News

Australia moves to cut private health insurance rebates for over-65s from April 2027

September 16 2026

The change is expected to increase the cost of cover for around 3.2 million older Australians.

MB Insurance takes prestige motor underwriting into New Zealand

MB Insurance takes prestige motor underwriting platform into New Zealand

September 16 2026

The 35-year-old Australian MGA is writing prestige, luxury, high-performance and classic motor risks for New Zealand brokers on MS Amlin capacity at Lloyd's.

Zurich's US$10.9bn Beazley acquisition secures regulatory approvals, targets October 1 completion

Zurich's US$10.9bn Beazley acquisition secures regulatory approvals, targets 1 October completion

September 15 2026

A court hearing on 22 September is the last substantive hurdle before the mega deal is completed.

Peak3 announces new end-to-end AI-driven delivery lifecycle for insurance systems

September 15 2026

The system has cut end-to-end feature development and core implementation costs by 50%, with client availability planned within six to 12 months.

Miller enters Malaysia via Labuan reinsurance platform

September 15 2026

The new operation is anchored by treaty reinsurance specialists Jo Garnett and Hui Sin Low, with additional talent expected to join later this year.

South Korea motor insurers swing to H1 underwriting loss as combined ratio hits 101.9%

Korea motor insurers post first H1 underwriting loss in 6 years as combined ratio hits 101.9%

September 15 2026

Rate increases and a larger insured vehicle pool helped lift premiums in H1 2026, although worsening claims costs weighed on the segment.

Eureka Underwriting launches in Australia with Lloyd’s backing

Eureka Underwriting launches Lloyd's-backed financial lines agency in Australia

September 15 2026

Led by former Swiss Re Corporate Solutions and AIG executive Giuseppe Carone, the Lloyd's-backed MGA will focus on professional indemnity, cyber and management liability risks.

BRICS backs reinsurance capacity talks, India offers GIFT City for risk lab

September 15 2026

The proposed resilience centre would build shared risk models, though the declaration commits no capital.

China targets 90% grain crop insurance coverage under 2030 agriculture plan

China sets 1.9% penetration target, 20% expense ratio cap for agricultural insurance

September 15 2026

The plan also calls for expanded market-based reinsurance, stronger catastrophe protection, and greater technology investment across the agricultural insurance sector.

Philippines orders Western Guaranty to expedite claims after MV June Aster ferry fire kills 76

September 15 2026

The cause of the MV June Aster fire remains under investigation, with survivor accounts pointing to a possible onboard explosion.

Allianz, Zurich say no material exposure to Radiant World despite trade credit policies – Reports

Zurich, Allianz Trade say they have no material exposure to Radiant World

September 14 2026

Both insurers responded to a Financial Times report on their cover for the trader, which is accused of raising bank credit against invoices for trades that did not exist.

Indian Bank advances life insurance plans, eyes board approval

September 14 2026

The state-owned lender is considering a subsidiary or joint-venture structure, with partner selection likely in the next 12 months.

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