News Page 23 / 1059
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- March 31 2025
Myanmar’s protection gap exposed as 7.7-magnitude earthquake death toll tops 1,600
The financial burden from the damage to buildings, airports, roads and bridges, is likely to fall on businesses and the government as insurance penetration in the country remains very low.
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- March 31 2025
Hong Kong’s Peak Re makes India foray with GIFT City branch
Office in the offshore special economic zone will be led by Sudhir Salian, managing director and head of India.
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- March 29 2025
Full capacity: 2025 the year of the fires?
In the latest issue of our Full Capacity newsletter, we look at April 1 renewals, Myanmar quake, MS&AD's deals as well as our weekly roundup of people moves.
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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.
