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WMO flags high risk of El Niño formation in coming months

June 4 2026

El Niño-linked weather shifts could drive higher claims and volatility across lines such as property, agriculture, and health.

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Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m

June 4 2026

The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base.

LIC eyes strategic investment in fintech to fuel digital expansion

June 4 2026

Following a robust FY2026, LIC moves to modernise its IT systems through targeted investments in fintech and insurtech players.

Victoria drives rise in Australia's motor theft claims as insurance losses hit A$243m

June 4 2026

National theft claims would have fallen 10% in 2025 without Victoria's surge, ICA data shows.

Allianz Trade hires Ricky Hung as Hong Kong head of distribution

June 4 2026

He joins after over nine years at HSBC.

MSAD to cut domestic bases to 240 ahead of 2027 Mitsui SumitomoAioi merger

Mitsui Sumitomo–Aioi merger targets US$1.75bn profit by FY2030

June 4 2026

The merged Mitsui Sumitomo-Aioi Nissay Dowa entity will to lean into cost reduction and scale data capabilities to drive profits.

Aviso Specialty adds three M&A insurance hires as expansion push continues

June 4 2026

Dmitry Yatsenko, Kurt Michl and Peter Gold bring experience across transactional risk, specialty and M&A-related advisory work to the broker's new practice.

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Munich Re appoints Petrovic and Roman to lead cyber units across Asia-Pacific and Africa

June 4 2026

Petrovic starts the role with immediate effect and will relocate to Singapore in August, while Roman will assume her position in July.

FWD names Jeffrey Woo president director of Indonesia business

June 4 2026

He has been with the firm for over five years.

Aon strengthens Indonesia power practice with Herlina Surya hire

June 4 2026

Former Marsh executive joins as strategic advisor for power amid growing infrastructure and energy sector demand.

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