Industry Segments: Insurers Page 7 / 43
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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.
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- May 14 2026
Tokio Marine open to more ILS deals ‘if there’s any room’, as Kizuna Re highlights strong earthquake demand
Latest outing raised US$100m in Singapore, with assistant manager for global reinsurance, Ken Oka, telling InsuranceAsia News that the insurer has studied issuing catastrophe bonds in Hong Kong.
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- May 13 2026
Axa XL launches prevention unit, led by global CUO Libby Benet
Its fifth business unit, alongside Americas, APAC and Europe, UK and Lloyd’s and reinsurance, reflects the company's commitment to prevention, risk insight and client partnership.
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- May 13 2026
Howden names Alaric Lee as Hong Kong CEO, replaces Singapore-bound Alfred Sham
Sham will relocate to Singapore to take on the role of chief strategy officer for Asia.
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- May 13 2026
JKL Partners reboots sale of Lotte Non-Life Insurance: report
Relaunced sale expected to raise at least US$668m, according to a report by the Seoul Economic Daily.
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- May 13 2026
Sompo hires Sarah Lee as multinational network manager for APAC
She will be based in Hong Kong and report to Lena Liu, Sompo's Asia Pacific multinational business unit head.
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- May 12 2026
Sompo continues Australia team expansion with addition of Everest’s Sophie Morrison
She joins as a senior property underwriter, based in Sydney, and is the latest underwriter to join from Everest.
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- May 12 2026
South Korea’s deposit insurance corporation launches re-bidding for Yebyeol Non-Life
Only Korea Investment Holdings previously submitted a bid for the bridge insurer of troubled carrier MG Non-Life Insurance.
