News Page 213 / 1249
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- March 28 2025
Japan Post agrees US$3.6bn block reinsurance deal with Talcott Life Re
Japanese life insurer will continue to service and administer the reinsured in-force payout annuities.
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- March 28 2025
Mitsui Sumitomo agrees to acquire 15% in WR Berkley for about US$3.8bn
Japanese insurer will buy the shares through open market purchases or private transactions with third parties and expects to complete the acquisition by March 2026.
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- March 28 2025
7.7-magnitude earthquake rocks Myanmar, leads to road and property damage in Bangkok
Earthquake also shook buildings and triggered evacuations in neighbouring Vietnam and southwest Yunnan province in China.
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- March 28 2025
Berkley Insurance Asia, Howden Re, Allianz Trade, Steadfast, Everest: 10 APAC insurance people moves of the week
Howden, Allianz Australia, VIG Re, WTW, Zurich, Salt, and Swiss Re Corporate Solutions (CorSo) also made personnel changes over the last week.
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- March 28 2025
PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
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- March 28 2025
MS&AD to merge Mitsui Sumitomo and Aioi Nissay Dowa by April 2027
Merger aims to create a domestic non-life carrier with leading market share, the Japanese insurance group said.
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- March 28 2025
Lloyd’s coverholder Salt appoints Lee Maureen Santiago as marine underwriter
Sydney-based industry veteran previously worked at Allianz Marine and Transit Underwriting Agency for over 12 years.
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- March 28 2025
AIG’s Vivian Chow set to join Berkley Insurance Asia in Hong Kong
Chow will join the specialty (re)insurer in Hong Kong, as first reported by IAN.
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- March 28 2025
Iris Lee joins Howden as Asia marine team divisional director
Hong Kong-based Lee most recently spent just over a year with OneGlobal Broking, having previoulsy worked for over 10 years at Marsh.
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- March 28 2025
‘You can’t do it as a hobby’: ESG must be a clear business model with easily measurable targets
Allianz Re's Kenrick Law says that while implementing sustainability targets can be challenging in markets like Asia, the industry needs to raise awareness, share best practices, and create transparency.
