News

Philippine regulator PCC clears FPG–Mercantile merger worth $169m in GWPs

Nat Re posts strong underwriting performance in 2025 driving profit growth

June 5 2026

Improved underwriting performance and lower claims costs drove the reinsurer's profit growth, despite a decline in gross premiums.

asia-pacific-insurers-face-sharper-climate-driven-physical-risks-msci-study

WMO flags high risk of El Niño formation in coming months

June 4 2026

El Niño-linked weather shifts could drive higher claims and volatility across lines such as property, agriculture, and health.

japans-paypay-to-acquire-70-2-stake-in-td-financial-life-for-us840-2m

Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m

June 4 2026

The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base.

ai-set-to-reshape-insurance-but-most-carriers-lag-on-readiness-am-best-survey

Indian IT firm Coforge rolls out tech platform targeting modernisation of insurance operations

June 4 2026

Nexa platform aims to streamline underwriting, claims, and product development through AI integration.

LIC eyes strategic investment in fintech to fuel digital expansion

June 4 2026

Following a robust FY2026, LIC moves to modernise its IT systems through targeted investments in fintech and insurtech players.

Victoria drives rise in Australia's motor theft claims as insurance losses hit A$243m

June 4 2026

National theft claims would have fallen 10% in 2025 without Victoria's surge, ICA data shows.

MSAD to cut domestic bases to 240 ahead of 2027 Mitsui SumitomoAioi merger

Mitsui Sumitomo–Aioi merger targets US$1.75bn profit by FY2030

June 4 2026

The merged Mitsui Sumitomo-Aioi Nissay Dowa entity will to lean into cost reduction and scale data capabilities to drive profits.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

June 4 2026

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

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Chubb Singapore attains Tier 1 insurer status under MAS framework

June 4 2026

The classification solidifies Chubb Singapore’s position in the domestic market as a large-scale commercial insurer.

ICICI Prudential Life hit with US$535K GST demand over FY2023 discrepancies

June 3 2026

The life insurer plans to challenge the GST demand tied to alleged discrepancies in its filings.

Yebyeol General Insurance, Non-Life Insurance

Kyobo Life enters bid to acquire Yebyeol General Insurance - Report

June 3 2026

Kyobo joins Korea Investment Holdings and Heungkuk Fire & Marine Insurance in the bidding race.

fusure-re-upgrade-reflects-shareholder-capital-injections-and-disciplined-growth-plan-am-best

AM Best upgrades FuSure Re on shareholder capital injections, disciplined growth plan

June 3 2026

The reinsurer’s total capital and surplus rose to HK$3.15bn (US$402m) at year-end 2025 after a HK$1bn shareholder injection.

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