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- March 12 2025
Philippines extends PFRS 17 deadline until January 2027
Last year, the Insurance Commission mandated adoption of a new accounting standard - which aligns with the International Financial Reporting Standard 17 (IFRS 17) - by January 1, 2025.
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- March 12 2025
Christopher Lindsey joins Willis as MD for risk, analytics in Asia
Lindsey has been with WTW since September, having previously spent just over three years at rival Marsh.
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- March 11 2025
Willis hires Takashi Kato as head of marine for Japan
Tokio Marine veteran has over 20 years of experience in marine insurance.
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- March 11 2025
Frontier launches new kidnap, ransom, extortion coverage with Travelers capacity
The MGA will offer the product across APAC with limits of up to US$15m per event and US$30m in aggregate.
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- March 11 2025
Cyclone Alfred claims ‘spike’ to over 22,000 as clean-up begins
Majority from Queensland, according to the Insurance Council of Australia, with claims from New South Wales set to increase in coming days.
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- March 11 2025
Gallagher expands in Philippines with Philinsure acquisition
Global broker increases minority stake in the Philippines-based broker it has held since 2016.
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- March 11 2025
PCRIC makes US$45,000 parametric payout on coral reef cover in Cyclone Rae aftermath
Payment to an NGO in Fiji will be used for reef clean-up and restoration activities and community livelihood support hit by the tropical cyclone.
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- March 10 2025
KDIC recovers US$125m in public funds from Seoul Guarantee IPO
The state-owned Korean Deposit Insurance Corporation sold 10% (6,982,160 shares) of its total issued shares (93.85%) through the listing of Seoul Guarantee, and is expected to sell the remaining equity to recover an additional US$3.4bn.
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- March 10 2025
Search begins for new IRDAI chief: report
Debasish Panda’s three-year term as chairperson is due to end on March 13, 2025, although applications are being accepted until April 6.
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- March 10 2025
Japan P&I confirms key personnel changes amid latest reshuffle
Koji Shikada takes on extended roles as deputy head of underwriting units and general manager of Tokyo underwriting department I, effective from April 1.
