Industry Segments: Insurers Page 4 / 57
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- October 15 2026
Singapore-flagged container vessel sunk in Strait of Hormuz ‘matter for war risk underwriters’, West says
GFS Pride was struck by an unknown projectile, although all 21 crew members were safely evacuated and no injuries have been reported, according to the Maritime and Port Authority of Singapore.
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- October 14 2026
Zurich taps Scott Yin as China unit CEO
He was formerly with Axa Tianping for over a decade.
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- October 14 2026
IAG offers to trade NRMA Western Australia renewal rights for RACI deal approval
In a public benefits application to the competition regulator, the insurer also offered to address the availability of RACI home insurance in northern Western Australia and to invest US$14 million in community resilience over the next decade.
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- October 14 2026
‘Sense of fatalism’ abounds over assessment of impact of conflict on supply chains
The market struggles to innovate on supply chain contingent business interruption and to quantify manufacturing network and financial contagion risk, Russell Group’s Suki Basi says.
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- October 13 2026
Zurich appoints Martin Noble to expanded role as greater China CFO
Noble is currently CFO for Hong Kong and has been working at the insurer for nearly 13 years.
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- October 13 2026
Shinhan Financial agrees US$516m deal for controlling stake in Lotte Insurance
Korean financial services group signed an agreement to purchase a 77% stake in the non-life carrier from private equity owner JKL Partners.
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- October 12 2026
Lloyd’s Asia joins GAIP as supporting partner
Lloyd's Asia will contribute its specialist expertise to the platform to address protection gaps and strengthen resilience against complex, evolving risks in Asia.
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- October 12 2026
FWD to re-enter P&C with 25% stake in bolttech Hong Kong for US$21m
The target was formerly FWD General Insurance and was divested by the Richard Li-controlled insurance group to bolttech in 2020.
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- October 12 2026
Indonesian solvency rules to drive consolidation, capital raising: Fitch
Country’s carriers also face pressure from the impending implementation of an RBC regime in 2027.
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- October 12 2026
The Hartford targets APAC growth with Singapore energy launch in Q1 2027
Carl Bach, head of international business, sees an ‘abundance of opportunity' in all the markets the carrier trades in the region as it continues to expand specialty capabilities and roll out an automated quoting tool.
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- October 11 2026
Japan’s FSA suspends Prudential Life, Gibraltar Life operations for 3 months over employee fraud
The partial suspension, running from Tuesday to the end of January, bars the insurers from writing new contracts or selling products.
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- October 11 2026
Australia’s competition tribunal halts IAG-RACI appeal pending ACCC public benefit ruling
IAG and RACWA plan to file the public benefit application with the competition watchdog before Wednesday.
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- October 9 2026
TT Club and UK P&I Club members vote to merge, creating Unified Transport Mutual
The combination is effective from February 20 next year and is expected to generate a 5% improvement in the merged entity’s COR.
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- October 9 2026
HDI Global Japan names Kei Kimura as general manager of distribution and marketing
Kimura joined the German insurer's Japan branch on October 1.
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- October 9 2026
Tuvalu becomes 13th member of PCRIC, securing cyclone coverage
Work is also already underway to develop a tailored drought insurance product for Tuvalu, expected to be available in early 2027.
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- October 8 2026
Business interruption claim severity up more than 30% a year: Allianz Commercial
While volume of claims remained stable, value has increased sharply in recent years due to geopolitical tensions and increasing cyber and technological risk.
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- October 8 2026
AM Best maintains stable outlook for Indonesia non-life sector
Robust economic growth and capital strengthening measures are supportive of the industry's profitability, according to AM Best.
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- October 8 2026
South Korea’s OK Financial signs deal to acquire Yebyeol Insurance from KDIC
KDIC will provide US$737m in financial support as part of the deal.
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- October 8 2026
Exclusive: Meritz Korindo chief denies reports of stake sale by Meritz Fire & Marine
Cha Hee Jun, president director of the company, told InsuranceAsia News that the Korean insurer has no plans to sell its stake in the Indonesian JV.
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- October 8 2026
IAG, RAC seek tribunal review of ACCC’s US$940m deal block
Companies have lodged separate filings with the Australian Competition Tribunal to overturn regulator’s decision.
