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RACQ apologises to members over mishaps in insurance renewal notices

October 22 2025

On 23 September, ASIC launched proceedings against RACQ regarding more than 570,000 misleading insurance renewal notices.

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Fortitude Re, Carlyle launch US$700m reinsurance sidecar targeting Asian life, annuity markets

October 22 2025

FCA Re brings in global institutional investors including T&D Insurance Group and National Pension Service of Korea.

Global insolvencies expected to peak in 2026 as Asia leads rise: Allianz Trade

October 22 2025

Business insolvencies around the world are expected to rise for a fifth consecutive year, with a 6% increase expected in 2025 and 5% in 2026 before easing slightly by 1% in 2027.

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IOPC Funds approve S$31m in compensation for Marine Honour oil spill

October 22 2025

Claims filed have reached S$72.5m across Singapore and Malaysia following the 2024 oil spill.

Monsoon losses drive US$23.25m in claims for Nepal’s non-life market: NIA

October 21 2025

Insurers in Nepal have received 704 claims linked to early October’s rainfall and landslides, according to the Nepal Insurance Authority.

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Guomin Pension & Insurance to raise up to US$66m in new capital issue

October 21 2025

The Beijing-based insurer plans to introduce up to five new shareholders to strengthen its Tier 1 capital and support continued business growth.

P&I clubs face mixed outlook for 2026 as underwriting pressures, crew shortages top concerns: Marsh

October 21 2025

Most clubs have generally managed recent technical losses due to strong investment income and high surplus funds, Marsh noted.

NorthStandard names Michael Hustler as Head of Asia Pacific

October 21 2025

The veteran underwriter has been with NorthStandard since 2009.

Canara HSBC Life raises US$285m in IPO

October 20 2025

HSBC Life describes the listing as “a significant milestone” in its India growth journey.

Fitch upgrades Construction Guarantee to ‘A+’ amid stronger policy role and solid capital base

October 20 2025

The Korean cooperative’s regulatory capital ratio rose to 231.6% at end-2024, while its return on equity fell to 0.3% amid elevated guarantee claims.

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