Subject: Legal Page 1 / 5
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- September 28 2026
Australian casino operator Crown sues RiverStone for US$16m in unpaid class action cover: reports
The 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.
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- December 23 2025
Axa Philippines pays US$6.8m to resolve decade-long Typhoon Ondoy dispute
Poultry and feeds producer Vitarich had originally filed against Charter Ping An Insurance in 2014 before it became part of Axa Philippines.
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- December 17 2025
Discount rate cut lowers capital pressures on South Korean non-life insurers: AM Best
Rating agency expects strengthening of supervision on asset-liability management will enhance the industry’s stability and resilience.
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- December 15 2025
Vietnam reduces requirements for insurance market entry
Move is part of an effort by Vietnam to reduce administrative burdens on local insurers, according to a press release by reinsurer Hanoi Re.
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- December 12 2025
Manulife successfully completes re-domiciliation from Bermuda to Hong Kong
Insurer was the second after French rival AXA’s Hong Kong and Macau arm to apply for the new company re-domiciliation regime after it was introduced in May.
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- December 11 2025
Typhoon Odette survivors in the Philippines sue Shell seeking corporate liability for climate-related losses
The lawsuit, filed in London, argues Shell’s historic emissions materially intensified Super Typhoon Odette’s landing in December 2021.
