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Korea’s revised capital rules to ease burden, improve capital quality says Fitch
April 1 2025
Immediate effects may be limited, but insurers are expected to adjust strategies over time to sustain earnings and manage capital costs, says Fitch.
Sompo to become first Japanese P&C insurer to adopt IFRS accounting standards
April 1 2025
The group will adopt international standards from FYE 2026, with a transitional period of reporting under both IFRS and Japan GAAP.
IRDAI mandates 6-hour cyber incident reporting for insurers and intermediaries
April 1 2025
The directive reduces the previous 24-hour reporting window.
Allianz Partners and Mitsui Sumitomo Insurance form strategic partnership in New Zealand
March 31 2025
The alliance will allow Allianz Partners to introduce new, tailored travel solutions in the country, insurer says.
MS Amlin to open Australia branch, as Matt Botfield appointed head of Australia and New Zealand
March 31 2025
Sydney branch, currently pending Lloyd’s approval, will strengthen MS Amlin's reinsurance presence in the region.
Fairlight launches in Australia with Lloyd’s-backed insurance policies for medical practices industry
March 31 2025
Market Lane's newest MGA provides tailored liability and property solutions for medical, aged care, and NDIS providers.
Peak Re to establish new branch in India’s GIFT City
March 31 2025
The branch will be led by reinsurer's Head of India, Sudhir Salian.
Ardonagh Group launches new global data and technology unit
March 31 2025
Ardonagh Intelligence will integrate robotics, machine learning, and data enrichment across the group.
Aon estimates South Korean wildfire economic losses in the hundreds of millions of dollars
March 31 2025
Fires are ongoing but are already the most destructive in the country's history.
Talcott Life Re inks US$3.7bn asset-intensive reinsurance deal with Japan Post Insurance
March 29 2025
Talcott's second AIR deal in Japan will see it reinsure a block of Japan Post's in-force payout annuities.
7.7 magnitude earthquake causes significant loss of life and infrastructure damage in Myanmar, Thailand
March 29 2025
State of emergency declared in both countries, with epicentre near Sagaing, Myanmar and felt up to 2,000km away.
Mitsui Sumitomo, Aioi Nissay Dowa to merge in 2027
March 28 2025
Move would create the largest non-life insurer in Japan.
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