News Page 180 / 1314
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- October 14 2025
Marsh McLennan to rebrand as Marsh, Guy Carpenter to become Marsh Re in 2027
Rebranding is effective January 2026, while the company’s four businesses will adopt the Marsh brand beginning in 2027, following a transition period.
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- October 14 2025
Lawmakers to question major Korean carriers over high disaster insurance premiums, margins: report
- Insurers
- South Korea
- DB Insurance
- Hanwha General Insurance
- Hyundai Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
The National Assembly has summoned chief executives of Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, KB Insurance, Hanwha General Insurance, Meritz Fire & Marine and NH NongHyup Property & Casualty Insurance.
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- October 14 2025
Marine insurance rates may rise following Sri Lanka’s US$1bn plastic spill ruling: report
A cargo ship owned by Singapore’s X-Press Feeders, insured by London P&I Club, spilt tens of billions of petrochemical pellets and burnt plastic, oil and chemicals into the ocean off Colombo in 2021.
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- October 14 2025
MS&AD to put Hawaiian unit DTRIC into run-off
It will continue to administer all active policies, manage claims and meet its contractual and statutory obligations over the next several years.
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- October 14 2025
China’s retaliatory port fees on US-linked vessels adds to maritime disruptions
A US$56 per net ton fee will be charged at Chinese ports from vessels that US flagged, built or are owned or operated by US enterprises, meanwhile, the country has also banned Korean shipbuilder Hanwha Ocean's US subsidiaries in escalating tensions.
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- October 14 2025
Australian court restrains Marsh from pursuing Greensill claims in UK
The 'anti-anti-suit injunction' in the sprawling litigation follows Marsh's claims that Greensill is contractually bound to resolve its disputes in England.
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- October 14 2025
Markel to restructure international operations into 5 divisions
The five new units are Asia-Pacific, Canada, Europe, London Market (comprising marine & energy, PFR & cyber, and specialty) and UK.
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- October 14 2025
Howden acquires Kiwi broker Omni in continuing Pacific expansion
Founded in 2006 by Clinton Alcock and Matthew Thorburn, Omni offers commercial and domestic insurance to 1,800 clients across Auckland and Central North Island.
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- October 13 2025
Steadfast merges underwriting arms to create new specialty MGA Prevail
The broking group combined Mansions, Dawes Motor Insurance and Argis Insurance to form the new underwriting agency, which will be led by CEO David McMurdo.
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- October 13 2025
Allianz Trade promotes Yusuke Hata to regional head of Japan desk for North Asia and Singapore
Hata was previously sales manager for the firm since joining the trade credit insurer in 2022.
