Non-life

Allianz Commercial appoints Hydor as MGA for marine liability in Asia Pacific

June 10 2025

Allianz expands marine reach in APAC as Hydor gains authority to quote and bind coverage, effective 1 June 2025.

howden-australia-hires-grant-sheppard-as-head-of-marine-amp-logistics

Howden Australia hires Grant Sheppard as Head of Marine & Logistics

June 10 2025

He joins the insurance broker after nearly two decades at AIG.

rising-healthcare-costs-forcing-asias-insurers-to-withdraw-rethink-strategy

Soaring healthcare costs push Asia’s insurers to revise strategies, exit markets

June 10 2025

Industry leaders call for greater transparency, enhanced claims oversight, and expanded preventive care, as rising medical costs drive up policyholders’ premiums and insurers’ loss ratios.

BHSI launches new management liability policy for Australia's life sciences sector

June 10 2025

New policy addresses management liability needs unique to life sciences, biotech, and pharmaceutical firms and is specifically designed for the R&D ecosystem.

McLarens names Torben Bell as MD for Australia

June 10 2025

Bell joins McLarens after holding senior roles at Integra Technical Services and Crawford & Company Australia.

KFINCO’s rising policy role in South Korea’s construction sector prompts Fitch upgrade

June 10 2025

New A+ rating reflects construction guarantee insurer's strong capital position and key policy role, Fitch says.

miller-taps-melissa-kumazaki-as-credit-and-political-risk-broker-in-singapore

Miller appoints Melissa Kumazaki as Credit and Political Risk Broker in Singapore

June 9 2025

She joins from NORD/LB, where she worked for over a year as part of its Syndication and Investments Solutions team.

acil-warns-it-will-push-for-government-appointed-assessors-over-poor-claims-handling

ACIL urges insurers to fix cash settlement processes or face government-appointed assessors

June 9 2025

Homeowners often receive unclear and inadequate cash settlements that fail to cover the full cost of repairs, says consumer watchdog.

report-indias-transport-ministry-considering-tp-premium-increase-following-regulators-proposal

India considering 18% hike for third party motor premiums: Report

June 9 2025

IRDAI has recommended an average of an 18% increase amid high loss ratios and rising claim costs.

Income Insurance's Ronald Ong retires as chairman after seven years

June 9 2025

Ong will remain on the board of NTUC Enterprise, the parent company of Income Insurance.

new-zealand-secures-nz10-3bn-in-reinsurance-to-protect-homeowners-from-natural-disasters

NZ's Natural Hazards Commission secures NZ$10.3bn in reinsurance for 2025 renewal

June 9 2025

Figure is NZ$1.15bn (US$690m) higher than the previous year's total reinsurance cover.

markel-taps-aons-sucheng-chang-as-asia-pacific-managing-director

Markel taps Aon’s Sucheng Chang as next Asia Pacific Managing Director

June 9 2025

Chang will relocate to Singapore to lead Markel’s APAC operations.

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