News Page 224 / 1314
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- July 21 2025
PICC Hong Kong’s active expansion in inward reinsurance improves business diversification: AM Best
AM Best has revised outlooks to positive from stable and affirmed financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent) of PICC HK.
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- July 20 2025
Allianz ties up with Jio Financial for India reinsurance foray
Two companies also enter into a non-binding agreement for equally owned general and life insurance JVs.
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- July 19 2025
Full capacity: Could APAC be the next battleground for broker consolidation?
Private equity drivers broker consolidation as APAC emerges as the next growth hotspot.
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- July 18 2025
South Korea hit by torrential rain with 4 dead, 500 properties damaged
Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.
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- July 18 2025
Tonga renews US$17m multi-peril cover with PCRIC
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
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- July 18 2025
Aon, AIG, Markel, Howden, Miller: 10 APAC insurance people moves of the week
Gallagher, Generali GC&C, Allianz Trade, Crawford, Fusion Specialty, MSIG Asia and WTW Insurance Brokers also made personnel changes over the last week.
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- July 18 2025
‘Time for us to leave’: German legal insurer Arag set to exit Australia market
Arag had partnered with HDI Global Specialty to set-up Arag Services Australia in July 2019.
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- July 18 2025
Howden India bolsters M&A team by hiring Marsh’s Saloni Bhandari as senior VP
Mumbai-based Bhandari has also been named co-head of transactional risk for India.
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- July 18 2025
Crawford confirms Tony Chapman as new head of global technical services for Asia
Appointment of Singapore-based Chapman confirms an earlier exclusive from InsuranceAsia News.
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- July 18 2025
Seadrif, Gallagher Re pioneer multi-peril parametric sovereign disaster risk policy for Laos
The two-year cover, first to use a government-reported impact-based trigger, expands the original flood-only placement to include typhoon, earthquake, and landslide.
