Industry Segments: Insurers Page 2 / 10
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- July 29 2025
Chubb pays US$321m for Liberty Mutual’s Thailand arm
The acquisition of LMG Insurance was completed on April 1, with recognised goodwill of US$183m and intangible assets of US$57m, the insurer said in a stock exchange filing.
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- July 29 2025
Japan P&I to sustain strong capitalisation, operating performance: S&P Global
Global rating agency on Tuesday upgraded its insurer rating to BBB+ from BBB with a stable outlook.
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- July 28 2025
Construction Guarantee’s underwriting losses to continue for the short to medium term: AM Best
Korean insurer has reported two consecutive years of underwriting losses in 2023 and 2024, as well as another loss in H1 2025.
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- July 28 2025
Aon’s John Morley joins Swiss crypto carrier 1B as CEO
Insurer plans to establish offices in Asia, including in Singapore, Malaysia and Hong Kong.
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- July 28 2025
Hong Kong P&C market posts US$112m underwriting profit in Q1 2025: HKIA
The SAR's direct insurers posted an underwriting profit of US$140m, while the inward reinsurance segment posted an underwriting loss.
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- July 24 2025
Allianz Partners hires senior underwriter from Allied World
Hong Kong-based Juan Ibarra Santos has joined Allianz group's affinity and assistance business as a senior group underwriter.
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- July 24 2025
QBE signs up Sure to distribute intermediated home cover in Australia
Australian insurer will no longer offer domestic householders’ insurance directly through its broker channel from the start of October.
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- July 23 2025
Chubb’s Asia P&C premiums grows 7.5% to US$2.5bn in H1 FY25
The Japanese general insurance arm of the global insurer increased its NWP by 7% year-on-year to US$201m in FY24.
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- July 23 2025
Tower discontinues multi-policy discounts as efforts to fix errors falls short
Kiwi insurer says it had made significant investments to upgrade its systems and processes following regulatory action.
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- July 23 2025
Deadly Ha Long Bay boat capsize insurance payouts to top US$500,000: reports
At least 37 people died after the Wonder Seas capsized during bad weather in Vietnam on Saturday.
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- July 23 2025
Zurich takes Swiss Re’s Michael Szwajda as Singapore broker relationship lead
He will focus on deepening broker and customer relationships and driving growth for the insurer's commercial insurance portfolio, including Zurich Resilience Solutions opportunities.
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- July 22 2025
Delta Australia ropes in BHSI’s David Augustyniak to lead cyber, PI underwriting
Brisbane-based Augustyniak has two decades of experience across underwriting, broking, and portfolio leadership.
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- July 22 2025
Indian startup Kiwi General Insurance appoints Saurav Jaiswal as CEO
General insurer was founded by private equity firm WestBridge Capital and former Tata AIG CEO Neelesh Garg.
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- July 21 2025
PVI Insurance’s H1 FY25 pre-tax profit tops US$25.8m, representing 41% increase
Original insurance premium revenue for the first half of the year exceeded US$305.8m.
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- July 21 2025
Wenqiao Li returns to Allianz, joins commercial arm as head of distribution management
Hong Kong-based Li joins from Descartes Underwriting.
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- July 21 2025
Zurich’s David Wang joins Starr Insurance as APAC head of financial lines
Wang spent almost 15 years in a variety of financial lines underwriting roles with Zurich.
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- July 21 2025
DB Insurance’s operating performance and capital remain strong despite unfavourable economy: AM Best
Rating agency has affirmed the financial strength rating of A+ (superior) and the long-term issuer credit rating of “aa-” (superior) of the South Korean insurer.
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- July 21 2025
PICC Hong Kong’s active expansion in inward reinsurance improves business diversification: AM Best
AM Best has revised outlooks to positive from stable and affirmed financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent) of PICC HK.
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- July 18 2025
‘Time for us to leave’: German legal insurer Arag set to exit Australia market
Arag had partnered with HDI Global Specialty to set-up Arag Services Australia in July 2019.
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- July 16 2025
Ex-Lloyd’s CEO John Neal changes course, set to join AIG as president
Lloyd's had confirmed Neal’s departure for Aon in January, after he had served as CEO of Lloyd’s since October 2018.
