Non-life

AM Best places Aspen ratings under review with positive implications following Sompo's US$3.5bn acquisition bid

September 2 2025

Completion of the deal is targeted for the first half of 2026.

Ajay Seth officially takes the helm as IRDAI chief

September 1 2025

The former secretary of the Department of Economic Affairs, who succeeded Debasish Panda, officially began his tenure on September 1.

ishita-gogia-joins-gallagher-india-as-practice-lead-for-renewal-energy

Ishita Gogia joins Gallagher India as Practice Lead for Renewable Energy

September 1 2025

Gogia brings more than a decade of experience in broking and insurance, including nearly 6 years at WTW.

Willis India names Arjun Cherukunnathu, Ameya Kane as Vice Presidents for FINEX team

September 1 2025

Cherukunnathu joins from Marsh, while Kane moves from Alliance Insurance Brokers.

australias-niba-names-steadfasts-nick-cook-as-new-president

Steadfast Group posts 11.9% profit jump as broker network expands to 402 members

September 1 2025

The group increased its equity stakes and grew gross written premiums across both broking and underwriting divisions during the last financial year.

AM Best affirms Toa Re ratings as net income nearly doubles in FY2024

September 1 2025

The Japanese reinsurer's ratings were upheld with stable outlooks after profit in fiscal 2024 rose to JPY28.5bn (US$190m) on stronger underwriting and investment income.

Aon names Bonjay Koo as Enterprise Client Leader for South Korea

September 1 2025

He joins the insurer following a five-year stint with Deloitte Consulting.

allianz-commercial-appoints-hydor-as-mga-for-marine-liability-in-asia-pacific

MSIG Singapore taps sister unit to expand P&I capabilities

September 1 2025

MSIG Specialty Marine will directly write Protection & Indemnity risks from Singapore, targeting Asia-Pacific’s growing marine segment.

racq-apologises-to-members-over-mishaps-in-insurance-renewal-notices

IAG completes RACQ Insurance acquisition in A$855m deal

September 1 2025

The deal sees IAG acquire a 90% stake in RACQ, while securing an exclusive underwriting and distribution agreement for 25 years.

Asia steps into record cat bond boom as Global ILS hits new highs

September 1 2025

Record issuance is contributing to softer reinsurance pricing worldwide, while Asia’s regulators and reinsurers push to capture more of the market.

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