News Page 26 / 1099
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- June 18 2025
South Korean insurers’ K-ICS ratio falls below 200% for the first time, standing at 197.9%
The ratio for non-life insurers decreased by 3.4 percentage points to 207.6% at the end of March compared to 3 months earlier, while that of life insurance companies fell 12.7 percentage points to 190.7%.
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- June 17 2025
Ex-Tropical Cyclone Alfred claims top 68,000, ARPC says, losses estimated at US$941m
Majority of claims received are for food spoilage and property damage due to severe winds, fallen trees, or water ingress in homes.
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- June 17 2025
Australia MGA Agile names Liz Geden as New Zealand head
Auckland-based Geden had joined from Delta Insurance in March.
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- June 17 2025
Exclusive: Zurich names Koji Okumura as senior property underwriter in Japan
Okumura earlier worked at Munich Re as an underwriter for almost 10 years, travelling between Japan and Hong Kong.
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- June 16 2025
Exclusive: Marsh Japan hires WTW veteran Hirofumi ‘Luke’ Nakamura amid exodus, talent battle
Tokyo-based Nakamura joins Marsh as a senior vice president along with several other former WTW colleagues.
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- June 16 2025
Gard appoints André Kroneberg as Asia business unit head amid major global restructuring
P&I club will form five market-facing syndicates, with Bjørnar Andresen and Christen Guddal taking on global responsibilities.
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- June 16 2025
AEI Insurance Broking to acquire AB Phillips, creating US$227m combined GWP within AUB Group
Merger followes recent acquisitions of Austbrokers Canberra and BusInsure and the buildout of the AEI Melbourne operation.
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- June 16 2025
Taiwan’s non-life insurance premiums surge 10.5% in 2024, driven by motor: AM Best
Non-life insurer’s total DWP rose 10.9% to NT$271bn, while net claims fell 13.8% to NT$100.6bn.
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- June 16 2025
Marsh Japan appoints Shohei Iida as vice president for private equity, M&A services
Tokyo-based Iida was previoulsy a financial lines underwriter at Allianz Commercial and AIG.
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- June 15 2025
Aviation premiums could go up by 10% in FY27 following Air India crash: reports
Death toll has risen to 270 after Air India flight 171 crashed into a residential building shortly after take-off from in Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday.
