News Page 52 / 1347
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- July 23 2026
Australia motor body calls out IAG’s ‘fig leaf’ remedy, urges ACCC to block RAC acquisition
IAG made a remedy offer in July to secure approval for its US$970m acquisition of the Royal Automobile Club of Western Australia’s insurance business.
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- July 23 2026
Indonesia’s Asei downgraded to BB+ by Fitch on capital strain, loss pressures
Weak capitalisation, reserve adjustments and credit insurance risks weigh as insurer works on recovery plan.
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- July 23 2026
Asia insurance rates decline 5% in Q2, led by cyber: Marsh
Property insurance rates fell by 5%, while casualty insurance rates declined by 3% and cyber insurance rates decreased by 8%.
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- July 23 2026
Pacific insurance rates drop 13% in Q2, led by property: Marsh
Region saw the steepest decline in rates globally for a second quarter running, according to Marsh’s Global Insurance Market Index.
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- July 23 2026
Australian gig economy specialist Protect Underwriting launches with Lloyd’s capacity
Sydney-headquartered MGA is backed by Lloyd's syndicate Apollo ibott 1971, with Pantheon Specialty as its London broking partner.
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- July 23 2026
AM Best maintains stable outlook for South Korea’s non-life insurance market
It is supported by sufficient capital resilience, recent regulatory actions, solid investment performance, and a strategic pivot among insurers toward profitability-focused measures.
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- July 23 2026
Blackstone teams up with ex-HDFC Ergo CEO Anuj Tyagi for India general insurance venture
Blackstone will own 90% of Nxsure General Insurance, while Tyagi will hold a 10% stake, according to local media.
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- July 23 2026
Coupang warehouse fire could trigger up to US$590m in insured losses: reports
Multi-day blaze at Korean e-commerce giant’s logistics hub this week puts DB Insurance and Meritz-led programs on the hook for potential large-scale claims
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- July 22 2026
Historical loss experience becoming less reliable guide to future risk: Aon
Global Catastrophe Recap: First Half of 2026 report shows floods in China in May and June were the costliest nat cat event for Asia, with economic losses of about US$4.9bn.
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- July 22 2026
John Neal’s conduct ‘fell significantly below standards’, Lloyd’s finds
UK insurance exchange had opened an investigation in November linked to Neal’s six-year stint as CEO.
