News Page 23 / 1363
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- October 9 2026
Thailand’s insured flood losses to date in 2026 at US$297–327m: OIC
Carriers escaped major losses in the latest event because property policies now include flood sublimits that cap insurer liability and prevent runaway losses, says Crawford's Sompong Suriwong.
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- October 9 2026
Tuvalu becomes 13th member of PCRIC, securing cyclone coverage
Work is also already underway to develop a tailored drought insurance product for Tuvalu, expected to be available in early 2027.
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- October 8 2026
Specialty MGA hires David Higgins to lead global bloodstock expansion
MNK Group's new portfolio will have a global remit, with a particular focus on opportunities in Australasia, the US, the UK, and Europe.
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- October 8 2026
Business interruption claim severity up more than 30% a year: Allianz Commercial
While volume of claims remained stable, value has increased sharply in recent years due to geopolitical tensions and increasing cyber and technological risk.
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- October 8 2026
APAC data centre expansion concentrates risk across construction, power, operations and cyber: Howden
Insurers and brokers are increasingly providing integrated programs addressing both construction and operational phases, with delay in start-up cover responding only to delays caused by an underlying insured physical loss event.
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- October 8 2026
AM Best maintains stable outlook for Indonesia non-life sector
Robust economic growth and capital strengthening measures are supportive of the industry's profitability, according to AM Best.
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- October 8 2026
GIC Re’s investment income makes up for lack of technical profits: AM Best
Rating agency has affirmed the financial strength rating of A- (excellent), the long-term issuer credit rating of “a-” (excellent) and the national scale rating of aaa.IN (exceptional) of GIC Re, all with stable outlook.
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- October 8 2026
South Korea’s OK Financial signs deal to acquire Yebyeol Insurance from KDIC
KDIC will provide US$737m in financial support as part of the deal.
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- October 8 2026
Marsh elevates Sonya Febbo to Australia head of authorised representatives for corporate, commercial
Melbourne-based Febbo previously spent over 15 years as managing director of XS Insurance, a corporate authorised representative of Marsh.
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- October 8 2026
Exclusive: Meritz Korindo chief denies reports of stake sale by Meritz Fire & Marine
Cha Hee Jun, president director of the company, told InsuranceAsia News that the Korean insurer has no plans to sell its stake in the Indonesian JV.
