Non-life

la-wildfires-drive-insured-loss-estimates-as-high-as-us45bn

LA Wildfires: insured losses projected up to US$45bn

January 21 2025

Industry losses estimated between US$10bn and US$45bn, with some Asia (re)insurers facing exposure.

MSIG Asia targets 15% CAGR profit growth to 2029

January 20 2025

Insurer is strengthening in digital distribution, as well as healthcare and cyber lines.

Mufei Lo joins Aon as Head of Marine Claims Advocacy, Asia

January 20 2025

Lo moves from Pequod Associates, where he has served since 2010.

Alllianz set to pay AU$170m in compensation after settling car add-on insurance class action

January 20 2025

ASIC has been criticising Australian insurer's car add-on insurance sales practices since 2016.

CCR Re officially rebrands to Arundo Re

January 17 2025

Rebrand was first announced in September.

MG Non-Life faces liquidation risk with potential sale in deadlock: Report

January 17 2025

Sale attempt woes continue as union blockades stall Meritz Fire & Marine's bid.

am-best-revises-ptis-outlook-to-stable-citing-improved-capital-adequacy

AM Best upgrades PTI's outlook to stable, citing gradual capital adequacy improvement

January 17 2025

Market share has declined in last two years, but Vietnamese insurer returned to underwriting profitability in 2023 and 9M 2024.

fery-hakim-named-aig-indonesias-ceo-president-director

Fery Hakim moves to AIG Indonesia as CEO and President Director

January 17 2025

Hakim moves after a decade with Chubb.

marsh-asia-appoint-martin-beck-and-robert-jones-in-energy-leadership-roles

Marsh Asia appoints Martin Beck and Robert Jones to key energy roles

January 17 2025

Beck (left) named Energy Transition Leader, Asia and Jones (right) Renewable Energy Leader for the region.

aon-asia-announces-leadership-appointments-for-mampa-transactions-team

Aon Asia announces leadership appointments for M&A & Transaction Solutions team

January 17 2025

Xianwei Lee appointed Head, Adrian Chai Head of Transaction Solutions, Jamie Wan Head of Transaction Advisory Services, and Blossom Lim as Growth Leader.

valuation-clarity-to-unlock-korean-insurer-mampa-logjam

Valuation clarity to unlock Korean insurer M&A logjam

January 17 2025

Six Korean insurers are up for sale but a post-IFRS 17 boost to profits led to questions over firm’s valuations.

Severe storms across Australia’s eastern states trigger surge in insurance claims

January 17 2025

Insurers mobilise after strong winds, hail hit New South Wales and Queensland.

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