Industry Segments: Insurers Page 2 / 8
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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
Zurich Kotak General Insurance brings in 2 new faces for commercial insurance team
Ranjit Bhargava joins as head of distribution and Sumit Gupta as executive vice president of distribution.
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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.
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- June 17 2025
Exclusive: Zurich names Koji Okumura as senior property underwriter in Japan
Okumura earlier worked at Munich Re as an underwriter for almost 10 years, travelling between Japan and Hong Kong.
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- June 16 2025
Everest’s Himanshu Garg promoted to head of new business initiatives
Garg will retain his role as head of India, according to Asia Pacific CEO Kevin Bogardus.
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- June 16 2025
Asian and financial risks, cyber, silos on the agenda as insurers, risk managers face complex challenges
Geopolitical risks were at the heart of the agenda at the 2025 Airmic Conference in Liverpool, where risk managers from the UK, Ireland, and Europe gathered last week.
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- June 13 2025
AIG appoints Philip Kwan as head of personal lines for Hong Kong and Macau
Hong Kong-based Kwan, who was most recently head of sales at Allianz Partners, brings almost 30 years of insurance experience to his new role.
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- June 13 2025
HDI Global reshuffles APAC engineering team
Haris Michaels will relocate from Sydney to Singapore, with Stevan Bonic taking over as engineering underwriting manager for Australasia.
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- June 12 2025
Ex-Tropical Cyclone Alfred insured losses down 12% from initial estimate: Perils
Darryl Pidcock, Perils' head of Asia Pacific and cyber, said the reduction was unusual compared to previous Australian events.
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- June 12 2025
QBE to underwrite MGA Blue Zebra’s Australian motor business
New capacity provider replaces Youi, which has decided to move away from broking channel.
