Business type

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.

dai-ichi-lifes-15-challenger-stake-targets-australias-retiree-boom

TAL's 15% Challenger stake targets Australia's retiree boom

April 7 2025

Strategic move by Dai-ichi Life's Australian subsidiary signals expansion into country's booming retirement sector.

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.

pacific-life-re-insurtech-underwriteme-names-andrew-doran-as-ceo

Pacific Life Re promotes Andrew Doran to CEO of UnderwriteMe

April 7 2025

Having served as Chief Underwriting Officer from Singapore, Doran moves to the UK to lead reinsurer's insurtech arm.

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.

willis-increases-cyber-facility-capacity-to-us115m-via-lloyds-syndicatesgoodbad

Willis lifts cyber facility capacity to US$115m

April 5 2025

The CyXS facility now offers a US$115m limit via Lloyd's syndicates and US$40m outside the Lloyd's market.

iags-wfi-insurance-donates-us250000-to-aid-western-queensland-flood-relief

WFI Insurance donates A$250,000 to aid Western Queensland flood relief

April 5 2025

IAG subsidiary supports Rural Aid's efforts to deliver immediate assistance to flood-stricken farming communities.

aa-insurance-new-zealand-fined-nz6-175m-due-to-discount-failures

IAG NZ faces FMA civil action over systemic pricing and discount failures

April 4 2025

The regulator alleges IAG breached fair dealing provisions under the FMCA, resulting in overcharges of around NZ$35m (US$20m).

malaysian-pac-to-hold-closed-door-proceedings-on-rising-insurance-premiums-private-healthcare-costs

PAC to deepen probe into Malaysia medical insurance hikes with five more closed-door sessions: Report

April 4 2025

The committee held two public hearings and 12 closed-door sessions involving ministries, regulators, insurers, and hospital groups.

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