Subject: P&C Page 5 / 76
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- March 28 2025
PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
-
- March 27 2025
China Pacific Insurance’s P&C underwriting profit falls 35.5% to US$372m in FY24
Underwriting COR deteriorated by 0.9 percentage points to 98.6% due to a loss ratio that worsened to 70.8%.
-
- March 25 2025
Generali completes acquisition of China P&C business
The Italian insurer has received all regulatory approvals to take full ownership of the mainland P&C business
-
- March 25 2025
South Korea’s P&C insurers’ net income up 3.1% to US$5.8bn in 2024
Insurance income marginally down by 1% to US$5.6bn due to higher loss ratios for motor insurance, according to preliminary statistics from the Financial Supervisory Service.
-
- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
-
- March 24 2025
Singapore’s general insurance GWP rises 6.3% to US$8bn in 2024
Underwriting profit, across the domestic and offshore segments, grew 5.6% to US$480m, the General Insurance Association of Singapore said.
-
- March 21 2025
Indonesia’s non-life GWP up 13.8% to US$46.7bn in 2024
Underwriting result for P&C insurance segment decreased more than tenfold to US$666m, while reinsurance saw a US$66.6m loss.
-
- March 21 2025
Vietnam’s PVI Insurance to benefit from profitable commercial, retail lines: AM Best
Global rating agency affirms insurer rating of A- (excellent) with a stable outlook for Vietnam's largest non-life insurer.
-
- March 20 2025
ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9%
Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.
-
- March 20 2025
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
Non-life carrier will maintain independent management and have a separate board of directors.
