Non-life

Philippine insurance penetration rises to 1.89% in Q1 2025

May 23 2025

Life and non-life insurers saw income growth, while MBAs posted asset gains but a drop in surplus due to rising costs.

zenkyoren-partners-with-sv-on-us100m-earthquake-cat-bond-covering-japan-and-germany

Zenkyoren partners with SV on US$100m earthquake cat bond covering Japan, Germany

May 22 2025

The Liongate Re bond offers three years of cover, combining indemnity protection for Japan and parametric cover for Germany.

Aon, Moody’s add commercial risks to reinsurance casualty tie-up

May 22 2025

The partnership extends to climate-linked casualty and over 300 emerging risk perils.

Lockton promotes Piers Hughes to Head of Placement for Asia

May 22 2025

In his new role, Hughes will enhance facilities, captives, and retro capabilities across the region.

Jamie Chambers appointed CEO of AXA XL Greater China

May 22 2025

Chambers to take on expanded role following the retirement of HaoMing Zhou.

iag-to-acquire-90-of-racqs-underwriting-business

ACCC greenlights IAG’s acquisition of RACQ Insurance stake

May 22 2025

Approval represents a key milestone in the deal, with the competition watchdog concluding the market will remain competitive following the acquisition.

state-run-new-india-assurance-to-release-climate-risk-cover-for-retailers-businesses-reports

New India Assurance to launch parametric insurance product in May: Reports

May 22 2025

State-run insurer is set to roll out a climate risk parametric insurance product for retail and business clients this month.

australian-insurance-council-declares-significant-event-for-flood-hit-nsw

NSW hit by record floods as 'one-in-500-year' event leaves 50,000 stranded

May 21 2025

The Insurance Council of Australia has declared the flooding a significant event.

ping-an-launches-global-version-of-disaster-risk-platform-eaglex

Ping An P&C launches global version of disaster risk platform EagleX

May 21 2025

Platform uses AI and remote sensing data to help manage natural catastrophe risks.

axa-xl-promotes-tavpraneet-singh-to-chief-underwriting-officer-for-international-financial-lines-apac-amp-europe

AXA XL promotes Tavpraneet Singh to Chief Underwriting Officer for International Financial Lines, APAC & Europe

May 21 2025

He has been with the business for 15 years, most recently serving as Regional Product Leader.

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