Non-life

Aon estimates South Korean wildfire economic losses in the hundreds of millions of dollars

March 31 2025

Fires are ongoing but are already the most destructive in the country's history.

7.7 magnitude earthquake causes significant loss of life and infrastructure damage in Myanmar, Thailand

March 29 2025

State of emergency declared in both countries, with epicentre near Sagaing, Myanmar and felt up to 2,000km away.

nan-shan-general-posts-significant-rise-in-operating-performance-in-2024-am-best

Nan Shan General posts significant rise in 2024 operating results: AM Best

March 29 2025

Taiwanese insurer has ratings affirmed as expansions in motor, travel, and commercial lines drive top-line performance.

Mitsui Sumitomo, Aioi Nissay Dowa to merge in 2027

March 28 2025

Move would create the largest non-life insurer in Japan.

committee-flags-shortcomings-in-australias-cyclone-reinsurance-pool-calls-for-structural-reforms

Joint Select Committee urges changes to Cyclone Reinsurance Pool

March 28 2025

Recommendations include extension of 48-hour rule, enhanced resilience measures, and potential inclusion of marine insurance.

Mitsui Sumitomo agrees to purchase 15% of W.R. Berkley's stock

March 28 2025

Strategic alliance looks to leverage MSI's international reach, Berkley's speciality expertise.

insurance-industry-criticises-budget-for-overlooking-flood-resilience-measures

Budget missing 'much needed' disaster resilience measures: Insurance Council of Australia

March 28 2025

ICA says lack of new flood mitigation funding, failure to remove insurance taxes could worsen premium pressures.

SALT appoints Lee Maureen Santiago as Marine Underwriter

March 28 2025

She reports to Iain Sharples, who SALT promoted to head of marine underwriting this month.

Howden taps Iris Lee as Marine Divisional Director for Asia

March 28 2025

She joins after a year with Oneglobal Broking.

hong-kongs-insurance-authority-launches-campaign-to-educate-students-on-risk-management

Hong Kong Insurance Authority launches youth campaign to promote risk management

March 28 2025

The campaign helped educate tertiary students on insurance fundamentals and potential career paths.

Concern over environmental risks falls among Asia's directors and officers

March 28 2025

Three in four D&Os rank regulatory breaches as very or extremely important, while concerns about environmental pollution risk fall.

South Korea battles historic wildfire emergency

March 28 2025

Country facing its worst ever wildfire crisis, with over 20 fires causing 28 fatalities and displacing more than 37,000 residents since 21 March 2025.

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