Industry Segments: Insurers Page 2 / 38
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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 Kiln CEO Brad Irick.
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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.
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- May 20 2026
Reduced nat cat losses, higher premiums propel MS&AD’s FY25 net income to US$5bn
Group's non-life business reported net premiums written of US$31.4bn for the fiscal year ended March 31, growing 7.1% year on year.
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- May 20 2026
Sompo posts record US$4bn profit, up 163% on lower nat cat losses, strong underwriting gains
Group’s insurance service result rose 93.5% to US$3.7bn, while consolidated net profit increased 71% to US$3.1bn
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- May 20 2026
Zurich elevates Kin Lee to APAC head of energy
Singapore-based Lee will lead the development and execution of the underwriting strategy for Zurich’s energy portfolio across the region.
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- May 19 2026
Seadrif taps Richard Poulter to lead sovereign asset and fiscal empowerment facility
He was formerly chief risk officer at the Pacific Catastrophe Risk Insurance Company.
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- May 19 2026
Markel, Willis launch dedicated nuclear insurance facility
Facility will provide capacity property damage and business interruption cover for nuclear-critical and conventional exposures spanning construction through to operation.
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- May 19 2026
War overtakes civil unrest as top PVT risk for most Asia Pacific firms: Allianz Commercial
Financial loss of the conflict in the Middle East has the potential to result in a larger insured loss than PVT claims arising from the war in Ukraine, according to Allianz Commercial’s latest risk barometer report.
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- May 19 2026
Zurich appoints Giles Crowley, Sarah Powell to newly created leadership roles
Insurer names Crowley as head of customer and distribution management for APAC, with Powell named head of international broker and customer engagement.
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- May 19 2026
Liberty Mutual hikes stake in India unit to 74%
Move follows earlier increase in Liberty Mutual's stake from 49% to 55.4% in September.
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- May 18 2026
Sompo hires Megan Yeung as senior casualty underwriter for Hong Kong, Macau, Taiwan
Most recently a casualty underwriter at Axa XL, Hong Kong-based Yeung is specialised in product and general liability.
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- May 15 2026
Santam taps Hemant Gulati to lead Gift City buildout
Appointment comes after the South African insurer received regulatory approval to establish a presence in India’s special economic zone in February.
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- May 14 2026
Jio, Allianz incorporate 50:50 general insurance JV in India
Jio Financial Services will invest US$518,000 for a 50% stake in Jio Allianz General Insurance.
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- May 14 2026
MS&AD completes acquisition of 18% equity stake in Barings
MS&AD had struck a deal in November to acquire the stake, worth US$1.44bn, from MassMutual, Barings' US parent.
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- May 14 2026
Nepal drought triggers US$100,000 parametric payout to farmers
First-of-its-kind payout in Nepal, which was as designed by Global Parametrics, benefitted 405 people.
