Non-life

Cyclone Alfred leads to largest number of property claims in RACQ's history

April 8 2025

Insurer's losses estimated up to A$220m (US$133m), with Cyclone Reinsurance Pool expected to cover most of the figure.

MNK Group launches unified brand across global operations

April 8 2025

The rebrand integrates broking, MGA, and risk-taking entities under a single structure, including operations in Asia Pacific.

China encourages insurers to set up private fund firms

China encourages its insurers to set up private funds

April 8 2025

New financial technology plan calls on industry to set up private fund firms, a move which could bring benefits to domestic markets while enhancing insurer's solvency ratios.

Australia's GI Code Governance Committee sees improved compliance as breaches decline

April 8 2025

Insurers reported 67,394 breaches of the Insurance Code of Practice in 2023–24, marking a 13% decline from the previous year.

Marsh Asia appoints Astrid Suryapranata as Mercer Marsh Benefits Leader for Indonesia

April 7 2025

Suryapranata has been with MMC for ten years.

regulator-fines-japans-major-non-life-insurers-for-price-fixing

Japanese insurers ramp up overseas growth as local market slows: AM Best

April 7 2025

US subsidiaries wrote over US$68bn in premiums in 2024, with annuities and diversified product lines driving growth.

marshs-tom-burrell-relocates-to-sydney-as-head-of-private-equity-mergers-amp-acquisitions-for-pacific

Marsh's Tom Burrell relocates to Sydney as Head of Private Equity Mergers & Acquisitions for Pacific

April 7 2025

Burrell moves from Marsh UK where he was Head of Transaction Advisory.

japans-insurance-industry-to-top-us400bn-in-2029-globaldata

APAC cedents capitalise on softening market at April renewals

April 7 2025

Carriers secured favourable reinsurance terms amid strong competition and abundant capital, though rising catastrophe losses could limit future rate reductions.