News

Manulife, UpLink launch innovation challenge to address demographic shifts in Asia

March 26 2025

The initiative aims calls for start-ups to develop solutions for financial resilience, health care access, and active ageing in Asia.

envest-set-to-acquire-major-stake-in-nz-underwriter-ando-insurance

Envest adds financial advisory arm with Wealth Architects stake

March 26 2025

As part of the transaction, Wealth Architects acquired PSC Life from PSC Insurance Group.

iag-overhauls-reinsurance-program-to-limit-nat-cat-volatility-over-next-five-years

IAG pushes to delay A$7bn Greensill trial: Report

March 26 2025

The insurer is facing 10 claims from creditors, including Credit Suisse and US investment firm White Oak.

Arch Insurance Australia raises property insurance capacity

March 26 2025

to A$50m per-situation limit increase reflects commitment to brokers and clients and is effective immediately, says Arch.

japan-p-and-i-club-sees-tonnage-decline-in-february-renewals

Japan P&I Club sees tonnage decline at 2025 policy year renewals

March 26 2025

The Club implemented a 7% general increase for ocean-going vessels at the renewals.

australias-cyclone-reinsurance-pool-hit-99-coverage-by-sum-insured-but-count-of-risks-falls

Pursuit Underwriting launches in Australia, partners with Berkley

March 26 2025

The MGA offers a combined liability product, aiming to serve the recreation, wellness and tourism sectors.

malaysian-mp-urges-bank-negara-malaysia-to-investigate-health-insurance-premium-hikes

Malaysia's life and takaful insurers’ profits halve as medical claims soar

March 26 2025

Escalating medical costs and increased claims will put further pressure on underwriting income.

fortitude-re-signs-4bn-air-deal-with-taiyo-life

Fortitude Re signs US$4bn AIR deal with Taiyo Life

March 25 2025

Deals marks the Bermuda-based insurer’s second deal with Taiyo and sixth in the region.

arpc-issues-preliminary-a1-7bn-loss-estimate-for-ex-tropical-cyclone-alfred

ARPC estimates reinsurance pool will cover A$1.7bn in Cyclone Alfred losses

March 25 2025

Estimate remains fluid and is likely to change as further assessments, more claims data become available, the corporation said.

Generali completes acquisition of Generali China Insurance, gains full ownership of P&C business

March 25 2025

Acquisition aligns with group's strategy to strengthen its footprint in key Asian markets.

srg-launches-asia-pacific-operations-with-singapore-hub

SRG officially launches in APAC with Singapore hub

March 25 2025

The move follows SRG’s acquisition of HL Suntak and signals the broker’s broader ambitions to scale specialist offerings across the Asia Pacific region.

japanese-insurers-reduce-capacity-withdraw-favourable-terms-to-focus-on-profitability-aon

Japan's FSA orders major insurers to improve practices following seconded employee data breaches: Report

March 25 2025

Order issued after two million customer records were inappropriately shared with primary employers.

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