Non-life

Swiss Re to be appointed co-investment manager of GAM’s ILS fund range

April 8 2025

Swiss Re will handle investment and portfolio management, while GAM will oversee risk and manage global distribution and product structuring.

Beazley names Sydonie Williams as Head of International Cyber Risks

April 8 2025

She first joined Beazley in 2019 and was recently ROW Focus Group Leader for Cyber Risks.

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.

NASDAQ-listed XChange TEC.INC acquires Hong Kong insurance brokerage

April 7 2025

Business says it aims to use Hong Kong as a gateway for growth in Asia Pacific.

lic-rejects-ustrs-claims-of-uneven-playing-find-in-indias-insurance-industry

LIC rejects USTR's claims of uneven playing field in India's insurance industry

April 7 2025

The USTR report says government (re)insurers have an unfair market advantage.

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