Subject: P&C Page 1 / 73
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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 11 2025
Samsung Fire & Marine to buy additional 21% stake in Canopius
Transaction will increase the Korean insurer's total share to 40%.
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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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- June 9 2025
Chubb hands James Brown expanded role as head of major accounts for Asia
Singapore-based Brown will focus on driving business direction of the division, while remining in his current position as global broking head in the region.
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- June 6 2025
Chubb promotes Doug White to senior vice president, Asia Pacific
Hong Kong-based White will focus on strategic projects, provide mentorship to the P&C team, and contribute to the carrier's country boards across the region.
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- June 2 2025
Bolttech Insurance Hong Kong ratings affirmed despite fluctuating financial performance: Fitch
The general insurer's net income declined to US$255,000 in 2024 from about US$4m million a year earlier.
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- May 22 2025
Philippines’ insurance penetration grows to 1.89% in Q1 2025: IC
The Insurance Commission attributed the improvement to the faster premium growth, with the non-life NWP rising 19.3% to US$365m, mostly supported by the motor and fire lines.
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- May 21 2025
Japanese insurance groups lean on overseas arms to post record results
The country's big three insurers reported a mixed bag of domestic results, but international businesses posted strong growth.
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- May 9 2025
India to revive plan to merge 4 general insurers: report
Merger would create a non-life carrier with the highest market share in India and help the government’s mission of 'insurance for all' by 2047.
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- May 8 2025
Taiwan’s FSC revises digital insurer regulation to boost innovation, reduces capital requirement to US$16.5m
Key changes include allowing physical service locations and permitting foreign digital carriers to apply for a licence.
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- May 8 2025
Analytics: Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
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- May 7 2025
Guoren P&C to maintain capital buffer to support growth, profitable underwriting: Fitch
Fitch affirms insurer rating of BBB+ for the Chinese non-life insurer.
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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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- May 7 2025
APAC insurers remain resilient amid trade tensions, volatile markets: S&P
However, rising tariffs, market volatility, and currency fluctuations could strain earnings and slow premium growth.
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- April 30 2025
Peak Re expects stronger year ahead despite dip in profits, revenues in FY24
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.
