News Page 70 / 1195
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- September 25 2025
Vietnam’s PVI Insurance raises charter capital to US$163m
The additional capital reinforces financial foundation, enhances risk management capacity and enables greater support for large-scale national and international projects, the insurer says.
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- September 25 2025
IAG’s RAC Insurance acquisition faces member disquiet, club’s CEO claims deal is ‘best path forward’: report
The deal being scrutinised by ACCC, which said it can potentially weaken competition in the supply of motor and home and contents products in Western Australia.
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- September 25 2025
Lockton snaps up Willis’ Terence Montgomery as APAC head of transaction liability
Singapore-based Montgomery was the Asia Pacific practice leader for M&A at Willis since June 2018.
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- September 25 2025
Swiss Re names Pavel Huerta Uribe as head property underwriting globals for APAC
Uribe will be based in Tokyo and succeeds Andy Tran.
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- September 25 2025
Aon India names Manoj Kumar head of sales and growth for commercial risk and health solutions
Mumbai-based Kumar was most recently head of specialty products for the global broker.
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- September 25 2025
New Zealand’s Ando elevates Therese Singleton as CEO, succeeding John Lyon
The Envest-backed insurer also promoted Timothy Riding to the executive team as head of portfolio and underwriting.
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- September 24 2025
KDIC aims to recover US$740m through SGI Seoul Guarantee stake sale: report
South Korean deposit insurer has begun offloading a 33.85% stake to recoup public funds injected during the Asian financial crisis.
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- September 24 2025
Nepal’s ‘Gen Z riot’ losses impose financial strain on (re)insurers: AM Best
Outsized proportion of losses, reported to be over US$177m, could impact earnings and capital of the market, which has a combined GWP of US$317m.
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- September 24 2025
Tower raises cat limit to US$536m in FY26 reinsurance renewal
Kiwi carrier switches large individual property risks cover from proportional treaty to XoL structure, estimates lower premium expense.
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- September 24 2025
Marsh ANZ elevates Scott Eccleston to Pacific head of risk management
He has spent more than 20 years of his career at Marsh.
