Industry Segments: Property & Casualty Page 1 / 16
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- June 24 2025
Sompo names Alasdair Walker Hong Kong CEO as Li Sheung Kin set to retire
Walker will be responsible for driving Hong Kong’s profitability and capabilities as a key commercial business hub in Asia Pacific, reporting into regional insurance CEO Kenneth Reilly.
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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 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
SBI General Insurance appoints Mohd Arif Khan as deputy CEO
Khan joins the carrier from the State Bank of India, where he was most recently general manager.
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- June 12 2025
QBE Asia first carrier to join IFC’s resilience program to close APAC protection gap
International Finance Corporation's (IFC) Building Resilience Index (BRI) program focuses on hazard mapping and a resilience assessment framework and evaluates climate-related risks for real-estate projects and portfolios.
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- June 11 2025
Kiwi insurer Tower confirms Paul Johnston as CEO
Johnston, who has been interim CEO since February, will start in the new role from Wednesday.
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- May 27 2025
GIC Re’s FY25 underwriting loss at US$403m, COR improves to 108.8%
Carrier’s net profit for the financial year rose by 3.1% to US$784.3m, while GWP grew by 10.7% to US$4.8bn.
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- May 22 2025
Axa XL gives Jamie Chambers expanded role as greater China CEO
Chambers will continue to lead Hong Kong business while also taking on broader leadership responsibilities across China, Macau, and Taiwan.
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- May 20 2025
Tokio Marine Group’s FY24 NWP up 10% to US$36.7bn
Top-line results in line with the projections and strong due to rate increases domestically and internationally, product revisions for fire and motor and expanded specialty lines sales.
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- May 20 2025
Sompo posts record profits, bolstered by overseas business
Japanese group’s international business' underwriting income grew by almost six times to US$399m in FY24.
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- May 19 2025
Ping An P&C’s underwriting profitability better than domestic peer average: AM Best
AM Best affirms an insurer rating of A (excellent) with a stable outlook.
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- May 19 2025
Canopius expands APAC leadership with double appointment
Singapore-based Chen Zhang and Channing Chiu will report to APAC and MENA CEO Soon Keen Lee.
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- May 16 2025
Beijing hail leads to US$44m insured loss from widespread motor, property damage
Local insurers have received at least 45,600 claims, with the majority related to motor, as of May 14, according to the Beijing Financial Regulatory Bureau.
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- May 15 2025
Philippines’ P&C growth supported by rising demand, stabilised reinsurance capacity: AM Best
However, underwriting performance is subject to greater volatility due to the country's increased nat cat exposure.
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- May 13 2025
Korea’s FSC to establish bridge insurer for MG Non-Life reorganisation: report
Temporary insurer will be funded by Korea Deposit Insurance Corporation to manage the troubled carrier's insurance contracts and transfer to other non-life carriers.
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- May 8 2025
‘Industry legend’ Paul Schappacher returns to AIG Australia as senior commercial property underwriter
Melbourne-based Schappacher previously worked at Chubb, Suncorp, Great Lakes and Zurich.
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- May 7 2025
Korean non-life carriers’ overseas branches see net income surge to US$95m
Increase attributed to base effect of natural catastrophes in 2023, including Typhoon Mawar in Guam and a wildfire in Hawaii.
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- April 24 2025
Shinkong gets rating upgrade on record results, underwriting gains: AM Best
Rating agency upgrades Taiwanese non-life insurer’s rating to a+ (excellent), while reviseing the outlook to stable.
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- April 23 2025
Korean regulators may transfer MG Non-Life insurance contracts: reports
Samsung Fire & Marine, DB, KB, Hyundai Marine & Fire and Meritz Fire & Marine are reviewing a plan to form a joint due diligence corporation to takeover the struggling insurer's policies.
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- April 17 2025
Premium hikes to boost Japan’s big four insurers’ domestic profitability: Moody’s
The profitability will improve gradually supported by fire and motor lines, which account for about 70% of net premiums written by Aioi Nissay Dowa Insurance, Mitsui Sumitomo Insurance, Sompo Japan Insurance and Tokio Marine & Nichido Fire Insurance.
