Industry Segments: Insurers Page 8 / 12
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- June 9 2025
Kiwi insurer Tower strengthens tie-up with key external loss adjusting partner Sedgwick
Chief claims officer Steve Wilson says the partnership will provide Tower with additional support from Sedgwick’s loss adjusters across New Zealand and the Pacific.
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- June 9 2025
Chubb hands James Brown expanded role as head of major accounts for Asia
Singapore-based Brown will focus on driving business direction of the division, while remining in his current position as global broking head in the region.
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- June 9 2025
Japan’s Mitsui Sumitomo Insurance domestic operations performance to remain stable: AM Best
The rating agency has affirmed financial strength rating of A+ (Superior) and long-term issuer credit rating of “aa” (Superior) to MSI.
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- June 9 2025
Putting Markel on the map: International president Andrew McMellin eyes US$500m APAC premiums written by 2030
Specialty insurer also targets US$5bn of premiums across its international markets, while trying to get a 50/50 balance between London and non-London books of businesses.
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- June 9 2025
Manulife unit to re-domicile to Hong Kong from Bermuda in November
Second insurer after Axa to shift its base under Hong Kong's new company re-domiciliation regime.
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- June 9 2025
New Zealand’s Natural Hazards Commission secures US$6.3bn in reinsurance cover
The cover, renewed on June 1, includes NZ$225 million from a multi-year catastrophe bond issued in 2023.
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- June 5 2025
RGA concludes block reinsurance policies for Tokio Marine’s life arm
Reinsurance of whole life policies with Anshin Life follows a US$700m reinsurance block transaction completed in 2024.
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- June 5 2025
QBE appoints Sebastian Tjornelund as interim head of marine for Asia
Tjornelund succeeds Rama Chandran, who is leaving to head specialty MGA Rokstone's new office in Singapore.
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- June 5 2025
Swiss Re CorSo appoints Aimee Curtain as head of property & specialty for ANZ
Curtain takes over from outgoing head Luke Griggs as the commercial insurers continues its regional leadership shakeup.
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- June 4 2025
Chubb veteran Bilal Chohan joins Everest Insurance to ‘kick off’ risk engineering practice
Sydney-based Chohan will focus on property, energy, and construction portfolios covering local and international markets.
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- June 4 2025
South Korean non-life insurers face capital pressure as liabilities rise: AM Best
Long-term insurance premium growth may face headwinds from macroeconomic uncertainties, while intensified competition could undermine sustainable growth as the market becomes saturated.
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- June 3 2025
India’s non-life premiums could rise to US$38bn in FY26: ICRA
Report also notes private insurers could expand market share to 70% by FY27, up from 68% in FY25.
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- June 3 2025
India’s 3 state-owned insurers need close to US$2bn to remain solvent: ICRA
Combined solvency ratios remained weak at negative 0.85 times as of December, compared to the regulatory minimum of 1.50.
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- June 2 2025
AIG appoints Celina Ennis as ANZ head of operations
Ennis joins from Allianz, where she was national manager for quality assurance since July 2021.
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- June 2 2025
Grab ‘in early stages’ of entering Singapore’s motor insurance market: report
GrabInsure has been hiring staff in recent months, having obtained a general insurance licence from the Monetary Authority of Singapore in December.
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- June 2 2025
Bolttech Insurance Hong Kong ratings affirmed despite fluctuating financial performance: Fitch
The general insurer's net income declined to US$255,000 in 2024 from about US$4m million a year earlier.
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- May 30 2025
Zurich names Suncorp’s Morris Garsin as head of claims excellence for ANZ
Sydney-based Garsin will assume the role in August.
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- May 29 2025
Exclusive: Swiss Re CorSo reshuffles APAC leadership as China CEO, Southeast Asia head depart
China CEO Jeffrey Pan will depart by the end of the year, while Singapore-based Didier Bélot will leave the company by the end of August.
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- May 28 2025
Tokio Marine sets up green unit amid push for decarbonised society
Tokio Marine GX will build on the existing work of GCube, Tokio Marine's renewable energy-focused MGA.
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- May 28 2025
Markel Australia launches FI solutions, begins with expanded finpro cover for investment managers
Team will be co-led by senior underwriters Lan Pham, based in Melbourne, and Daisy Galvin, who has transferred to Sydney from London.
