Industry Segments: Insurers Page 10 / 16
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- June 27 2025
QBE promotes Patricia Priest to chief underwriting and transformation officer for Australia Pacific
Sydney-based Priest has been with QBE for over five years.
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- June 26 2025
Indian government to reduce stake in GIC Re, New India Assurance: report
Government will divest a 5% stake in New India Assurance Company and 3.5% stake in GIC Re in FY26 to ensure compliance with the minimum public shareholding norms.
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- June 26 2025
QBE confirms new claims ‘strategic direction’, with ‘roles impacted’
Rachel Elmes, Arron Mann, Brenton Crabb, and Kate Peterson will leave the firm, IAN understands.
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- June 26 2025
QBE names Jo Hatcher as consumer MD for Australia Pacific
Sydney-based Hatcher has been with QBE for six years and has been general manager for SME and digital innovation since 2022.
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- June 25 2025
Everest Insurance launches Korea desk, led by Brian Jee
Singapore-based Jee joined Everest two years ago from Chubb as a senior underwriter.
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- June 25 2025
Tokio Marine seeks ‘geographic diversity’, eyes US P&C expansion amid global acquisition push: report
New CEO Masahiro Koike says 'if there are good opportunities, we want to grab them'.
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- June 24 2025
Allianz Australia names Luke Whenman as chief claims officer
Sydney-based Whenman was previously Suncorp's executive general manager for motor claims.
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- June 24 2025
Sompo names Alasdair Walker Hong Kong CEO as Li Sheung Kin set to retire
Walker will be responsible for driving Hong Kong’s profitability and capabilities as a key commercial business hub in Asia Pacific, reporting into regional insurance CEO Kenneth Reilly.
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- June 24 2025
Korean insurers to face capitalisation pressure due to falling interest rates, tighter norms: Fitch Ratings
Ongoing volatility in investment returns amid financial market uncertainty could challenge the overall stability of insurers’ profitability, according to the global rating agency.
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- June 24 2025
Warburg Pincus in talks to divest 10% stake in India’s SBI General: report
Private equity firm is in discussions with other shareholders Premji Invest and State Bank of India for a deal that could value the general insurer at US$4.5bn.
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- June 23 2025
Zurich Kotak launches commercial insurance division
The carrier will expand into commercial property, liability, marine, and engineering, covering a range of businesses from SMEs to large corporates.
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- June 23 2025
Fitch upgrades outlook for Sinar Mas to positive on improved capitalisation, profitability
Global rating agency revises the Jakarta-based insurer’s financial strength rating outlook to positive from stable, and affirmed an AA+(idn) rating.
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- June 20 2025
AIG taps Liberty Specialty Markets’ Snowy Chan as marine lead in Hong Kong, Macau
Chan joins having spent almost 16 and a half years with Liberty.
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- June 19 2025
Fitch upgrades QBE with reserve risk volatility set to ease, net income hits US$1.8bn in 2024
Rating agency upgrades insurer financial strength ratings of QBE Insurance Group's core subsidiaries to AA- (very strong), and QBE's long-term issuer default rating to A with a stable outlook.
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- June 19 2025
Wild weather claims surpass all of 2024 in just 5 months amid increasing severity, frequency: NRMA
Australian insurer says it received more than 32,000 wild weather-related damage claims in the first five months of 2025.
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- June 19 2025
Markel International appoints Muhammad Saber as operations manager for APAC
Singapore-based Saber joins from Liberty Specialty Markets where he was most recently operations team lead.
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- June 19 2025
Axa XL ships in QBE duo to boost Australia marine team
Ross Lawrenson joins as a senior marine underwriter and Sameen Naveed as a senior marine claims specialist.
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- June 18 2025
ACCC launches public review of IAG-RACQ deal, focuses on personal lines
The competition watchdog is conducting market inquiries as part of its standard merger assessment process.
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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
‘Quite orderly’ 1.7 ANZ renewals seeing double-digit rate cuts amid plentiful capacity
Reinsurers, though, have little appetite to reduce first loss retention levels, sources told InsuranceAsia News.
