Subject: P&C Page 1 / 72
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- April 30 2025
Peak Re expects stronger year ahead despite dip in profits, revenues in FY24
The reinsurer reported a 6.7% drop in net profits at US$187m in FY24 driven by operating losses from its associate firms and a hike in income tax expenses.
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- April 28 2025
Hanwha General Insurance to acquire 98.3% of Carrot Insurance: report
The deal will secure the general insurer management rights to the struggling digital insurance startup.
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- April 28 2025
India’s Parliament to introduce bill allowing 100% FDI during monsoon session: reports
India's Insurance Amendment Bill will first be placed before Cabinet for its approval, after which the Department of Financial Services under the finance ministry would begin the introduction process.
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- April 24 2025
Pacific rates suffer largest global fall at 8% in Q1, Marsh says
Finpro pricing fell by 10%, while property and cyber declined by 9% and 8%, respectively.
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- April 24 2025
Asia insurance rates down 3% in Q1 2025, fifth straight quarter of decline: Marsh
Property rates down 3%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 8%, according to the broker's Global Insurance Market Index.
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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.
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- April 16 2025
India’s ICICI Lombard profit after tax up 30.7% to US$301.2m, COR improves to 102.8% in FY25
The carrier's GWP for the period increased by 10.4% to US$3.3bn.
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- April 16 2025
A month in, Australian insurers face ‘a lot of work’ adapting to FAR’s increased accountability
Financial Accountability Regime (FAR) requires insurers to map their organisations, responsibilities, and remuneration structure, while the upcoming merger control reforms aim to protect competition in the market.
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- April 14 2025
Canopius appoints Andrew Ziolkowski to lead ANZ
He succeeds Craig Elliot, who has served as interim head of the Australia business since December 2024.
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- April 10 2025
US tariffs may slow premium growth in trade-related P&C lines, raise claim costs: Moody’s
Supply chain disruptions and lower trade volumes could significantly reduce insurance demand for certain lines in Asia like marine cargo and credit.
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- April 9 2025
Carrot Insurance considering merger with parent Hanwha amid financial troubles
The digital carrier CEO Moon Hyo-il reportedly told employees that they are reviewing a capital increase and a merger with its parent.
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- April 7 2025
India’s general insurance market to rebound in FY26
The growth in premium will be primarily driven by rate increases pushed by hardening of reinsurance rates for certain lines of business and inflationary pressures, according to Fitch-owned agency India Ratings and Research.
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- April 7 2025
Munich Re’s Shashank Kaushik joins Bajaj Allianz as head of technical for agri business
Pune-based Shashank was most recently senior underwriter for the reinsurer, focused on key clients across APAC and Africa.
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- April 6 2025
Kiwi regulator files civil proceedings against IAG pricing misconduct
Approximately 269,000 customers were affected, resulting in overcharges of approximately US$20m.
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- April 1 2025
Chubb promotes senior Hong Kong trio
Patrick Wong assumes role of head of global client executive, with Queency Chau and Barry Yu also promoted.
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- April 1 2025
Bain Capital exits Tower investment via US$50m block deal
Kiwi insurer's largest shareholder sells 19.941% stake for US$0.74 per share.
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- March 31 2025
MS Amlin expands in Australia with Sydney office, appoints head of ANZ
New office will be led by Matt Botfield, who joins carrier from Aon.
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- March 31 2025
China Re’s P&C net profit up 69% to US$716m, COR deteriorates to 99.86%
Net profit from domestic primary P&C insurance business quadruples to US$206m.
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- March 31 2025
Myanmar’s protection gap exposed as 7.7-magnitude earthquake death toll tops 1,600
The financial burden from the damage to buildings, airports, roads and bridges, is likely to fall on businesses and the government as insurance penetration in the country remains very low.
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- March 28 2025
Mitsui Sumitomo agrees to acquire 15% in WR Berkley for about US$3.8bn
Japanese insurer will buy the shares through open market purchases or private transactions with third parties and expects to complete the acquisition by March 2026.
