Subject: Legal Page 1 / 5
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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.
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- December 8 2025
Meritz Fire & Marine faces US$680,000 exposure to Coupang data breach
US-listed Korean retailer is facing class action suits in the US and South Korea following a data leak that compromised information of 34 million customers.
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- December 5 2025
Guy Carpenter wins Singaporean lawsuit against ex-employees, LK Re for using unlawful means to lure client
Reinsurance broker argued defendants worked together to establish a facility to place Samsung Fire and Marine Insurance's domestic warehouse risks, costing Guy Carpenter US$1.3m in revenue.
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- November 14 2025
Lotte Insurance to sue FSC over ‘prompt corrective action’: reports
Dispute stems from the regulator's decision to issue a management improvement recommendation to the Korean carrier.
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- October 30 2025
Steadfast CEO Robert Kelly temporarily ‘stands aside’ amid probe into workplace complaint
Tim Mathieson, CEO of Australasian broking, has been appointed as acting chief executive officer, effective immediately.
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- October 14 2025
Australian court restrains Marsh from pursuing Greensill claims in UK
The 'anti-anti-suit injunction' in the sprawling litigation follows Marsh's claims that Greensill is contractually bound to resolve its disputes in England.
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- September 18 2025
Air India crash: US lawsuit targets Boeing, Honeywell over ‘shocking’ failure to prevent catastrophe
If evidence points to manufacturers’ fault, then victims’ families could get provable compensation without any limit in the US courts.
