Subject: P&C Page 1 / 77

- July 16 2026
PICC Hong Kong handed double rating upgrade, positive outlook from AM Best
- Insurers
- Hong Kong
- Ratings
- AM Best
- PICC Property and Casualty
AM Best upgrades The People’s Insurance Company of China's Hong Kong arm rating to A (excellent) with a stable outlook, citing sustained business scale growth, strongest‑level capitalisation and continued support from PICC Group.
- July 6 2026
Not blowout year, but M&A resiliency remains amid soft market, improving geopolitical outlook
- Analysis
- Insurers
- Asia Pacific
- M&A
- Iran conflict
Insurer appetite for M&A remained robust in the first half despite a volatile geopolitical backdrop, with three jumbo deals in Japan, Australia and the UK.
- July 3 2026
Zurich enters Australian home insurance market via new Honey tie-up
- Insurers
- Australia
- P&C
- Zurich
Agreement follows a similar partnership to offer pet insurance in March.
- June 9 2026
State Bank of India confirms listing plans for general insurance arm: reports
- Insurers
- India
- P&C
- SBI General Insurance
State-owned lender is planning to IPO SBI General Insurance and SBI Mutual Fund, chairman says.
- June 8 2026
Axa taps P&C, life, specialty capabilities to target Asia’s high net-worth with cross-border offering
- Insurers
- Hong Kong
- Specialty
- AXA
- Axa XL
The insurer’s new platform, Axa Global Private, brings together products from Axa and Axa XL under a unified platform spanning Hong Kong and Bermuda.
- May 21 2026
Tower’s NPAT falls 40.3% in H1 FY26 amid price softening, weather claims
- Insurers
- New Zealand
- P&C
- Tower
Gross written premium was up 1% from H1 FY25 due to lower average premiums and growth of low risk properties.
- May 20 2026
Tokio Marine adjusted profit rises 17% to US$4.4bn on underwriting strength, lower nat cat losses
- Insurers
- Japan
- P&C
- Tokio Marine
Lower capital gains from sale of equities, negative forex impact and Greensill reserving action weigh on earnings.
- May 5 2026
Lockton Singapore promotes Adin Eng to head of corporate risks, overseeing P&C
- People
- Brokers
- Singapore
- P&C
- Lockton
He joined Lockton in July, having previously worked at MS First Capital and Oneglobal Broking.
- April 24 2026
Hong Kong posts strong gross premiums in 2025, but P&C underwriting profits hit by Wang Fuk Court
- Regulators
- Hong Kong
- P&C
- Hong Kong Insurance Authority
Underwriting profits in Hong Kong's onshore property damage business fell last year by 97.2% due to reserving and losses arising from the Wang Fuk Court tragedy in November.
- April 22 2026
Pacific insurance rates drop 12% in Q1, extending soft market streak to 2 years: Marsh
- Insurance brokers
- Pacific
- Financial Lines
- P&C
- Marsh
Region saw the steepest decline in rates globally, according to Marsh’s Global Insurance Market Index.
- April 22 2026
Asia insurance rates fall for ninth straight quarter: Marsh
- Insurance brokers
- Pacific
- Financial Lines
- P&C
- Marsh
Property, casualty, finpro, and cyber lines all saw rate reductions amid strong insurer competition and evolving risk landscapes, according to Marsh’s Global Insurance Market Index.
- April 19 2026
IRDAI retains 4% obligatory cession for FY27 renewals
- Reinsurers
- India
- Regulatory
- GIC Re
- Insurance Regulatory and Development Authority of India
Cession to state-owned GIC Re will apply to policies attaching in the current financial year, which ends on March 31, 2027.
- March 28 2026
Krishnamoorthy Rao returns to Generali to lead India P&C JV
- People
- Insurers
- India
- P&C
- Generali
He was formerly with Generali in India and Malaysia for over 16 years.
- March 26 2026
Ping An P&C doubles FY25 underwriting profit to US$1.5bn, COR improves to 96.8%
- Insurers
- China
- Results
- Ping An
Chinese carrier's insurance revenue rose by 3.3% year-on-year to US$49bn.
- March 26 2026
China Taiping’s Hong Kong P&C COR hits 103.4% in FY25 after Wang Fuk Court fire
- Insurers
- Hong Kong
- Fire
- China Taiping
Fall in underwriting results comes after its exposure to November's fire, which killed 168 people.
- March 23 2026
‘Promising’ outlook as Japan’s P&C insurers reap benefits from diversification
- Analysis
- Insurers
- Japan
- P&C
- MS&AD
- Sompo
- Tokio Marine
Japan's non-life carriers are profiting from share sales, higher investment income, light natural catastrophe losses, and diversification of their revenues abroad.
- March 12 2026
Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg
- Philippines
- Oona Insurance
The private equity firm has hired Citigroup to review strategic opportunities for the Southeast Asian digital general insurer.
- March 11 2026
Gallagher strengthens India liability, claims teams with four senior hires
- People
- Brokers
- India
- Liability
- Claims
- Gallagher
The broker has appointed Mayank Sharma as national head of liability, Sunny Goel as strategic business leader for liability and renewable energy, Jyoti Krishnan as chief legal officer and national head of liability and specialty claims, and Nadeem Mokashi as head of P&C claims.
- March 10 2026
IRDAI clears Allianz Jio Re, Kiwi General to begin operations
- Reinsurers
- India
- Capital
- Allianz
- Jio Financial Services
- Kiwi General Insurance
The regulator granted certificates of registration to the two startups on Monday.
- March 9 2026
Stephen Ward to lead Steadfast’s newly formed Miramar Group
- People
- MGA
- Australia
- Financial Lines
- P&C
- Miramar Group
- Steadfast Group
Steadfast has brought together seven MGAs under one entity led by CEO Ward.

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Subject: P&C Page 1 / 77

PICC Hong Kong handed double rating upgrade, positive outlook from AM Best

Not blowout year, but M&A resiliency remains amid soft market, improving geopolitical outlook

Zurich enters Australian home insurance market via new Honey tie-up

State Bank of India confirms listing plans for general insurance arm: reports

Axa taps P&C, life, specialty capabilities to target Asia’s high net-worth with cross-border offering

Tower’s NPAT falls 40.3% in H1 FY26 amid price softening, weather claims

Tokio Marine adjusted profit rises 17% to US$4.4bn on underwriting strength, lower nat cat losses

Lockton Singapore promotes Adin Eng to head of corporate risks, overseeing P&C

Hong Kong posts strong gross premiums in 2025, but P&C underwriting profits hit by Wang Fuk Court

Pacific insurance rates drop 12% in Q1, extending soft market streak to 2 years: Marsh

Asia insurance rates fall for ninth straight quarter: Marsh

IRDAI retains 4% obligatory cession for FY27 renewals

Krishnamoorthy Rao returns to Generali to lead India P&C JV

Ping An P&C doubles FY25 underwriting profit to US$1.5bn, COR improves to 96.8%

China Taiping’s Hong Kong P&C COR hits 103.4% in FY25 after Wang Fuk Court fire

‘Promising’ outlook as Japan’s P&C insurers reap benefits from diversification

Warburg Pincus weighs sale of Oona Insurance after buyer interest: Bloomberg

Gallagher strengthens India liability, claims teams with four senior hires

IRDAI clears Allianz Jio Re, Kiwi General to begin operations

Stephen Ward to lead Steadfast’s newly formed Miramar Group