Non-life

Income Insurance names Lim Sim Seng board chairman

June 17 2026

He will take over on July 1, succeeding Joy Tan, who has served as chairperson since 2025.

GIC Re announces Hitesh Joshi as Chairman and Managing Director

June 17 2026

Joshi will lead GIC Re as Chairman and Managing Director until his superannuation in September 2028.

Sydney Opera House by Circular Quay with a city skyline behind on a sunny day.

ACCC clears Zurich’s acquisition of Beazley in Phase I review

June 17 2026

The authority found limited local market overlap between the merging parties and sufficient competition from multiple specialty insurers.

Large cargo ship with blue upper hull and red bottom balanced on a thick rope, flags of Iran and the United States at each end, conveying geopolitical tension.

Some insurers ease Hormuz rates on US-Iran deal hopes, but pre-war pricing hinges on stability

June 17 2026

Early cuts of up to 40% have surfaced, though pricing stays patchy and a history of broken ceasefires leaves many insurers reluctant to move fast.

australia-disaster-ready-fund-application-deadline-extended-following-severe-weather-events

Allianz Australia launches Event Response Centre to coordinate severe weather recovery

June 17 2026

The centre is designed to fast-track severe weather claims using real-time data and coordinated team responses.

steadfast-to-buy-envests-resilium-psc-connect-ar-networks-for-ausure

Analysts back A$7.7bn Steadfast takeover on valuation and structural rationale

June 17 2026

Strong strategic backing and softer sector valuations are supporting analyst confidence in the Steadfast takeover bid.

White spherical tethered balloon with GENERALI branding in a blue sky next to a glass office building.

Generali launches global academy to support workforce transformation

June 17 2026

The insurer is targeting strategic and technical capability development as part of ‘Lifetime Partner 27’ plan

Liberty banner with a city skyline and a circular portrait of a smiling woman wearing glasses in the center.

Defne Turkes to step up as President of Liberty International Insurance from July

June 16 2026

She will lead strategic growth across commercial insurance internationally as well as retail markets in Asia.

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ICICI Lombard clarifies E20 fuel use not grounds for claim rejection

June 16 2026

India is increasing the use of ethanol-blended petrol as part of efforts to lower crude oil dependence and promote clean energy.

vision-insurance-placements-gains-lloyds-coverholder-status

Descartes gains Lloyd's coverholder status via OAK Global partnership

June 16 2026

The tie-up allows Descartes to scale parametric insurance offerings at Lloyd’s, targeting climate and emerging technology risks.

indian-insurers-hedging-options-increase-as-rbi-allows-bond-forward-trading

India’s central bank eases non-banking financial companies insurance distribution rules

June 16 2026

RBI’s revised framework simplifies entry for NBFCs in insurance distribution while maintaining IRDAI-led approvals and customer protection requirements.

UIB Asia appoints Nguyen Huy Trung, Penghua Lim to senior roles

June 16 2026

Trung joins from Cambodia-Vietnam Insurance PLC; Lim moves from J B Boda & Co.

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