Subject: Legal Page 1 / 6
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- October 22 2026
IAG confident RACI deal will be completed in 2027 despite opposition
Managing director and CEO Nick Hawkins tells IAG's AGM that the insurer is continuing to work through the process as it seeks to win the Australian competition regulator’s approval.
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- October 15 2026
Marsh to pay largest share of US$800m Credit Suisse Greensill settlement: FT
While IAG, Tokio Marine announced they settled the lawsuit out of court, Financial Times report said Marsh also agreed to the settlement.
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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 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 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.
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- September 28 2026
Australian casino operator Crown sues RiverStone for US$16m in unpaid class action cover: reports
Casino operator is seeking to recover funds on an excess of loss policy after the insurer allegedly refused to make good on cover tied to a shareholder class action settlement.
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- September 28 2026
Tokio Marine settles Credit Suisse Greensill suit after IAG deal
Japanese insurer did not disclose settlement terms, but says the deal would not materially impact FY26 results.
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- September 21 2026
IAG denies Greensill settlement with Credit Suisse
Australian insurer says it has yet to reach a settlement in the multi‑billion‑dollar lawsuit, responding to an Australian Financial Review report that parties had struck an out‑of‑court deal.
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- September 18 2026
Former CCB manager sentenced to four years in jail for US$470,000 Vesttoo bribery
Lam Chun-yin authenticated multiple forged CCB standby letters of credit and two fake collateral letters on behalf of Hong Kong investor Yu Po, together totalling over US$1.6bn.
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- July 1 2026
Exclusive: Marsh granted interim injunction in Hong Kong over executives’ move to Howden
Hong Kong High Court restricts four former executives, including Rohan Bhappu, from poaching clients and staff for a year, but rejects Marsh's broader disclosure bid over alleged misuse of confidential information.
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- June 9 2026
Australian AR network Sphere Insurance Group enters liquidation, ASIC filing shows
Queensland-based independent authorised representative network was founded in 2015.
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- May 29 2026
IAG settles US$2.8bn litigation with Greensill Bank administrators
InsuranceAsia News reported last week that Greensill Bank’s administrators were nearing a settlement with its insurers following court-sponsored mediation in March.
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- May 27 2026
South Korean financial regulator approves Lotte’s management improvement plan: reports
Korean insurer must implement its plan for 18 months, with the Financial Services Commission and Financial Supervisory Service monitoring the progress.
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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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- March 23 2026
Insurers prevail in Singapore’s top court over US$56m oil rig claim
ArgoGlobal, China Taiping, Great American, MS First Capital and QBE successfully appealed against a Singapore High Court decision in favour of OCBC Bank.
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- March 9 2026
Lotte Non-Life faces capital plan review as JKL accelerates sale
Financial Services Commission directs South Korean carrier to submit a new capital improvement plan within two months, having rejected an earlier proposal.
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- February 10 2026
AmTrust International strengthens Australian market presence with launch of APRA-licensed branch insurer
AmTrust Specialty offers supports for individuals and businesses who may be deterred from pursuing or defending legal action due to financial risk.
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- January 29 2026
South Korean financial regulator rejects Lotte’s management improvement plan, complicating sale efforts: reports
Rejection follows Financial Services Commission's prompt corrective action issued in November, which the company attempted to overturn through legal action.
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- January 23 2026
Exclusive: Marsh sues Hong Kong executives over departures for Howden
Lawsuit in Hong Kong is against Asia CEO Rohan Bhappu, Raymond Law, Rebecca Poon, and Cyrus Cheung.
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- January 14 2026
South Korean insurers to face stricter capital base requirement from 2027
Ratio of core capital, which counts paid-in capital and retained earnings, to required capital will be set at 50% or above.
