Industry Segments: Insurers Page 10 / 47
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- May 29 2026
Seadrif, UN launch anticipatory drought insurance pilot in Laos
Policy provides pre-arranged financing based on early warning data, before drought conditions severely affect farming households and rural communities.
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- May 29 2026
Global premium growth slowed in 2025, driven by higher rates rather than broader coverage: Allianz
Premiums rose 7.1% to US$8trn globally in 2025, moderating from the exceptional 9.4% expansion recorded the year before.
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- May 29 2026
IAG settles US$2.8bn litigation with Greensill Bank administrators
InsuranceAsia News reported last week that Greensill Bank’s administrators were nearing a settlement with its insurers following court-sponsored mediation in March.
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- May 29 2026
Starr names Jane Tung as head of casualty in Hong Kong
She has over 20 years of experience in the insurance industry, having worked at Swiss Re CorSo most recently as senior distribution manager.
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- May 28 2026
QBE names Johnny Suen as Hong Kong property head
He will lead QBE's property underwriting in Hong Kong, with oversight of property risks across Macau, Taiwan and mainland China (wholesale).
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- May 28 2026
Zurich New Zealand hires Alan James as head of distribution
He joins from AIG, where he spent 17 years holding roles in London, Singapore and Auckland.
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- May 28 2026
Hyundai Marine & Fire Insurance to expand into Europe, Southeast Asia: report
South Korean insurers have been actively pursuing overseas expansion in various regions as domestic growth stalls.
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- May 27 2026
South Korean financial regulator approves Lotte’s management improvement plan: reports
Korean insurer must implement its plan for 18 months, with the Financial Services Commission and Financial Supervisory Service monitoring the progress.
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- May 27 2026
Michael Hannigan returns to AIG in Australia
He begins a second stint following over two years at Berkshire Hathaway Specialty Insurance.
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- May 26 2026
South Korea’s FTC raids 8 non-life insurers over suspected bid-rigging: report
- Industry associations
- South Korea
- DB Insurance
- Hanwha General Insurance
- KB Insurance
- Meritz Fire & Marine Insurance
- Samsung Fire & Marine
Fair Trade Commission conducted on-site investigations into suspected collusion in bids for corporate group accident insurance policies.
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- May 26 2026
Zurich’s US$11bn Beazley deal draws Australian antitrust scrutiny over ‘competitive overlap’
New mandatory merger control regime has prompted the the Australian Competition and Consumer Commission (ACCC) to examine whether the deal will affect the supply of specialty insurance products.
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- May 25 2026
Tower elevates Michael Skeens to chief operating officer
Former customer contact centre head will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
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- May 25 2026
Beyond the canvas: APAC fine art and specie insurance boom fuelled by rising risks, shifting wealth patterns
Industry insiders tell InsuranceAsia News that wealth accumulation, art-finance links, and softer pricing drive insurer interest, while geopolitical and transit risks reshape underwriting.
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- May 24 2026
South Korea’s DB Insurance set to complete Fortegra acquisition
Insurer will acquire 100% of the outstanding shares of the US specialty carrier for US$1.65bn in an all-cash deal.
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- May 22 2026
South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
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- May 21 2026
Tokio Marine outlines capacity for over US$10bn in M&A following Berkshire deal
Beyond US deals, insurer sees Canada, Australia and Southeast Asia as priority markets for growth, according to Tokio Marine managing executive officer and co-head of international.
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- May 21 2026
Tower’s NPAT falls 40.3% in H1 FY26 amid price softening, weather claims
Gross written premium was up 1% from H1 FY25 due to lower average premiums and growth of low risk properties.
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- May 21 2026
GT Insurance taps Paul McLean as chief commercial officer
Sydney-based McLean joins from PSC Insurance Brokers, where he had been a regional executive since April 2025.
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- May 21 2026
Tokio Marine’s Greensill reserving fuels US$300m profit drop
Insurer entered a court-sponsored mediation in March, and is currently negotiating the settlement of Greensill Bank AG litigation.
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- May 20 2026
Tokio Marine adjusted profit rises 17% to US$4.4bn on underwriting strength, lower nat cat losses
Lower capital gains from sale of equities, negative forex impact and Greensill reserving action weigh on earnings.
