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Thursday, July 23, 2026
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Non-life
Rising interest rates to ease capital pressure on Korean insurers in H2 – Fitch
June 18 2026
The sector’s K-ICS ratio improved in 2025, but earnings remained under pressure from claims and onerous contract losses.
IRDAI proposes first rules for insurer mergers with non-insurance companies
June 17 2026
The draft amendments also propose lower deal fees, tighter foreign ownership rules, and new naming standards.
Australian government appoints Robert McLean to ARPC board, reappoints chair and directors
June 17 2026
The reshuffle covers the board that oversees Australia's terrorism and cyclone reinsurance pools, with new and reappointed members holding terms through 2028 and 2030.
Tokio Marine targets M&A in Australia, Canada with Berkshire backing
June 17 2026
The Japanese insurer is targeting Australia and Southeast Asia for potential acquisitions as it seeks to diversify geographically.
Philippine regulator orders faster claims processing after Mindanao earthquake
June 17 2026
The directive applies to regulated entities operating in areas declared under a state of calamity following the event.
Korea adds cyber cover to co-insurance for national security facilities — Report
June 17 2026
The move brings previously uninsured cyber risks within scope for national security institutions under an expanded co-insurance framework.
New Zealand to review Fire and Emergency insurance levy funding model
June 17 2026
ICNZ welcomed the move, saying it was a chance to reassess whether insurance levies remain the right way to fund the emergency services.
Income Insurance names Lim Sim Seng board chairman
June 17 2026
He will take over on July 1, succeeding Joy Tan, who has served as chairperson since 2025.
GIC Re announces Hitesh Joshi as Chairman and Managing Director
June 17 2026
Joshi will lead GIC Re as Chairman and Managing Director until his superannuation in September 2028.
ACCC clears Zurich’s acquisition of Beazley in Phase I review
June 17 2026
The authority found limited local market overlap between the merging parties and sufficient competition from multiple specialty insurers.
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