News Page 48 / 1075
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- March 14 2025
Queensland flood insured losses reach US$103m
Insurers have received more than 7,600 claims following the severe weather and flooding earlier this month, according to the Insurance Council of Australia (ICA).
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- March 14 2025
Exclusive: Moody’s RMS’ APAC managing director Andrew Hare departs
Singapore-based Hare had been with the risk modeller since 2022, having joined from Aon Inpoint.
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- March 14 2025
Hannover Re’s 2024 APAC P&C revenue down 4.5% to US$3bn
Reinsurer's Australian P&C business increased by 8%, while the larger Asian portfolio declined by a comparable percentage.
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- March 13 2025
‘We will act’: Opposition leader Peter Dutton clarifies policy on breaking up big insurance companies
Prime Minister Anthony Albanese also weighs in on this issue, agreeing that insurance companies are 'ripping off' Australians.
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- March 13 2025
Generali Asia’s P&C operating result 16% down to US$79.3m in FY24, COR deteriorates to 99%
Asia continues to be a key target areas of growth for the Italian insurance group, alongside Latin America.
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- March 13 2025
Lockton India confirms Anand Kaul as MD for transactional lines
Broker corroborates exclusive report by IAN, which also included Neelam Singh Koyande and Kulvir Singh leaving Aon.
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- March 13 2025
Cyclone Alfred claims top 44,000, road to recovery expected to be long
Insurance Council of Australia (ICA) CEO Andrew Hall also seeks to 'push past politicking around insurers and insurance companies'.
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- March 13 2025
Korean regulator to relax insurers’ capital adequacy requirement to 130-140%: report
The move will help lower financial burden for insurers, apart from raising their capital base.
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- March 13 2025
Meritz Fire & Marine withdraws offer to buy troubled MG Non-Life
South Korean insurer could face liquidation as the Korea Deposit Insurance Corporation (KDIC) evaluates its options.
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- March 13 2025
Exclusive: London P&I Club to dock in Shanghai, sail on Asian wave amid difficult-to-navigate geopolitical storm
Club also saw new tonnage increase in other APAC countries, such as South Korea, Vietnam, and Indonesia during last month's renewals.
