Generated by All in One SEO Pro v4.9.9, this is an llms.txt file, used by LLMs to index the site. # (Re)in Asia Emerging risks • Growth opportunities • APAC insurance ## Sitemaps - [XML Sitemap](https://reinasia.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Aon appoints Jess Kang as APAC head of data and analytics](https://reinasia.com/aon-appoints-jess-kang-as-apac-head-of-data-and-analytics/) - She joins from QBE Asia, where she has worked for over 3 years, most recently serving as head of data, analytics and AI. - [Hong Kong captive insurer count rises to nine with two new approvals](https://reinasia.com/hong-kong-authorises-two-new-captive-insurers-market-count-rises-to-nine/) - New captives from the hospitality and logistics sectors broaden participation by both Hong Kong and Mainland Chinese corporates. - [QBE Australia Pacific CEO Sue Houghton to retire at end-2026](https://reinasia.com/qbe-australia-pacific-ceo-sue-houghton-to-retire-at-end-2026/) - She has been with QBE for more than five years and has a financial services career spanning more than 35 years. - [NeedCover names co-founder Grant Elliott as head of distribution](https://reinasia.com/needcover-names-co-founder-grant-elliott-as-head-of-distribution/) - The former MGA executive joins the newly launched network to lead its broker recruitment drive as it scales its authorised representative model across Australia. - [Singapore plans new corporate structure for insurance to boost alternative risk transfer](https://reinasia.com/singapore-plans-new-corporate-structure-for-insurance-to-boost-alternative-risk-transfer/) - The proposed protected cell company framework could broaden access to captive insurance arrangements and facilitate insurance-linked securities transactions. - [MAS targets captive and ILS market growth with new corporate structure](https://reinasia.com/mas-targets-captive-and-ils-market-growth-with-new-corporate-structure/) - Industry participants say the proposed framework, set to launch by 2028, could reduce costs, improve operational efficiency and support broader adoption of captives and insurance-linked securities. - [APRA finalises reinsurance reforms easing access to alternative risk-transfer solutions](https://reinasia.com/apra-finalises-reinsurance-reforms-easing-access-to-alternative-risk-transfer-solutions/) - The reforms, set to take effect from 1 January 2027, expand the role of Appointed Actuaries and streamline regulatory approvals. - [Tonga's expanded drought policy triggers PCRIC payout after Niua rainfall shortfall](https://reinasia.com/tongas-expanded-drought-policy-triggers-pcric-payout-after-niua-rainfall-shortfall/) - It marks the country's second payout from the regional insurer, and the first under drought cover it added only at this year's renewal. - [Time Machine Underwriters names Shikatani CFO, adds Yamamoto as underwriter](https://reinasia.com/time-machine-underwriters-names-shikatani-cfo-adds-yamamoto-as-underwriter/) - The pair join from Yamap Nature-Insurance and AIG General Insurance respectively, bringing accountancy and legal backgrounds to the W&I specialist - [GSSP backs SEADRIF’s climate risk financing capabilities in Southeast Asia](https://reinasia.com/gssp-backs-seadrifs-climate-risk-financing-capabilities-in-southeast-asia/) - The initiative aims to help SEADRIF member countries develop locally relevant disaster risk financing approaches. - [Sompo taps Maureen Ung as APAC commercial distribution director](https://reinasia.com/sompo-taps-maureen-ung-as-apac-commercial-distribution-director/) - Ung moves from Everest to drive Singapore retail and wholesale distribution, key client management and regional broker development at Sompo. - [Prudential Singapore appoints Manu Tandon as chief health and protection officer](https://reinasia.com/prudential-singapore-appoints-manu-tandon-as-chief-health-and-protection-officer/) - The former HSBC chief health officer brings more than two decades of experience in health, protection and employee benefits across Asia. - [Scrapping NSW's insurance-based emergency levy would deliver A$460m in annual welfare gains — ICA](https://reinasia.com/scrapping-nsws-insurance-based-emergency-levy-would-deliver-a460m-in-annual-welfare-gains-ica/) - A shift to a broad-based property charge would lower costs for most households and businesses while expanding insurance uptake, the industry body said. - [Malaysia to begin MediAsas health insurance pilot by end-July](https://reinasia.com/malaysia-to-begin-mediasas-health-insurance-pilot-by-end-july/) - The base MHIT plan is expected to be rolled out nationwide in January 2027 following the Klang Valley pilot. - [Howden expands Hong Kong team with four senior appointments](https://reinasia.com/howden-expands-hong-kong-team-with-four-senior-appointments/) - Eugene Wong, Kyle Ng, Alan Sze and Jason Lam join the broker to strengthen its employee benefits, multinational clients and financial lines capabilities in the region. - [ICICI Prudential Life set for name change as Prudential prepares to reduce stake](https://reinasia.com/icici-prudential-life-set-for-name-change-as-prudential-prepares-to-reduce-stake/) - Prudential's planned Bharti Life acquisition is prompting changes to its ownership and governance arrangement at ICICI Prudential Life. - [Aon appoints Matthew Chae as Korea growth leader for life and health reinsurance](https://reinasia.com/aon-appoints-matthew-chae-as-korea-growth-leader-for-life-and-health-reinsurance/) - He joins from TAL Australia, where most recently served as head of actuarial for Project Chrysalis. - [India announces plan for cooperative life insurance company](https://reinasia.com/india-announces-plan-for-cooperative-life-insurance-company/) - Home minister Amit Shah said the venture would build on IFFCO's existing joint venture with Tokio Marine to widen the cooperative sector's role in insurance. - [Korea's FSS hands non-dispute complaints to insurance associations](https://reinasia.com/korea-insurance-groups-to-handle-some-non-dispute-complaints/) - Motor accident fault-ratio complaints will be the first cases transferred under the new complaint-handling process. - [Japan's FSA finalises tighter rules on asset-intensive reinsurance](https://reinasia.com/japans-fsa-finalises-tighter-rules-on-asset-intensive-reinsurance/) - Insurers face broader expectations on stress testing, collateral quality, recapture planning and reinsurer due diligence under the revised guidelines, which apply from July 1. - [CEO Forum 2026: Risks outpacing growth in Asia-Pacific | Guy Carpenter](https://reinasia.com/ceo-forum-2026-risks-outpacing-growth-in-asia-pacific/) - Asia-Pacific remains one of the world’s most promising regions for economic growth and innovation. As businesses pursue that opportunity, however, the region’s risk landscape is becoming more volatile, interconnected, and underinsured. At Guy Carpenter’s CEO Forum 2026 in Hong Kong, a clear message emerged: the Asia-Pacific growth story remains strong, but risks are evolving faster - [ACCC reviews Allianz plan to acquire nib's travel insurance business](https://reinasia.com/accc-invites-comments-on-allianz-plan-to-acquire-nibs-travel-insurance-business/) - Industry participants have until 10 July to comment on the potential competitive effects of nib's travel insurance business takeover. - [Aviso Specialty taps Kerin Rathgeber to lead trade credit practice](https://reinasia.com/aviso-specialty-taps-kerin-rathgeber-to-lead-trade-credit-practice/) - The Melbourne-based executive brings nearly three decades of experience across trade credit underwriting, broking and client advisory. - [Chubb Life appoints Kishore Motwani as head of operations](https://reinasia.com/chubb-life-appoints-kishore-motwani-as-head-of-operations/) - He joins from Citi, ending a 15-year tenure marked by multiple senior leadership roles. - [Ritesh Shah joins Niyam Group as engineering and construction director](https://reinasia.com/ritesh-shah-joins-niyam-group-as-engineering-and-construction-director/) - He moves to the company following 14 years with Swiss Re in Mumbai. - [ICICI Bank, Prudential agree on governance changes amid Bharti Life transaction](https://reinasia.com/icici-bank-prudential-agree-on-governance-changes-amid-bharti-life-transaction/) - The agreement addresses potential conflict-of-interest concerns while Prudential pursues its acquisition of a controlling stake in Bharti Life Insurance. - [Australian researchers say public-private risk sharing key to sustaining disaster insurance](https://reinasia.com/australian-researchers-say-public-private-risk-sharing-key-to-sustaining-disaster-insurance/) - Researchers say insurers, reinsurers and governments must balance competing trade-offs around risk sharing, pricing and mitigation to sustain disaster coverage. - [SBI Life, IIT Bombay to build AI & cyber defence hub for insurance](https://reinasia.com/sbi-life-iit-bombay-to-build-ai-cyber-defence-hub-for-insurance/) - The hub will prioritise safeguarding customer data as rapid digitisation creates an influx of sensitive user information. - [Suncorp places FY2027 catastrophe cover, flags higher reinsurance costs](https://reinasia.com/suncorp-places-fy27-cat-programme-sees-reinsurance-costs-rising/) - Suncorp said its combined catastrophe and aggregate reinsurance programme is expected to limit FY2027 natural hazard costs in around 90% of scenarios. - [Thin data, soft rates push Asia cyber underwriters further beyond traditional loss history](https://reinasia.com/thin-data-soft-rates-push-asia-cyber-underwriters-further-beyond-traditional-loss-history/) - Panelists at ITC Asia said internal case taxonomies and controls, such as MFA and EDR, offer signals where regional loss records fall short. - [Insurers should design for life stages, not products, executives say at ITC Asia](https://reinasia.com/insurers-should-design-for-life-stages-not-products-executives-say-at-itc-asia/) - Rising medical inflation and ageing populations are forcing life and health insurers to shift from product distribution to life-stage design and value generation. - [Australia proposes sweeping overhaul of private health insurance system](https://reinasia.com/australia-proposes-sweeping-overhaul-of-private-health-insurance-system/) - A new consultation outlines changes to how PHI products are structured and funded, with feedback invited before reforms are finalised. - [Parametric heat insurance triggers payouts for over 39,000 women workers in India](https://reinasia.com/parametric-heat-insurance-triggers-payouts-for-over-39000-women-workers-in-india/) - A total of ₹2.06m (US$21,700) was paid to insured women workers across Gujarat and Delhi. - [Kunihiko Iinuma named CEO of Agam Capital Japan](https://reinasia.com/kunihiko-iinuma-named-ceo-of-agam-capital-japan/) - The former Howden Re Japan President will lead Agam Capital's expansion in Japan's life insurance and retirement markets. - [Insurers turn to tech-enabled prevention as climate losses climb](https://reinasia.com/insurers-shift-from-risk-transfer-to-tech-enabled-prevention-as-climate-threats-grow/) - Speakers at ITC Asia set out how AI, satellite imagery and transition finance are reshaping underwriting, claims and investment across Asia Pacific. - [Insurers urged to rethink the 'last mile' as trust becomes key to personalisation ](https://reinasia.com/insurers-urged-to-rethink-the-last-mile-as-trust-becomes-key-to-personalisation/) - Executives at ITC Asia said insurers should make data collection a visible value exchange while simplifying disclosure, reducing friction and improving customer experience. - [The AI transformation is reaching its limit, insurance executives warn at ITC Asia](https://reinasia.com/the-ai-transformation-is-reaching-its-limit-insurance-executives-warn-at-itc-asia/) - AI progress in insurance is being slowed less by the technology itself than by legacy systems, unresolved accountability questions and procurement cycles that can't keep pace, executives warned - [India extends surety bond option to coal sector](https://reinasia.com/india-extends-surety-bond-option-to-coal-sector/) - For now, the facility applies only to coal blocks allocated under the MMDR Act. - [IRDAI commissions study of insurance ‘dark patterns’](https://reinasia.com/irdai-commissions-study-of-insurance-dark-patterns/) - The exercise will monitor customer-facing practices across the industry over nine months as regulators intensify scrutiny of digital distribution channels. - [Delta New Zealand appoints Brett Wainhouse as head of distribution](https://reinasia.com/delta-new-zealand-appoints-brett-wainhouse-as-head-of-distribution/) - Wainhouse brings nearly three decades of insurance experience across New Zealand, Australia and the UK. - [SAP promotes Verena Siow to regional president, Asia Pacific](https://reinasia.com/sap-promotes-verena-siow-to-regional-president-asia-pacific/) - Siow has been with SAP for around 15 years and most recently led the company’s business suite operations in APAC. - [Lockton taps Alberto Ferriolo as Asia marine and transportation growth leader](https://reinasia.com/lockton-taps-alberto-ferriolo-as-asia-marine-and-transportation-growth-leader/) - He joins from Miller, bringing over nine years of experience in cargo insurance, logistics and commodity trade. - [Hong Kong insurers deepen AI push as regulator adds three to cohort programme](https://reinasia.com/hong-kong-insurers-deepen-ai-push-as-regulator-adds-three-to-cohort-programme/) - The AI Cohort Symposium 2026 saw first-batch participants report gains across underwriting, claims and customer service, while newcomers Manulife, BOC Life and China Life unveiled new plans. - [Insurers compete on execution over strategy as AI-powered challengers catch up](https://reinasia.com/insurers-bet-on-execution-over-strategy-as-ai-powered-challengers-catch-up/) - Executives at ITC Asia in Singapore said product cycles of 12 to 18 months are becoming unviable as challengers close capability gaps in months. - [Zurich enters Australian home insurance market through expanded Honey partnership](https://reinasia.com/zurich-enters-australian-home-insurance-market-through-expanded-honey-partnership/) - The insurer will underwrite and manage claims for Honey's home, landlord, and motor policies from October 2026. - [QBE gains full ownership of Indian JV after IRDAI approval](https://reinasia.com/qbe-gains-full-ownership-of-indian-jv-after-irdai-approval/) - The acquisition ends an 18-year joint venture with Prism Johnson and gives the Australian insurer full control of its India business. - [Prudential-HCL venture becomes India's eighth standalone health insurer after IRDAI approval](https://reinasia.com/prudential-hcl-venture-becomes-indias-eighth-standalone-health-insurer-after-irdai-approval/) - The approval marks the regulator's third insurance licence this year and expands Prudential's presence in India's insurance market. - [RBI flags underwriting strain in general insurance, rise in life policy surrenders](https://reinasia.com/rbi-flags-underwriting-strain-in-general-insurance-rise-in-life-policy-surrenders/) - The central bank says these trends are weighing on insurers' profitability and could leave parts of the sector more vulnerable to future shocks. - [ANZ insurer consolidation drives further reinsurance price cuts: Aon](https://reinasia.com/anz-insurer-consolidation-drives-further-reinsurance-price-cuts-aon/) - The broker said reinsurers increasingly offered customised and multi-year solutions as competition intensified. - [InsuranceDekho launches corporate arm in India led by Ranjeet Singh](https://reinasia.com/insurancedekho-launches-corporate-arm-in-india-led-by-ranjeet-singh/) - The new platform will use a technology-led approach for coverage gap assessment and claims analytics. - [Malaysia's PNB appoints Rizal Rickman as President and Group CEO](https://reinasia.com/malaysias-pnb-appoints-rizal-rickman-as-president-and-group-ceo/) - The leadership transition at MNRB Holdings Berhad's largest shareholder places Rizal Rickman at the helm of PNB. - [McLarens appoints Lam Choy Heng as Managing Director for Malaysia](https://reinasia.com/mclarens-appoints-lam-choy-heng-as-managing-director-for-malaysia/) - The move forms part of McLarens' broader strategy to strengthen local leadership and expand its presence in Southeast Asia. - [Political violence insurance: Asian companies seek stability in multinational solutions | AXA XL](https://reinasia.com/political-violence-insurance-asian-companies-seek-stability-in-multinational-solutions/) - Carrie Huang Underwriting Manager, Crisis Management & Special Risks, Asia at AXA XL A growing number of Asian companies are exploring multinational insurance solutions for political violence risks as they expand internationally at a time of geopolitical instability. From US tariffs to the disruptive conflict in the Persian Gulf, geopolitical instability is now front and - [Coface appoints Ivor Miric as APAC debt collection sales head](https://reinasia.com/coface-appoints-ivor-miric-as-apac-debt-collection-sales-head/) - He joins from Atracius Collections, where he has worked for over 12 years, most recently as collections manager for MEA and India. - [QBE expands Evariste Yeung's remit to cover motor, A&H and householder across Asia](https://reinasia.com/qbe-expands-evariste-yeungs-remit-to-cover-motor-ah-and-householder-across-asia/) - The promotion expands Yeung's remit to include householder insurance alongside his existing regional motor responsibilities. - [Singapore GI market flat in Q1 2026 as claims fall and underwriting results hold steady](https://reinasia.com/singapore-general-insurance-market-flat-in-q1-2026-as-claims-fall-and-underwriting-results-hold-steady/) - Direct premiums slipped 0.4%, with onshore credit, aviation hull leading premium growth, while offshore property and cargo dragged. - [Heather Loewenthal named independent chair of general insurance code committee](https://reinasia.com/heather-loewenthal-named-independent-chair-of-general-insurance-code-committee/) - She took up the three-year role as of 1 July, succeeding Veronique Ingram. - [Japan's Aflac Life faces FSA scrutiny following 4.38 million-customer data breach](https://reinasia.com/japan-fsa-orders-aflac-to-report-on-4-38m-customer-data-breach/) - The insurer said it will continue investigating the incident and report to the FSA on the facts of the case - [Markel appoints Sjoerd Blomsma into newly created marine risk engineer role in Singapore](https://reinasia.com/markel-appoints-sjoerd-blomsma-into-newly-created-marine-risk-engineer-role-in-singapore/) - Reporting to Wanshi Lin, the qualified marine engineer will provide engineering-led insights to underwriting and claims teams across the region. - [Berjaya Sompo names Michelle Siow head of consumer insights & product strategy](https://reinasia.com/berjaya-sompo-names-michelle-siow-head-of-consumer-insights-product-strategy/) - Her experience includes marketing and communication roles at Maybank and AIG, as well as a brief period at EBC Financial Group. - [APAC insurers see AI efficiency gains, but ROI remains hard to prove](https://reinasia.com/apac-insurers-see-ai-efficiency-gains-but-roi-remains-hard-to-prove/) - AI’s payback period may be longer than expected, as costs, timelines and benefits remain difficult to separate and quantify, industry experts said at ITC Asia. - [New GIAJ chairman Ishikawa emphasises reform execution amid rising risks](https://reinasia.com/new-giaj-chairman-ishikawa-emphasises-reform-execution-amid-rising-risks/) - The leadership transition comes as cyber, climate and inflation risks test Japanese insurers’ operating models. - [Global cyber protection gap to quadruple by 2030 as climate, longevity risks mount](https://reinasia.com/global-cyber-protection-gap-to-quadruple-by-2030-as-climate-longevity-risks-mount/) - Insurers will need to adopt AI, geospatial tools and specialist partnerships as conventional underwriting models struggle to keep pace with fast-evolving risks, says Japan's NTT Data. - [Awa Ketty-Camara steps into Asia multinational role at Allianz Commercial](https://reinasia.com/awa-ketty-camara-steps-into-asia-multinational-role-at-allianz-commercial/) - The promotion widens her remit from Singapore, Korea and India to the wider Asia region. - [Tune Protect Malaysia appoints Louise Lee as CEO](https://reinasia.com/insurtech-tune-protect-malaysia-appoints-louise-lee-as-ceo/) - Lee joins from Chubb, where she led the consumer lines business. - [Bima Sugam to roll out first insurance products by September-end](https://reinasia.com/bima-sugam-to-roll-out-first-insurance-products-by-september-end/) - Motor, health and term cover will lead the digital marketplace's phased launch, which insurers are racing to connect to after technology delays. - [Coface names Vy Le as Vietnam country manager](https://reinasia.com/coface-names-vy-le-as-vietnam-country-manager/) - She joins after eight years with HSBC, where she most recently served as country head of sales for global trade and receivable finance in Vietnam. - [Marsh HK secures interim injunction against former executives in Howden dispute](https://reinasia.com/marsh-hk-secures-interim-injunction-against-former-executives-in-howden-dispute/) - The ruling marks a preliminary step forward for Marsh's claims over alleged confidentiality breaches against former executives who joined Howden. - [Returning Asian and London capacity adds to ANZ reinsurance oversupply at 1.7 — Gallagher Re](https://reinasia.com/returning-asian-and-london-reinsurers-drive-down-anz-cat-rates-at-1-7-renewals-gallagher-re/) - Cat rates on loss-free programmes fell 12.5% to 17.5% in Australia and New Zealand, with pro rata ceding commissions rising by up to 5%. - [Aviva names Jill Stewart head of Australia for Probitas Pacific](https://reinasia.com/aviva-names-jill-stewart-head-of-australia-for-probitas-pacific/) - Aviva has appointed Jill Stewart as head of Australia for Probitas Pacific, following Max Broodryk's decision to leave the business, the insurer said on Wednesday. Broodryk, currently country manager for Probitas Pacific, will stay until 1 Sep 2026 to support a transition for brokers and clients. Stewart most recently led Willis Towers Watson's Australasia FINEX - [Specialist Risk Group acquires Superian Insurance to strengthen presence in APAC, Middle East](https://reinasia.com/specialist-risk-group-acquires-superian-insurance-to-strengthen-presence-in-apac-middle-east/) - The deal strengthens SRG’s position in specialty risk distribution, particularly across healthcare and liability lines. - [Apollo Global's Athene appoints Larik Hall as Head of Japan](https://reinasia.com/apollo-globals-athene-appoints-larik-hall-as-head-of-japan/) - The appointment signals Athene’s intent to build out its Japan operations as part of a broader international expansion strategy. - [ARPC urges greater catastrophe pooling as climate risks intensify across Asia](https://reinasia.com/arpc-urges-greater-catastrophe-pooling-as-climate-risks-intensify-across-asia/) - ARPC underscores the importance of government-backed pools and regional data sharing in sustaining catastrophe insurance affordability. - [Puriantoh Supu returns to Berjaya Sompo as head of property, engineering and energy](https://reinasia.com/puriantoh-supu-returns-to-berjaya-sompo-as-head-of-property-engineering-and-energy/) - He most recently served as head of commercial lines underwriting at Generali Malaysia. - [Budi Darmawan steps in as Sun Life Vietnam’s chief agency officer](https://reinasia.com/budi-darmawan-steps-in-as-sun-life-vietnams-chief-agency-officer/) - He brings over 25 years of leadership experience in the life insurance industry. - [Australian broker code body refers two firms to ASIC over strata insurance conflict concerns](https://reinasia.com/australian-broker-code-body-refers-two-firms-to-asic-over-strata-insurance-conflict-concerns/) - The review examined seven brokers that collectively operate with 1,088 representatives in strata management. - [HDI Global names Yibo Mo as liability underwriter in Hong Kong](https://reinasia.com/hdi-global-names-yibo-mo-as-liability-underwriter-in-hong-kong/) - He joins the branch with experience in liability underwriting and international facultative business. - [India to outpace global peers with 10.5% annual premium growth through 2036: Allianz](https://reinasia.com/india-to-outpace-global-peers-with-10-5-annual-premium-growth-through-2036-allianz/) - Despite low penetration and high out-of-pocket healthcare costs, India’s insurance market is poised for sustained double-digit growth across life, non-life and health segments, says Allianz. - [AIG Japan names Koki Umeda vice chairman](https://reinasia.com/aig-japan-names-koki-umeda-vice-chairman/) - He succeeds Hirofumi Shimoyama, who will move into the role of senior advisor. - [Chubb, AIA Singapore partner to expand access to general insurance offering](https://reinasia.com/chubb-aia-singapore-partner-to-expand-access-to-general-insurance-offering/) - The move combines AIA's distribution network with Chubb's underwriting expertise and product portfolio in the country. - [VIG Re gets green light for Singapore base](https://reinasia.com/vig-re-gets-green-light-for-singapore-base/) - Swiss Re veteran Wilfrid Goh will lead the office as the reinsurer pushes deeper into Asia under its VIGRe28 strategy. - [ANZ cedents secure up to 15% rate cuts at 1.7 — Howden Re](https://reinasia.com/anz-cedents-secure-up-to-15-reinsurance-rate-cuts-amid-soft-market-howden-re/) - Ample capacity and reinsurer appetite enabled buyers to secure improved pricing and programme structures at July renewals. - [Japan's Aflac Life confirms data breach exposing information of 4.38m customers](https://reinasia.com/japans-aflac-life-confirms-data-breach-exposing-information-of-4-38m-customers/) - The insurer has suspended affected online services and alerted authorities after unauthorised access continued over a 10-day period. - [Regulatory scrutiny, shareholder objections delay Woori's Tongyang Life delisting plan — report](https://reinasia.com/regulatory-scrutiny-shareholder-objections-delay-wooris-tongyang-life-delisting-plan-report/) - Regulatory scrutiny and minority shareholder opposition are raising questions over valuation and deal fairness. - [Igloo expands Thailand push with Eazy Digital acquisition](https://reinasia.com/igloo-expands-thailand-push-with-eazy-digital-acquisition/) - The acquisition is the insurtech's second in Thailand, following a joint venture with JMT network Services in 2025. - [Howden targets off-contract healthcare gap with new cover for seafarers and families](https://reinasia.com/howden-targets-off-contract-healthcare-gap-with-new-cover-for-seafarers-and-families/) - The product offers hospitalisation cover as a base product and is designed for shipping companies to purchase on behalf of seafarers. - [APAC property catastrophe rates fall 19% at 1/7 renewals as capacity stays ample — Guy Carpenter](https://reinasia.com/apac-property-catastrophe-rates-fall-19-at-1-7-renewals-as-capacity-stays-ample-guy-carpenter/) - Cedents are diversifying panels and turning to catastrophe bonds, parametric covers and sidecars as soft conditions hand them the upper hand. - [Data centres, supply-chain shifts drive APAC demand for multinational insurance programmes](https://reinasia.com/data-centres-supply-chain-shifts-drive-apac-demand-for-multinational-insurance-programmes/) - As demand for multinational programmes grows, insurers say compliance and execution will define programme success. - [Niyam Group adds J.C. Flowers executives Porte, Cox to board](https://reinasia.com/niyam-group-adds-j-c-flowers-executives-porte-cox-to-board/) - Appointments reflect deeper J.C. Flowers backing and a shared strategy to build a reinsurer focused on India and other high-growth markets. - [Prudential, South East CDC roll out financial literacy programme for 3,000 Singaporean children](https://reinasia.com/prudential-south-east-cdc-roll-out-financial-literacy-programme-for-3000-singaporean-children/) - Initiative expands focus beyond financial literacy to include health and climate awareness in Singapore. - [WTW hires former Baker McKenzie lawyer Thara Ing for Asia M&A team](https://reinasia.com/wtw-hires-former-baker-mckenzie-lawyer-thara-ing-for-asia-ma-team/) - The broker has strengthened its regional M&A team amid rising demand for transactional risk solutions across Asia. - [Lockton partners with CPA Australia to expand risk advisory offering in Asia](https://reinasia.com/lockton-partners-with-cpa-australia-to-expand-risk-advisory-offering-in-asia/) - The collaboration will include a joint platform for executive roundtables, industry forums and thematic seminars covering risk management, human capital and financial strategy. - [Chris Pickering steps into WA property leader role at Crawford Australia](https://reinasia.com/chris-pickering-steps-into-wa-property-leader-role-at-crawford-australia/) - He joins from Sedgwick with 26 years of experience across property claims, loss adjusting and assessing. - [Shinhan Financial weighs Lotte Non-Life acquisition as price talks intensify – Reports](https://reinasia.com/shinhan-financial-weighs-lotte-non-life-acquisition-as-price-talks-intensify-reports/) - Price negotiations remain a key hurdle as South Korea's largest financial groups line up for the sale of the mid-sized insurer, with Shinhan seen as the frontrunner. - [Marsh Risk names Gabe Money as risk consulting leader in New Zealand](https://reinasia.com/marsh-risk-names-gabe-money-as-risk-consulting-leader-in-new-zealand/) - He has been with the firm since 2022. - [QBE names new COO and data head for Asia](https://reinasia.com/qbe-names-new-coo-and-data-head-for-asia/) - The insurer has turned to former bolttech executive Patrick Karlowski and data specialist Florence Chan, with both based in Hong Kong. - [LIC announces CFO resignation; names Jayasimhan Tirumala for compliance chief role](https://reinasia.com/lic-announces-cfo-resignation-names-jayasimhan-tirumala-for-compliance-chief-role/) - Agrawal will step down on 14 July, while Tirumala’s appointment is subject to IRDAI approval. - [KIRI urges insurers to strengthen IFRS 17 disclosures as reliance on regulatory filings grows](https://reinasia.com/kiri-urges-insurers-to-strengthen-ifrs-17-disclosures-as-reliance-on-regulatory-filings-grows/) - The institute says more granular reporting is needed to help users compare liability changes, CSM movements and claims experience. - [China’s NFRA sets tighter AI rules for insurers, banks](https://reinasia.com/chinas-nfra-sets-tighter-ai-rules-for-insurers-and-banks/) - High-risk uses, including underwriting and claims, will face stricter oversight, human review and privacy safeguards. - [China claims pressure eases further in April as premium growth moderates](https://reinasia.com/china-claims-pressure-eases-further-in-april-as-premium-growth-moderates/) - Life claims declined sharply by more than 12%, while non-life payouts stabilised, highlighting diverging underwriting conditions across segments. - [Asian life insurers reshape portfolios as assets set to hit $15 trillion by 2030 - Bloomberg](https://reinasia.com/asian-life-insurers-reshape-portfolios-as-assets-set-to-hit-15-trillion-by-2030-bloomberg/) - Strong demand for wealth, retirement and legacy products, paired with changing capital regimes are pushing Asian life insurers toward equities and alternative assets as industry investments surge. - [Swiss Re launches new group broker management practice led by Matthias Meyenhofer](https://reinasia.com/swiss-re-launches-new-group-broker-management-practice-led-by-matthias-meyenhofer/) - The centralised unit will unify intermediary relationships across the global reinsurer’s P&C, Corporate Solutions, and Life & Health divisions. - [Coverage gap widens as cyber threat targets Asia's manufacturers – TMK](https://reinasia.com/coverage-gap-widens-as-cyber-threat-targets-asias-manufacturers-tmk/) - Traditional property and cyber policies may leave APAC manufacturers exposed when cyber-attacks disrupt physical operations, the insurer warns. - [Japan's non-life insurers face lower share-sale gains, but underwriting remains strong – Fitch](https://reinasia.com/japans-non-life-insurers-face-lower-share-sale-gains-but-underwriting-remains-strong-fitch/) - The country's three major non-life groups remain well capitalised after FYE26 earnings were supported by divestment proceeds and better pricing in domestic motor and property lines. - [Philippines' Insurance Commission calls for stronger climate resilience as catastrophe risks intensify](https://reinasia.com/philippines-insurance-commission-calls-for-stronger-climate-resilience-as-catastrophe-risks-intensify/) - Insurance Commissioner Regalado said insurers need to adjust underwriting, pricing, reserving and capital management to better reflect future climate-related risks. - [Participating policies gain favour among Chinese P&C insurers as low-yield pressures mount](https://reinasia.com/participating-policies-gain-favour-among-chinese-pc-insurers-as-low-yield-pressures-mount/) - Insurers across China, Taiwan and South Korea are bolstering capital buffers and refining investment strategies as low rates and volatility strain traditional earnings models. - [Insurtech Federato expands into APAC, appoints Roland Slee to lead regional operations](https://reinasia.com/insurtech-federato-expands-into-apac-appoints-roland-slee-to-lead-regional-operations/) - The company is entering the market with its AI-native insurance platform, which is used by Fortune 100 insurers in the U.S. - [Yield squeeze pushes Chinese insurers into riskier assets, lifts volatility risk - S&P](https://reinasia.com/yield-squeeze-pushes-chinese-insurers-into-riskier-assets-lifts-volatility-risk-sp/) - With alternative investment yields fading and bond returns under pressure, insurers are reshaping portfolios and leaning on capital markets, increasing vulnerability to earnings shocks. - [PSC acquires MA Insurance Brokers to grow transport capability](https://reinasia.com/psc-acquires-ma-insurance-brokers-to-grow-transport-capability/) - Operations of the combined entity will be led by Barry Mathison and Mariann Illyes. - [Targeted climate resilience investment could cut renewable losses by US$28bn in India – Zurich Kotak](https://reinasia.com/targeted-climate-resilience-investment-could-cut-renewable-losses-by-us28bn-in-india-zurich-kotak/) - Quantifying resilience benefits may unlock capital while reducing climate-driven losses, the insurer said. - [Liberty APAC underwriting head Michael Abdallah to retire after 27 years](https://reinasia.com/liberty-apac-underwriting-head-michael-abdallah-to-retire-after-27-years/) - Marcus Thomas will succeed him as chief underwriting officer for Asia Pacific, effective 1 July. - [Aon names Chin Fong Teh as chief of staff for APAC Reinsurance](https://reinasia.com/aon-names-chin-fong-teh-as-chief-of-staff-for-apac-reinsurance/) - Teh brings around two decades of experience in reinsurance operations and regional leadership across APAC. - [Manulife Hong Kong & Macau appoints Lilian Ng as independent non-executive director](https://reinasia.com/manulife-hong-kong-macau-appoints-lilian-ng-as-independent-non-executive-director/) - Ng brings more than three decades of experience across life and health insurance, having held senior roles at Prudential. - [HKMA caps upfront commissions for banks selling par life policies](https://reinasia.com/hkma-extends-ia-limits-on-upfront-commissions-to-bancassurance-channel/) - The move extends the Insurance Authority's remuneration framework to the bancassurance channel, requiring banks to spread the bulk of their commissions over at least five years. - [Australia's cyclone reinsurance pool cut premiums but affordability pressures persist — ACCC](https://reinasia.com/australias-cyclone-reinsurance-pool-cut-premiums-but-affordability-pressures-persist-accc/) - Premium relief has been concentrated in northern Australia, while prices continue to rise across the rest of the country. - [China Life insurers bet big on participating products to shore up margins - Fitch](https://reinasia.com/china-life-insurers-bet-big-on-participating-products-to-shore-up-margins-fitch/) - A prolonged low-rate environment is forcing Chinese insurers to rethink product design, with participating policies emerging as a core strategic and credit-supportive pillar. - [IUMI sees path to Hormuz stability after Iran-US deal](https://reinasia.com/iumi-sees-path-to-hormuz-stability-after-iran-us-deal/) - IUMI emphasised the importance of ensuring safe and orderly vessel movements as shipping routes stabilise. - [Zhonglu P&C to slow growth after rapid expansion narrows capital buffer — Fitch](https://reinasia.com/zhonglu-pc-to-slow-growth-after-rapid-expansion-narrows-capital-buffer-fitch/) - The ratings agency affirmed the firm's Insurer Financial Strength Rating at ‘BBB’ with a stable outlook. - [LIC India's Dinesh Pant joins IRDAI as whole-time member](https://reinasia.com/lic-indias-dinesh-pant-joins-irdai-as-whole-time-member/) - A seasoned professional with over 35 years of insurance experience, Pant will serve the regulator for five years. - [GIC Re to rebalance overseas portfolio amid climate risks, expand international business](https://reinasia.com/gic-re-to-rebalance-overseas-portfolio-amid-climate-risks-expand-international-business/) - The reinsurer plans to reduce reliance on overseas property and catastrophe business while expanding its international footprint. - [ICA says NSW budget proves case for emergency levy reform](https://reinasia.com/ica-says-nsw-budget-strengthens-case-for-emergency-levy-reform/) - The Insurance Council of Australia says insurance customers are projected to contribute more through the Emergency Services Levy than previously forecast, as consultation on reform continues. - [AM Best holds stable outlook on Japan non-life as rate rises lift yields](https://reinasia.com/am-best-holds-stable-outlook-on-japan-non-life-as-rate-rises-lift-yields/) - Higher interest rates, J-ICS implementation and improved fire insurance profitability underpin the segment's stability. - [ICA opens consultation on code overhaul to bind commitments to consumer contracts](https://reinasia.com/ica-opens-consultation-on-code-overhaul-to-bind-commitments-to-consumer-contracts/) - The proposed code would introduce contractually enforceable obligations, automatic acceptance of certain claims after 12 months, and expanded protections for vulnerable customers. - [Frontier AI is accelerating quantum computing and cyber threats for insurers, APRA warns](https://reinasia.com/frontier-ai-is-accelerating-quantum-computing-and-cyber-threats-for-insurers-apra-warns/) - Rapid AI adoption is reshaping cyber and operational risk, with insurers exposed to concentration and quantum threats. - [Markel names Henry Ang as head of terrorism, Singapore](https://reinasia.com/markel-names-henry-ang-as-head-of-terrorism-singapore/) - The Everest hire will lead growth of the specialty insurer's political violence and terrorism portfolio across Asia Pacific. - [HDI Global hires Amiel Poonan as property underwriter in Brisbane](https://reinasia.com/hdi-global-hires-amiel-poonan-as-property-underwriter-in-brisbane/) - He joins the insurer after four years in broking, focusing on mid-market property and casualty risks. - [Howden Re adds three managing directors to build out China and APAC business](https://reinasia.com/howden-re-adds-three-managing-directors-to-build-out-china-and-apac-business/) - Houqin Zhu, Mike Xin and David Song arrive from Aon Re, Gallagher Re and Guy Carpenter respectively, all based in Hong Kong. - [Soft market masks rising risks in Asia’s D&O sector](https://reinasia.com/soft-market-masks-rising-risks-in-asias-d-and-o-sector/) - Experts say that a correction may start to become apparent over the next 12 months. - [India's GI premiums grow 9% in May as fire weakness persists](https://reinasia.com/indias-gi-premiums-grow-9-in-may-as-fire-weakness-persists/) - A fifth straight decline in fire premiums was offset by growth in health and motor, alongside sharp gains in aviation, marine and personal accident. - [Geopolitics reshapes maritime risk as shipping enters ‘new equilibrium’ – Allianz](https://reinasia.com/geopolitics-reshapes-maritime-risk-as-shipping-enters-new-equilibrium-allianz/) - Geopolitical disruption is increasing volatility in marine risk, despite a year-on-year decline in shipping incident - [Howden names Supaporn Chanin as director, power and energy for Thailand](https://reinasia.com/howden-names-supaporn-chanin-as-director-power-and-energy-for-thailand/) - She brings more than 28 years of experience in insurance and risk management across local and international brokers. - [BMS opens Mumbai capability centre to scale data, analytics and AI capabilities](https://reinasia.com/bms-opens-mumbai-capability-centre-to-scale-data-analytics-and-ai-capabilities/) - The new Global Capability Centre is being led by Nipun Mapara as managing director, with Sanjeev Poojari serving as head of operations. - [Gallagher Re names Minesh Jani as India CEO](https://reinasia.com/gallagher-re-names-minesh-jani-as-india-ceo/) - He joins from Howden, where he most recently served as managing director for its DIFC branch. - [India moves closer to domestic P&I club as IFSCA consults on framework](https://reinasia.com/india-moves-closer-to-domestic-pi-club-as-ifsca-consults-on-framework/) - The draft outlines a new regime to support marine liability insurance and mutual structures in the IFSC. - [Insurtech Sapiens appoints Krish Datta as EVP for APAC](https://reinasia.com/insurtech-sapiens-appoints-krish-datta-as-evp-for-apac/) - The appointment comes as the insurtech firm accelerates growth in Asia Pacific alongside expanding AI initiatives. - [NSW government presses ahead with Emergency Services Levy reform through new parliamentary inquiry](https://reinasia.com/nsw-government-presses-ahead-with-emergency-services-levy-reform-through-new-parliamentary-inquiry/) - Proposed changes aim to address insurance affordability and align NSW with other mainland states’ funding models for emergency services. - [Willis promotes Daniel Choi to lead FINEX business in Malaysia](https://reinasia.com/willis-promotes-daniel-choi-to-lead-finex-business-in-malaysia/) - He has held senior roles at BIB Insurance Brokers and Jardine Lloyd Thompson Malaysia. - [Quantum computing could unlock APAC pricing advantage](https://reinasia.com/quantum-computing-could-unlock-apac-pricing-advantage/) - Actuaries are examining how quantum error correction breakthroughs could sharpen nat cat models and parametric pricing, though the technology would bring new risks. - [IRDAI proposes tighter disclosure norms for intermediaries earning over US$1.05m in commissions](https://reinasia.com/irdai-proposes-tighter-disclosure-norms-for-intermediaries-earning-over-us1-05m-in-commissions/) - The proposed amendments seek greater transparency and tighter oversight of sales practices for insurance intermediaries. - [Lloyd's taps ICICI Lombard as India partner for multinational programmes](https://reinasia.com/lloyds-partners-with-icici-lombard-for-multinational-programmes-in-india/) - The partnership enables ICICI Lombard to issue local policies on behalf of Lloyd’s managing agents for selected lines of business. - [Japanese insurers sell superlong government bonds as yields surge - Report](https://reinasia.com/japanese-insurers-sell-superlong-government-bonds-as-yields-surge-report/) - Rising yields and market volatility are prompting insurers to pare exposure to long-dated Japanese government bonds. - [Howden India hires Deepti Sharma as growth leader for sales](https://reinasia.com/howden-india-hires-deepti-sharma-as-growth-leader-for-sales/) - With 18 years across healthcare and insurance, Sharma joins a fast-expanding India team following Howden's move to bring the business under its Asia region. - [Vero launches strata product for brokers targeting complex risks](https://reinasia.com/vero-launches-strata-product-for-brokers-targeting-complex-risks/) - The offering targets placement challenges in strata insurance as capacity pressures persist for complex risks. - [IAG’s Firemark Ventures invests in disaster accommodation provider Spacecube](https://reinasia.com/iags-firemark-ventures-invests-in-disaster-accommodation-provider-spacecube/) - The partnership aims to support disaster recovery efforts across rural and regional Australia. - [Nippon Life’s early SpaceX stake may generate billions in investment gains - Report](https://reinasia.com/nippon-lifes-early-spacex-stake-may-generate-billions-in-investment-gains-report/) - The Japanese insurer could recognise investment profit from the rocket company as early as the fiscal year ending March 2028. - [Delta Insurance Australia appoints Matthew Davis as head of claims](https://reinasia.com/delta-insurance-australia-appoints-matthew-davis-as-head-of-claims/) - He joins after nearly eight years with AXA XL. - [Rajil Khare joins Echo Re as senior underwriter - Indian subcontinent](https://reinasia.com/rajil-khare-joins-echo-re-as-senior-underwriter-indian-subcontinent/) - He previously held underwriting roles at Liberty General Insurance and HDFC Ergo - [New China Life gets regulatory nod for US$1.48bn capital bond issuance](https://reinasia.com/new-china-life-gets-regulatory-nod-for-us-1-48bn-capital-bond-issuance/) - The regulatory nod follows an earlier administrative approval from the People’s Bank of China to issue the undated capital bonds. - [QBE taps Callum O'Brien as head of P&I for Asia](https://reinasia.com/qbe-taps-callum-obrien-as-head-of-pi-asia/) - He moves to the business after over a decade with NorthStandard. - [Viola Lee becomes head of claims at HDI Global Hong Kong](https://reinasia.com/viola-lee-becomes-head-of-claims-at-hdi-global-hong-kong/) - She joins following a six-year stint with Marsh Risk. - [IRDAI to develop AI governance framework through industry working group](https://reinasia.com/irdai-sets-up-ai-governance-working-group-for-insurance-sector/) - The regulator seeks to establish guardrails for the growing use of AI in the sector. - [Chubb-led consortium launches in Lloyd's market with US$400m for Hormuz war risk](https://reinasia.com/lloyds-market-consortium-adds-capacity-for-hormuz-shipping-risks/) - The facility offers up to US$200m each for hull and P&I risks, alongside US$200m of dedicated cargo cover, as the market responds to the planned phased reopening of the waterway. - [Lloyd’s Market Association warns Hormuz shipping recovery hinges on greater clarity](https://reinasia.com/lloyds-market-association-warns-hormuz-shipping-recovery-hinges-on-greater-clarity/) - LMA outlined operational, regulatory and safety hurdles that must be addressed before vessels can safely return to Hormuz transit. - [ARPC appoints Cameron Hick as chief underwriting officer](https://reinasia.com/arpc-appoints-cameron-hick-as-chief-underwriting-officer/) - He will succeed current CUO Michael Pennell, who is set to retire in November. - [Indian insurtech Turtlemint opens IPO with US$93m fundraise target](https://reinasia.com/indian-insurtech-turtlemint-opens-ipo-with-us93m-fundraise-target/) - Part of the IPO proceeds will be invested in its subsidiary, Turtlemint Insurance Broking Services, to meet working capital requirements. - [Australian full Federal Court upholds HCF Life ruling dismissing ASIC appeal](https://reinasia.com/australian-full-federal-court-upholds-hcf-life-ruling-dismissing-asic-appeal/) - The court found that HCF Life's pre-existing condition clauses did not create a significant imbalance, while leaving intact the earlier finding that the terms could mislead consumers. - [Asia renewable projects face tighter underwriting scrutiny despite stable reinsurance capacity — Willis](https://reinasia.com/asia-renewables-growth-raises-insurance-complexity-as-supply-chain-nat-cat-risks-mount-willis/) - The region added a record 513.3 GW last year, but supply-chain disruption, climate volatility and China's subsidy changes are reshaping how those projects get insured. - [Hyundai Marine & Fire’s medical indemnity exposure weighs on profitability as AM Best affirms ratings](https://reinasia.com/hyundai-marine-fires-medical-indemnity-exposure-weighs-on-profitability-as-am-best-affirms-ratings/) - South Korean insurer reported a combined ratio of 96.8% in 2025 as medical indemnity and motor lines pressured underwriting performance. - [Malaysian Re, China Re Life back cancer precision medicine reinsurance framework](https://reinasia.com/malaysia-re-china-re-life-back-cancer-precision-medicine-reinsurance-framework-report/) - The move will provide reinsurance and retakaful capacity for insurance and takaful products covering selected advanced cancer treatments. - [Fitch affirms Asuransi Sinar’s positive outlook as underwriting margins improve](https://reinasia.com/fitch-affirms-asuransi-sinars-positive-outlook-as-underwriting-margins-improve/) - The Indonesian insurer's stronger operational performance prompted Fitch to lift its company profile score to 'Most Favourable'. - [Korea non-life insurers post 4.9% Q1 premium growth, but profits fall on higher claims, weaker investments](https://reinasia.com/korea-non-life-insurers-post-4-9-q1-premium-growth-but-profits-fall-on-higher-claims-weaker-investments/) - Claims and investment pressure dragged net income down 10.7% year-on-year, even as long-term non-life premiums held firm and GI growth accelerated. - [Sompo appoints Henry MacHale as international markets underwriting, strategy chief](https://reinasia.com/sompo-appoints-henry-machale-as-international-markets-underwriting-strategy-chief/) - He joins after over 15 years with Aspen, where he was group chief strategy officer. - [Japan and India drive surge in APAC transactional risk claims — Marsh](https://reinasia.com/japan-and-india-drive-surge-in-apac-transactional-risk-claims-marsh/) - Private equity-driven deal activity and rising use of transactional risk insurance pushed APAC claims to record levels in 2025. - [Australia eyes tougher disclosure rules for rising insurance premiums](https://reinasia.com/australia-eyes-tougher-disclosure-rules-for-rising-insurance-premiums/) - The Albanese government demands insurers improve how they explain significant premium rises as regulators intensify oversight of customer outcomes. - [Bupa to expand Australia healthcare footprint with Partnered Health acquisition](https://reinasia.com/bupa-to-expand-australia-healthcare-footprint-with-partnered-health-acquisition/) - The acquisition expands Bupa’s existing healthcare network, adding 68 clinics and corporate health businesses across Australia. - [IRDAI moves to enhance regulatory transparency with revised framework](https://reinasia.com/irdai-moves-to-enhance-transparency-in-framing-rules-and-issuing-instructions/) - The draft framework introduces mandatory public consultation and standardised procedures to strengthen regulatory accountability and consistency. - [Hong Kong insurers largely insulated from China cross-border crackdown — Moody’s](https://reinasia.com/hong-kong-insurers-largely-insulated-from-china-cross-border-crackdown-moodys/) - While Hong Kong insurers are expected to weather China’s crackdown with little direct impact, the ratings agency said stricter controls on capital outflows could pressure premium growth prospects. - [Manulife withdraws leverage from HNW offering amid Hong Kong regulatory scrutiny — Report](https://reinasia.com/manulife-withdraws-leverage-from-hnw-offering-amid-hong-kong-regulatory-scrutiny-report/) - The move highlights growing regulatory concern over high-leverage premium financing structures targeting wealthy Asian clients. - [Allianz Commercial Japan adds Amy Zhong to global business operations unit](https://reinasia.com/allianz-commercial-japan-adds-amy-zhong-to-global-business-operations-unit/) - She will step into the role of assistant manager for the team. - [Income Insurance to transfer HIVE digital platform to Embed Financial Group Holdings](https://reinasia.com/income-insurance-to-transfer-hive-platform-to-embed-financial-group-holdings/) - The transfer moves the platform into a wider embedded finance infrastructure group while the insurer will remain a customer. - [Australia's broker code breaches fall 2% but complaints climb 8% in 2025](https://reinasia.com/missed-renewal-reminders-remain-australian-brokers-most-common-code-breach-in-2025-ibccc/) - Late renewal contact remained the single biggest source of non-compliance, accounting for 38% of all breaches. - [Crawford appoints Eileen Chew, Alice Lee to Singapore loss adjusting roles](https://reinasia.com/crawford-appoints-eileen-chew-alice-lee-to-singapore-loss-adjusting-roles/) - Chew joins after over 5 years at Sedgwick, while Lee moves from Formteam Consultancy. - [Halliwell expands APAC technical services with ExcelPlas acquisition](https://reinasia.com/halliwell-expands-apac-forensic-materials-capability-with-excelplas-acquisition/) - The move adds specialist polymer testing capabilities to Halliwell's forensic and technical services across the region. - [Dimitri Hursalas becomes head of affinity at Aviso Specialty](https://reinasia.com/dimitri-hursalas-becomes-head-of-affinity-at-aviso-specialty/) - He joins after working for six years at Marsh as the specialty insurer builds out its schemes and affinity capability. - [Fariha Neda joins Arch Insurance Australia in northern region executive assurance role](https://reinasia.com/fariha-neda-joins-arch-insurance-australia-in-northern-region-executive-assurance-role/) - The appointment marks the latest in a series of senior underwriting changes at Arch Australia this year. - [IRDAI proposes first rules for insurer mergers with non-insurance companies](https://reinasia.com/irdai-proposes-first-rules-for-insurer-mergers-with-non-insurance-firms/) - The draft amendments also propose lower deal fees, tighter foreign ownership rules, and new naming standards. - [Private markets are no longer about access — they are about integration](https://reinasia.com/private-markets-are-no-longer-about-access-they-are-about-integration/) - Echo Yang, Senior Solutions Director, Strategic Insurance Group, Aberdeen Investments - [Income Insurance names Lim Sim Seng board chairman](https://reinasia.com/income-insurance-names-lim-sim-seng-board-chairman/) - He will take over on July 1, succeeding Joy Tan, who has served as chairperson since 2025. - [ACCC clears Zurich’s acquisition of Beazley in Phase I review](https://reinasia.com/accc-clears-zurichs-acquisition-of-beazley-in-phase-i-review/) - The authority found limited local market overlap between the merging parties and sufficient competition from multiple specialty insurers. - [GIC Re announces Hitesh Joshi as Chairman and Managing Director](https://reinasia.com/gic-re-announces-hitesh-joshi-as-chairman-and-managing-director/) - Joshi will lead GIC Re as Chairman and Managing Director until his superannuation in September 2028. - [India’s first comprehensive MGA rulebook arrives in GIFT City](https://reinasia.com/indias-first-comprehensive-mga-rulebook-arrives-in-gift-city/) - The dedicated framework allows MGAs to design products and run the policy lifecycle, but restricts them from entering reinsurance or syndicate structures. - [Pacific Life Re inks third asset-intensive reinsurance deal with Tokio Marine & Nichido Life](https://reinasia.com/pacific-life-re-inks-third-asset-intensive-reinsurance-deal-with-tokio-marine-nichido-life/) - Third transaction with Japanese life insurer underscores Pacific Life Re’s growing role in the country’s AIR market. - [Tokio Marine targets M&A in Australia, Canada with Berkshire backing](https://reinasia.com/tokio-marine-targets-ma-in-australia-canada-with-berkshire-backing/) - The Japanese insurer is targeting Australia and Southeast Asia for potential acquisitions as it seeks to diversify geographically. - [Australian government appoints Robert McLean to ARPC board, reappoints chair and directors](https://reinasia.com/australian-government-appoints-robert-mclean-to-arpc-board-reappoints-chair-and-directors/) - The reshuffle covers the board that oversees Australia's terrorism and cyclone reinsurance pools, with new and reappointed members holding terms through 2028 and 2030. - [Korea adds cyber cover to co-insurance for national security facilities — Report](https://reinasia.com/korea-adds-cyber-cover-to-co-insurance-for-national-security-facilities-report/) - The move brings previously uninsured cyber risks within scope for national security institutions under an expanded co-insurance framework. - [APRA tells insurers to strengthen readiness for geopolitical shocks](https://reinasia.com/apra-tells-insurers-to-strengthen-readiness-for-geopolitical-shocks/) - Larger exposed entities will be asked to assess gaps in crisis preparedness, personnel risk and political risk. - [New Zealand to review Fire and Emergency insurance levy funding model](https://reinasia.com/new-zealand-to-review-fire-and-emergency-insurance-levy-funding-model/) - ICNZ welcomed the move, saying it was a chance to reassess whether insurance levies remain the right way to fund the emergency services. - [Rising interest rates to ease capital pressure on Korean insurers in H2 – Fitch](https://reinasia.com/rising-interest-rates-to-ease-capital-pressure-on-korean-insurers-in-h2-fitch/) - The sector’s K-ICS ratio improved in 2025, but earnings remained under pressure from claims and onerous contract losses. - [Philippine regulator orders faster claims processing after Mindanao earthquake](https://reinasia.com/philippine-regulator-orders-faster-claims-processing-after-mindanao-earthquake/) - The directive applies to regulated entities operating in areas declared under a state of calamity following the event. - [India to divest up to 5% stake in GIC Re](https://reinasia.com/india-to-divest-up-to-5-stake-in-gic-re/) - The planned stake sale in GIC Re forms part of the government’s broader divestment strategy, as the reinsurer reports reduced underwriting losses. - [Asian firms scrutinise cyber limits as ransomware losses climb – Willis](https://reinasia.com/asian-firms-scrutinise-cyber-limits-as-ransomware-losses-climb-willis/) - The broker's global study of around US$1bn in insurer payments shows ransomware attacks last 25 days on average and cost US$5.3m. - [Thai Life Insurance premiums rise 3.45% in 2025 on health and savings demand](https://reinasia.com/thai-life-insurance-premiums-rise-3-45-in-2025-on-health-and-savings-demand/) - Sector posted moderate growth in 2025 across protection, savings and investment-linked products on the back of rising healthcare costs. - [Some insurers ease Hormuz rates on US-Iran deal hopes, but pre-war pricing hinges on stability](https://reinasia.com/some-insurers-ease-hormuz-rates-on-us-iran-deal-hopes-but-pre-war-pricing-hinges-on-stability/) - 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. - [Allianz Australia launches Event Response Centre to coordinate severe weather recovery](https://reinasia.com/allianz-australia-launches-event-response-centre-to-coordinate-severe-weather-recovery/) - The centre is designed to fast-track severe weather claims using real-time data and coordinated team responses. - [Defne Turkes to step up as President of Liberty International Insurance from July](https://reinasia.com/defne-turkes-to-step-up-as-president-of-liberty-international-insurance-from-july/) - She will lead strategic growth across commercial insurance internationally as well as retail markets in Asia. - [Descartes gains Lloyd's coverholder status via OAK Global partnership](https://reinasia.com/descartes-gains-lloyds-coverholder-status-via-oak-global-partnership/) - The tie-up allows Descartes to scale parametric insurance offerings at Lloyd’s, targeting climate and emerging technology risks. - [ICICI Lombard clarifies E20 fuel use not grounds for claim rejection](https://reinasia.com/icici-lombard-clarifies-e20-fuel-use-not-grounds-for-claim-rejection/) - India is increasing the use of ethanol-blended petrol as part of efforts to lower crude oil dependence and promote clean energy. - [India’s central bank eases non-banking financial companies insurance distribution rules](https://reinasia.com/indias-central-bank-eases-non-banking-financial-companies-insurance-distribution-rules/) - 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](https://reinasia.com/uib-asia-appoints-nguyen-huy-trung-penghua-lim-to-senior-roles/) - Trung joins from Cambodia-Vietnam Insurance PLC; Lim moves from J B Boda & Co. - [Zurich, YAS partner on embedded insurance for commercial robots](https://reinasia.com/zurich-yas-partner-on-embedded-insurance-for-commercial-robots/) - The scenario-based cover targets repair costs and third-party liability for firms deploying robots across manufacturing, logistics, retail and other sectors. - [Analysts back A$7.7bn Steadfast takeover on valuation and structural rationale](https://reinasia.com/analysts-back-a7-7bn-steadfast-takeover-on-valuation-and-structural-rationale/) - Strong strategic backing and softer sector valuations are supporting analyst confidence in the Steadfast takeover bid. - [Generali launches global academy to support workforce transformation](https://reinasia.com/generali-launches-global-academy-to-support-workforce-transformation/) - The insurer is targeting strategic and technical capability development as part of ‘Lifetime Partner 27’ plan - [APRA consults on updated governance rules to strengthen board oversight](https://reinasia.com/apra-begins-final-consultation-on-updated-governance-rules/) - Chair John Lonsdale said the regulator has sought to lift standards without adding to the burden on insurers, super funds, and banks. - [Tysers names William Furness-Smith as Singapore CEO](https://reinasia.com/tysers-names-william-furness-smith-as-singapore-ceo/) - He will take on the interim CEO role for the broker while awaiting sign-off from Singapore’s regulator. - [VIG Re taps Swiss Re's Wilfrid Goh to build Asia presence](https://reinasia.com/vig-re-taps-swiss-res-wilfrid-goh-to-build-asia-presence/) - The Prague-based reinsurer brings on a 20-year industry veteran to lead its representative office in Singapore. - [Swiss Re appoints Torben Swart to newly created technical and operational role](https://reinasia.com/swiss-re-appoints-torben-swart-to-newly-created-technical-and-operational-role/) - From August, he will assume the role of head of technical & operational excellence, APAC ex-China, as well as head of the reinsurer's HK branch. - [New Zealand Natural Hazards Commission expands catastrophe reinsurance cover by 20%](https://reinasia.com/new-zealand-natural-hazards-commission-expands-catastrophe-reinsurance-cover-by-20/) - The commission said it secured the NZ$12.3bn (US$7.1bn) programme on a more cost-effective basis than last year's placement. - [Taishan P&C returns to profit on sharper underwriting in 2025 as Fitch affirms rating](https://reinasia.com/taishan-pc-returns-to-profit-on-sharper-underwriting-in-2025-as-fitch-affirms-rating/) - The Shandong government-backed insurer expects its operating results to improve further over the next two years on disciplined underwriting and a conservative investment strategy. - [Tongyang Life to address investor concerns over Woori share swap](https://reinasia.com/tongyang-life-calls-shareholder-meeting-as-opposition-to-woori-stock-swap-persists/) - Minority shareholders argue the exchange ratio undervalues Tongyang Life and are considering legal action. - [IAG backs Sonder to extend disaster support beyond claims response](https://reinasia.com/iag-backs-sonder-to-extend-disaster-support-beyond-claims-response/) - The investment, made through corporate venture arm Firemark Ventures, will give customers 24/7 mental health and safety support during natural disasters and major incidents. - [Allianz leads bid for HSBC’s Singapore life insurance unit - Report](https://reinasia.com/allianz-leads-bid-for-hsbcs-singapore-life-insurance-unit-report/) - Details of the transaction are expected to be announced soon, though other bidders remain interested in HSBC's Singaporean assets. - [Howden India appoints Bhushan Raorane as EVP for property and risk management](https://reinasia.com/howden-india-appoints-bhushan-raorane-as-evp-for-property-and-risk-management/) - The insurance broking veteran joins from Mahindra Insurance Brokers, where he most recently served as deputy general manager. - [India GI premiums reach new heights as health, cargo and personal accident offset April fire slump](https://reinasia.com/india-gi-premiums-reach-new-heights-as-health-cargo-and-personal-accident-offset-march-fire-slump/) - Several major lines helped contribute to record monthly premiums, cushioning a sharp pullback in fire, where coverage remains thin. - [Faaizah Banu to lead Zurich Australia's national AR business](https://reinasia.com/faaizah-banu-to-lead-zurich-australias-national-ar-business/) - She will oversee the insurer's AR Advance's engagement with authorised representative groups across Australia. - [MetLife eyes stronger India presence via majority stake in PNB MetLife](https://reinasia.com/metlife-eyes-stronger-india-presence-via-majority-stake-in-pnb-metlife/) - The insurer currently holds a 49.73% stake in PNB MetLife India and is actively eyeing a controlling stake in the JV. - [India's health insurers power 8.7% May premium growth amid rising healthcare costs](https://reinasia.com/indias-health-insurers-power-8-7-may-premium-growth-amid-rising-healthcare-costs/) - Standalone health premiums surged 31.7%, outpacing the broader market as rising medical costs and expanding healthcare coverage continued to drive demand - [Berkley Re’s Glen Riddell appointed as SRA chair](https://reinasia.com/singapore-reinsurers-association-names-berkley-res-glen-riddell-as-chair/) - The appointment follows the retirement of James Beedle, who had stepped into the role earlier this year. - [Korea motor liability disputes surge, prompting calls for reform](https://reinasia.com/korea-motor-liability-disputes-surge-prompting-calls-for-reform/) - KIRI says a widening gap between driver expectations, insurer assessments, and review outcomes is driving higher dispute rates in Korea’s motor insurance market. - [ICA home insurance standardisation plan faces pushback from industry and consumer groups](https://reinasia.com/ica-home-insurance-standardisation-plan-faces-pushback-from-industry-and-consumer-groups/) - Industry bodies have criticised the ICA’s proposal, warning the "flawed" changes will strip away legal protections and fuel consumer confusion. - [APRA confirms capital reporting template for longevity products](https://reinasia.com/apra-confirms-reporting-template-for-ailp-framework-ahead-of-july-rollout/) - The regulator received no industry submissions on the draft template, which supports the rollout of the advanced illiquidity premium from 1 July 2026. - [SAIC captive projects underwriting losses in start-up phase, targets profit within five years — AM Best](https://reinasia.com/saic-captive-projects-underwriting-losses-in-start-up-phase-targets-profit-within-five-years-am-best/) - AM Best assigned the single-parent captive an A- Financial Strength Rating and "a-" Long-Term Issuer Credit Rating, citing a balance sheet strength assessed as "very strong". - [Australia GI rebounds in Q1 as claims ease, property losses moderate](https://reinasia.com/australia-gi-rebounds-in-q1-as-claims-ease-property-losses-moderate/) - Industry underwriting profits jumped 34% year-on-year as property lines recovered from catastrophe losses, while cyber led premium growth and motor remained profitable. - [Phil Xue to return to Guy Carpenter as MD and COO for Mainland China and Hong Kong](https://reinasia.com/phil-xue-to-return-to-guy-carpenter-as-md-and-coo-for-mainland-china-and-hong-kong/) - Xue rejoins the reinsurance broker, having recently served in chief executive roles for AXA Group. - [Aviso Specialty launches Risk Intelligence division](https://reinasia.com/aviso-specialty-launches-risk-intelligence-division/) - Nicholas Martin has been appointed to lead the new unit. - [NOAA declares El Niño has begun, forecasts very strong event](https://reinasia.com/noaa-declares-el-nino-has-begun-forecasts-very-strong-event/) - (Re)in Summary • NOAA has declared El Niño has developed in the tropical Pacific, issuing an El Niño Advisory on 11 June.• Forecast models give a 63% chance of a 'very strong' event during November to January, which would rank among the largest since 1950.• In Asia Pacific, El Niño is linked to drought, flooding, - [Liberty shifts to direct underwriting model with new Australian crop product](https://reinasia.com/liberty-shifts-to-direct-underwriting-model-with-new-australian-crop-product/) - The new CropPlus product includes automatic frost cover and premium discounts for data-sharing Australian growers. - [GIAJ steps up reform push, risk awareness as catastrophe exposure rises](https://reinasia.com/giaj-steps-up-reform-push-risk-awareness-as-catastrophe-exposure-rises/) - The association is prioritising distribution oversight, strengthening corporate risk management, and advancing digital and regulatory reforms amid mounting catastrophe risks. - [Thailand’s OIC, consumer body partner to fast-track dispute resolution](https://reinasia.com/thailands-oic-consumer-body-partner-to-fast-track-dispute-resolution/) - A joint complaint system aims to reduce delays, simplify insurance dispute resolution and improve tracking. - [China Pacific Insurance shareholders elect Ming Ge as independent director](https://reinasia.com/china-pacific-insurance-shareholders-elect-ming-ge-as-independent-director/) - The proposed independent director appointment remains subject to regulatory approval. - [QBE names Christopher Harris independent non-executive director](https://reinasia.com/qbe-names-christopher-harris-independent-non-executive-director/) - The QBE Capital chair and reinsurance executive will join the insurer's board, subject to regulatory approval. - [India’s ship certifier tightens stance on sanctioned vessels](https://reinasia.com/indias-ship-certifier-tightens-stance-on-sanctioned-vessels/) - IRClass, a non-profit organisation, has tightened international sanctions enforcement removing hundreds of vessels tied to Russian and Iranian trade flows. - [Gallagher Re warns restricted AI models could force insurers to price “uncertainty” in cyber, AI risk](https://reinasia.com/gallagher-re-warns-restricted-ai-models-could-force-insurers-to-price-uncertainty-in-cyber-ai-risk/) - Limited access to frontier models like Anthropic's Mythos may leave underwriters relying on proxies rather than direct testing, the reinsurer said. - [Malaysia’s takaful growth driven by general business as family segment slows in 2025](https://reinasia.com/malaysias-takaful-growth-driven-by-general-business-as-family-segment-slows-in-2025/) - Gross contributions rose 4.7% in 2025, with motor and fire lines driving double-digit growth in general takaful. - [EV insurance demand surges in Australia as fuel uncertainty drives interest — NRMA](https://reinasia.com/ev-insurance-demand-surges-in-australia-as-fuel-uncertainty-drives-interest-nrma/) - Used EV searches and clearance rates remain strong, pointing to broader confidence in the shift beyond new-car buyers. - [Nippon Life builds US$4.6bn private credit book, led by Resolution Life allocation](https://reinasia.com/nippon-life-builds-us4-6bn-private-credit-book-led-by-resolution-life-allocation/) - Nippon Life is expanding private credit mainly through Resolution Life, while keeping its standalone exposure conservative. - [Middle East conflict fuelling new volatility in Australian claims costs — Crawford](https://reinasia.com/middle-east-conflict-fuelling-new-volatility-in-australian-claims-costs-crawford/) - Higher fuel and freight costs are pushing up repair expenses and prompting contractors to change how they price and deliver claims work. - [Gallagher expands Queensland corporate broking team with three appointments](https://reinasia.com/gallagher-expands-queensland-corporate-broking-team-with-three-appointments/) - Heron, Alexander and Hambleton all join from rival broker Aon. - [Howden continues to expand Asia M&A practice with Chloe Cha hire](https://reinasia.com/howden-continues-to-expand-asia-ma-practice-with-chloe-cha-hire/) - She brings more than a decade of experience in transaction risk and insurance advisory. - [Sanlam secures regulatory nod to increase stake in Shriram Life by a further 2.8%](https://reinasia.com/sanlam-secures-regulatory-nod-to-increase-stake-in-shriram-life-by-a-further-2-8/) - Sanlam’s latest investment in Shriram Life, via a preferential issue, follows its March acquisition of a 14.72% stake. - [QBE's Middle East conflict exposure estimated at US$60m as Fitch affirms ratings](https://reinasia.com/qbes-middle-east-conflict-exposure-estimated-at-us60m-as-fitch-affirms-ratings/) - US$60m exposure is modest relative to QBE's earnings and capital strength, with no impact on its stable outlook. - [Helia taps Steadfast's Mark Senkevics as next CEO](https://reinasia.com/helia-taps-steadfasts-mark-senkevics-as-next-ceo/) - He most recently worked as the broker network's CEO of writing agencies. - [Apollo explores Japanese life acquisitions in push for direct market expansion — Report](https://reinasia.com/apollo-explores-japanese-life-acquisitions-in-push-for-direct-market-expansion-report/) - Amid Japanese regulatory resistance to reinsurance deals, Apollo is weighing deals for Japanese life units as it looks to deepen its presence through direct underwriting. - [South Korea regulator urges insurers to curb FX risk amid rising volatility](https://reinasia.com/south-korea-regulator-urges-insurers-to-curb-fx-risk-amid-rising-volatility/) - Korean insurers face heightened regulatory scrutiny on FX exposure and overseas assets, with the FSS signalling closer monitoring and stress testing as volatility persists. - [S&P withdraws QBE General Insurance Hong Kong ratings following internal portfolio transfer](https://reinasia.com/sp-withdraws-qbe-general-insurance-hong-kong-ratings-following-internal-portfolio-transfer/) - The move follows a planned transfer of the entity's obligations to QBE Hong Kong & Shanghai Insurance. - [One in four Australian firms hit by AI-driven cyber attacks as risks intensify — QBE](https://reinasia.com/one-in-four-australian-firms-hit-by-ai-driven-cyber-attacks-as-risks-intensify-qbe/) - AI adoption is accelerating cyber threats, with Australian businesses facing increasing incidents and supply chain exposure. - [India construction insurance capacity grows as insurers sharpen focus on risk governance — Aon](https://reinasia.com/india-construction-insurance-capacity-grows-as-insurers-sharpen-focus-on-risk-governance-aon/) - Infrastructure, energy transition and digital projects are lifting demand, while higher asset values are drawing closer underwriting scrutiny. - [Tighter regulations push APAC insurers toward capital-light strategies — Fitch](https://reinasia.com/tighter-regulations-push-apac-insurers-toward-capital-light-strategies-fitch/) - APAC life insurers are reshaping product and investment strategies as tighter solvency rules increase risk sensitivity. - [Aon rolls out D&O risk analyser for Australian businesses](https://reinasia.com/aon-rolls-out-do-risk-analyser-for-australian-businesses/) - The tool uses over 30 years of Australian claims, litigation and settlement data to help firms assess liability exposures. - [Mindanao quake tests Philippine insurers' growing catastrophe retentions — AM Best](https://reinasia.com/am-best-expects-mindanao-quake-to-weigh-on-philippine-non-life-results-in-h2-2026/) - Low insurance take-up should cap insured losses, but the event may add scrutiny to the net retention strategy cedents have pursued in response to rising reinsurance costs. - [Liberty General brings cyber insurance suite to India market](https://reinasia.com/liberty-general-brings-cyber-insurance-suite-to-india-market/) - Having previously supported only selected Indian clients, Liberty General has now opened its full cyber offering to businesses across all industry sectors in the country. - [Zurich: 75% of ASEAN renewables capacity faces severe climate risk by 2030](https://reinasia.com/zurich-75-of-asean-renewables-capacity-faces-severe-climate-risk-by-2030/) - Up to US$82bn in renewable energy losses could be avoided with early resilience investment. - [Steadfast confirms takeover bid after months of buyout speculations](https://reinasia.com/australias-steadfast-confirms-takeover-bid-after-months-of-buyout-speculations/) - The broking giant has been the subject of private equity takeover speculation since December last year. - [Australia’s Steadfast gets A$7.7bn takeover offer from Amwins, Dragoneer](https://reinasia.com/australias-steadfast-gets-a7-7bn-takeover-offer-from-amwins-dragoneer/) - Joint bid values Steadfast at A$7.7bn (approx. US$5.41bn), with an eight-week due diligence period underway. - [Munich Re Specialty adds claims chief as part of Australia build-out](https://reinasia.com/munich-re-specialty-adds-claims-chief-as-part-of-australia-build-out/) - Angus Kench joins after over 11 years with Liberty Specialty. - [Munich Re Specialty to launch property, construction, engineering team in Australia led by Bob Algie](https://reinasia.com/munich-re-specialty-to-launch-property-construction-engineering-team-in-australia-led-by-bob-algie/) - The new team forms part of Munich Re’s strategy to expand its specialty insurance presence. - [WTW India adds Srishti Nigam to FINEX claims team](https://reinasia.com/wtw-india-adds-srishti-nigam-to-finex-claims-team/) - The corporate lawyer joins as senior manager after advising insurers on liability claims and coverage matters. - [Australia's Market Lane promotes Bobby Major to lead ML Specialty](https://reinasia.com/australias-market-lane-promotes-bobby-major-to-lead-ml-specialty/) - He brings experience from Gallagher, Aon to lead the food and beverage-focused specialty mGA. - [GIFT City insurance GWP doubles in FY2026 as reinsurers expand fourfold](https://reinasia.com/gift-city-insurance-offices-double-in-fy2026-as-gwp-expands-sharply/) - Health and personal accident drove premium growth, as (re)insurers overtook intermediaries as the main source of premiums transacted in the hub. - [Philippine court upholds IC authority to expand public transport insurance pools](https://reinasia.com/philippines-court-upholds-updated-passenger-insurance-framework/) - The ruling clears the way for a third insurance pool to operate under the Passenger Personal Accident Insurance system. - [Saudi Re appoints Ruchi Jain to lead GIFT City branch in India](https://reinasia.com/saudi-re-appoints-ruchi-jain-to-lead-gift-city-branch-in-india/) - Jain, a former Swiss Re executive, will head Saudi Re’s India operations as the reinsurer expands into its second Asian market. - [SBI General may begin IPO preparations soon, Chairman says](https://reinasia.com/sbi-general-may-begin-ipo-preparations-soon-chairman-says/) - Setty’s comments come as the SBI Group advances plans to list its asset management business. - [CALI warns Australia’s lead generation ban could hit life insurance access](https://reinasia.com/cali-warns-australias-lead-generation-ban-could-hit-life-insurance-access/) - CALI warned the move could limit consumer access to life insurance products and information. - [Fitch keeps China and Taiwan life insurance outlook at 'deteriorating' in mid-year update](https://reinasia.com/china-taiwan-life-insurance-outlooks-weaken-as-apac-non-life-stays-broadly-resilient-fitch/) - Low interest rates, currency swings and capital pressures continue to strain both markets, with global non-life insurers maintained at a 'neutral' outlook despite geopolitical risk. - [AM Best assigns Asian Re national scale rating as cat losses lift 2025 combined ratio](https://reinasia.com/am-best-assigns-asian-re-aa-th-national-scale-rating-as-cat-losses-lift-2025-combined-ratio/) - The Bangkok-based non-life reinsurer earns an aa+.TH national scale rating, though AM Best flagged exposure to heightened credit and liquidity risks from holdings in a sanctioned country. - [AM Best upgrades Asian Re's ratings after reinsurer sees profitability bounceback in 2024](https://reinasia.com/am-best-upgrades-asian-res-ratings-after-reinsurer-sees-profitability-bounceback-in-2024/) - Thai reinsurer saw its COR improve from 101.6% in 2023 to 85.3% last year. - [India's marine insurance pool cuts war-risk premiums by up to 48% amid self-reliance push](https://reinasia.com/indias-marine-insurance-pool-cuts-war-risk-premiums-by-up-to-48-amid-self-reliance-push/) - With more than 80 marine war-risk policies issued since its May launch, India is advancing plans to build a domestic protection and indemnity (P&I) framework. - [Ansvar underwriting improves without stop-loss recoveries in fiscal 2025 – AM Best](https://reinasia.com/ansvar-underwriting-improves-without-stop-loss-recoveries-in-fiscal-2025-am-best/) - The ratings agency affirmed the insurer’s FSR of A- (Excellent) and Long-Term ICR of “a-” (Excellent), both with a stable outlook. - [IGI secures approval to open reinsurance branch in India's GIFT City](https://reinasia.com/igi-secures-approval-to-open-reinsurance-branch-in-indias-gift-city/) - The move adds IGI to a growing list of global (re)insurers at GIFT City, where gross written premiums nearly doubled to US$1.13bn in FY2026. - [Chubb Australia promotes three to new national distribution roles](https://reinasia.com/chubb-australia-promotes-three-to-new-national-relationship-manager-roles/) - Mark Roberts, Annelisa Richardson and Brendan Behm will oversee key broker relationships with Envest, Steadfast and Austbrokers, respectively. - [Niyam Group welcomes Ash Bathia as non-executive director](https://reinasia.com/niyam-group-welcomes-ash-bathia-as-non-executive-director/) - He joins from Probitas 1492 UK, where he most recently served as CEO and active underwriter. - [Hong Kong life insurers to face pressure as cross-border monitoring tightens — S&P Global](https://reinasia.com/hong-kong-life-insurers-to-face-pressure-as-cross-border-monitoring-tightens-sp-global/) - While direct impact remains limited, tighter cross-border monitoring could weigh on insurers' distribution and sales. - [ICICI Prudential Life faces US$1.7m GST demand over FY2024 filings](https://reinasia.com/icici-prudential-life-faces-us1-7m-gst-demand-over-fy2024-filings/) - The latest tax demand adds to the insurer’s growing exposure, marking the fifth such order issued since February this year. - [Magnitude 7.8 earthquake kills dozens in Philippines, triggers tsunami warnings](https://reinasia.com/magnitude-7-8-earthquake-kills-one-in-philippines-triggers-tsunami-warnings/) - The quake, the strongest to strike the Philippines this year, was centered at sea off Mindanao. - [IRDAI hosts technical workshop to support Ind AS rollout](https://reinasia.com/irdai-hosts-technical-workshop-to-support-ind-as-rollout/) - Insurers have been urged to closely follow the monthly implementation roadmap and collaborate between finance and actuarial functions. - [Tokio Marine CEO targets global expansion backed by Berkshire alliance](https://reinasia.com/tokio-marine-ceo-targets-global-expansion-backed-by-berkshire-alliance/) - The Berkshire Hathaway partnership will help the Japanese insurer pursue overseas deals and expand its solutions business, CEO says. - [LIC seeks more long-term investment instruments as annuity liabilities grow](https://reinasia.com/lic-seeks-more-long-term-investment-instruments-as-annuity-liabilities-grow/) - The insurer said it is engaging with IRDAI, RBI and SEBI as rising annuity inflows increase demand for long-duration assets. - [Indian startup Kiwi General Insurance taps Saurav Jaiswal as Co-founder and CEO](https://reinasia.com/new-indian-insurance-startup-kiwi-general-insurance-taps-saurav-jaiswal-as-co-founder-and-ceo/) - Jaiswal brings extensive experience to new insurer, including most recently as President and COO of Tata AIG General Insurance. - [Howden names Zhong Xian Lam senior associate as transactional lines hiring push continues](https://reinasia.com/howden-names-zhong-xian-lam-senior-associate-as-transactional-lines-hiring-push-continues/) - Lam joins the broker from PwC Singapore. - [Thailand OIC presses insurers on group capital rules, disaster playbook at CEO roundtable](https://reinasia.com/thailand-oic-presses-insurers-on-group-capital-rules-disaster-playbook-at-ceo-roundtable/) - The regulator also set a 2026 target to cut disputes and complaints by at least 15%. - [Chubb Malaysia names Gurudutt Joglekar deputy country president](https://reinasia.com/chubb-malaysia-names-gurudutt-joglekar-deputy-country-president/) - He joins from Generali Malaysia, where he most recently served as country chief insurance officer. - [Lockton names Sandra Lee, Yuman Chan as chief growth officers for Asia](https://reinasia.com/lockton-names-sandra-lee-yuman-chan-as-chief-growth-officers-for-asia/) - Lee joins from BMS Group, while Chan moves from Bupa. - [TQR bolsters facultative reinsurance team with Monthira Vongtharuar appointment](https://reinasia.com/tqr-bolsters-facultative-reinsurance-team-with-monthira-vongtharuar-appointment/) - She will take on the role of business development – facultative reinsurance and special project officer. - [AM Best revises Korea P&I outlook to stable on reinsurance restructure](https://reinasia.com/am-best-revises-korea-pi-club-outlook-to-stable-after-reinsurance-retention-cut/) - The ratings agency also affirmed the insurer's B++ financial strength rating and “bbb+” issuer credit rating. - [AXA bets on one-stop-shop model, specialty expertise to crack Asia's HNW insurance market](https://reinasia.com/axa-bets-on-one-stop-shop-model-specialty-expertise-to-crack-asias-hnw-insurance-market/) - AXA Global Private is banking on its group-wide specialty capabilities to carve out a niche in a segment where rival carriers are already fiercely competing for wallet share. - [Continuum, Native partner to expand digital asset insurance in Asia](https://reinasia.com/continuum-native-partner-to-expand-digital-asset-insurance-in-asia/) - The tie-up aims to bridge regional advisory expertise with London market capacity for digital asset and blockchain risk insurance solutions. - [PE-backed insurer Kiwi General debuts in India with motor product, adviser-led strategy](https://reinasia.com/pe-backed-insurer-kiwi-general-debuts-in-india-with-motor-product-adviser-led-strategy/) - Co-founded by former Tata AIG CEO Neelesh Garg, the Indian start-up is eyeing a broader product rollout, including commercial vehicle and group health offerings, in the coming months. - [Regulators sharpen focus on growing asset-intensive reinsurance market](https://reinasia.com/regulators-sharpen-focus-on-growing-asset-intensive-reinsurance-market/) - As AIR volume and complexity surge, insurers face rising scrutiny over collateral, counterparty and recapture risks. - [Victoria drives rise in Australia's motor theft claims as insurance losses hit A$243m](https://reinasia.com/victoria-drives-rise-in-australias-motor-theft-claims-as-insurance-losses-hit-a243m/) - National theft claims would have fallen 10% in 2025 without Victoria's surge, ICA data shows. - [Emergence Insurance acquires renewal rights to Blue Zebra cyber portfolio](https://reinasia.com/emergence-insurance-acquires-renewal-rights-to-blue-zebra-cyber-portfolio/) - All Blue Zebra cyber policies will renew onto Emergence terms from 1 July 2026. - [Aon appoints Jonathan Koh and Theresa Loke to health solutions in Singapore](https://reinasia.com/aon-appoints-jonathan-koh-and-theresa-loke-to-health-solutions-in-singapore/) - Both join the broker as senior consultants for client relationship management. - [Nippon Life taps Blackstone for US$9.3bn private credit investment strategy](https://reinasia.com/nippon-life-taps-blackstone-for-us9-3bn-investment-management-in-private-credit-real-estate/) - The companies will also engage in staff secondments and personnel exchanges to strengthen Nippon Life’s investment capabilities. - [Allianz Partners to acquire nib's travel insurance business in Australia, New Zealand](https://reinasia.com/allianz-partners-to-acquire-nibs-travel-insurance-business-in-australia-new-zealand/) - The agreement includes a twenty-year white-label partnership and the transfer of the Travel Insurance Direct brand. - [Generali appoints investment veteran Luca Cetrano for group CIO role](https://reinasia.com/generali-taps-investment-veteran-luca-cetrano-for-group-cio-role/) - The executive has been with Generali Investments since 2012 and most recently oversaw portfolio construction, asset allocation and holding investments. - [James Yau rejoins Coface as head of commercial, SEA and head of mid-market for APAC](https://reinasia.com/james-yau-rejoins-coface-as-head-of-commercial-sea-and-head-of-mid-market-for-apac/) - He joins from AIG, where he worked for over six years. - [Suresh Subramanium to lead Howden's employee benefits business in western India](https://reinasia.com/suresh-subramanium-to-lead-howdens-employee-benefits-business-in-western-india/) - He brings over 25 years of industry experience, previously working in business development and consulting roles. - [Japan life insurers’ capital buffers set to stay strong under new solvency regime – Fitch](https://reinasia.com/japan-life-insurers-capital-buffers-set-to-stay-strong-under-new-solvency-regime-fitch/) - Stable surrender and lapse rates alongside a widening investment spread are expected to support results. - [ICA, ICNZ formalise resilience alliance as disaster costs rise](https://reinasia.com/ica-icnz-formalise-resilience-alliance-as-disaster-costs-rise/) - The initiative creates a structured framework for collaboration on risk reduction, policy advocacy and regulatory matters. - [HDI Global hires James Zhan as senior risk engineer in Hong Kong](https://reinasia.com/hdi-global-hires-james-zhan-as-senior-risk-engineer-in-hong-kong/) - Zhan's experience spans chemical, pharmaceutical and renewable energy industries in Asia. - [Munich Re appoints Petrovic and Roman to lead cyber units across Asia-Pacific and Africa](https://reinasia.com/munich-re-appoints-petrovic-and-roman-to-lead-cyber-units-across-asia-pacific-and-africa/) - Petrovic starts the role with immediate effect and will relocate to Singapore in August, while Roman will assume her position in July. - [Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan](https://reinasia.com/resolution-life-signs-three-new-asset-intensive-reinsurance-deals-across-hong-kong-japan/) - Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan. - [Japanese life insurers’ reinsurance leverage tripled ahead of new solvency norms — AM Best](https://reinasia.com/japanese-life-insurers-reinsurance-leverage-tripled-ahead-of-new-solvency-norms-am-best/) - A surge in reinsurance use highlights shifting capital strategies in Japan’s life insurance market under the new solvency framework. - [Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m](https://reinasia.com/softbanks-paypay-to-acquire-70-stake-in-td-financial-life-for-us840m/) - The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base. - [Indian IT firm Coforge rolls out tech platform targeting modernisation of insurance operations](https://reinasia.com/indian-it-firm-coforge-rolls-out-tech-platform-targeting-modernisation-of-insurance-operations/) - Nexa platform aims to streamline underwriting, claims, and product development through AI integration. - [Coastal Marine names Eric Chan as cargo underwriter for APAC](https://reinasia.com/coastal-marine-names-eric-chan-as-cargo-underwriter-for-apac/) - He joins from Sompo Hong Kong, where he was head of marine underwriting. - [LIC eyes strategic investment in fintech to fuel digital expansion](https://reinasia.com/lic-eyes-strategic-investment-in-fintech-to-fuel-digital-expansion/) - Following a robust FY2026, LIC moves to modernise its IT systems through targeted investments in fintech and insurtech players. - [Former SEBI board member Ashwani Bhatia named chairman of Niva Bupa](https://reinasia.com/former-sebi-board-member-ashwani-bhatia-named-chairman-of-niva-bupa/) - He succeeds Milind Barve, who has stepped down from the health insurer's board due to health reasons. - [Insurtech Agam Capital taps Kazuhiro Nakatsuka to lead Japan expansion](https://reinasia.com/insurtech-agam-capital-taps-kazuhiro-nakatsuka-to-lead-japan-expansion/) - Nakatsuka will advise Agam Capital on regulatory and market entry strategies for Japan’s life and pension sectors. - [Ryan Specialty Singapore bags top performance assessment on underwriting strength — AM Best](https://reinasia.com/ryan-specialty-singapore-bags-top-performance-assessment-on-underwriting-strength-am-best/) - The Singapore unit’s inclusion underscores the group’s expanding underwriting footprint and strategic integration across global specialty operations. - [Allianz Trade hires Ricky Hung as Hong Kong head of distribution](https://reinasia.com/allianz-trade-hires-ricky-hung-as-hong-kong-head-of-distribution/) - He joins after over nine years at HSBC. - [Mitsui Sumitomo–Aioi merger targets US$1.75bn profit by FY2030](https://reinasia.com/mitsui-sumitomo-aioi-merger-targets-us1-75bn-profit-by-fy2030/) - The merged Mitsui Sumitomo-Aioi Nissay Dowa entity will to lean into cost reduction and scale data capabilities to drive profits. - [Nat Re posts strong underwriting performance in 2025 driving profit growth](https://reinasia.com/nat-re-posts-strong-underwriting-performance-in-2025-driving-profit-growth/) - Improved underwriting performance and lower claims costs drove the reinsurer's profit growth, despite a decline in gross premiums. - [WMO flags high risk of El Niño formation in coming months](https://reinasia.com/wmo-flags-high-risk-of-el-nino-formation-in-coming-months/) - El Niño-linked weather shifts could drive higher claims and volatility across lines such as property, agriculture, and health. - [Aviso Specialty adds three M&A insurance hires as expansion push continues](https://reinasia.com/aviso-specialty-adds-three-ma-insurance-hires-as-expansion-push-continues/) - 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. - [FWD names Jeffrey Woo president director of Indonesia business](https://reinasia.com/fwd-names-jeffrey-woo-president-director-of-indonesia-business/) - He has been with the firm for over five years. - [Aon strengthens Indonesia power practice with Herlina Surya hire](https://reinasia.com/aon-strengthens-indonesia-power-practice-with-herlina-surya-hire/) - Former Marsh executive joins as strategic advisor for power amid growing infrastructure and energy sector demand. - [Markel launches fine art and specie unit in Australia, hires Stock to lead](https://reinasia.com/markel-launches-fine-art-specie-business-in-australia-with-matthew-stock-as-new-head/) - Sydney-based Matthew Stock brings three decades of underwriting experience to the new unit. - [Amiga Specialty lands £/$25m Lloyd’s capacity for global yacht risks](https://reinasia.com/amiga-specialty-lands-25m-lloyds-capacity-for-yacht-risks/) - The insurer's yacht unit is expected to lean on its new Hong Kong foothold as it builds a Southeast Asia pipeline. - [Aon reinforces India hub strategy with Bengaluru capability centre expansion](https://reinasia.com/aon-reinforces-india-hub-strategy-with-bengaluru-capability-centre-expansion/) - The broker operates capability centres in Bengaluru, Noida and Gurgaon supporting global operations, alongside client-facing offices in 17 cities across India. - [Toa Re names Masahiro Yamada managing director, appoints Ryo Yokochi Singapore CEO](https://reinasia.com/toa-re-names-masahiro-yamada-managing-director-appoints-ryo-yokochi-singapore-ceo/) - The current non-life underwriting manager succeeds Shiko Misono as head of the reinsurer's Singapore branch. - [AM Best upgrades FuSure Re on shareholder capital injections, disciplined growth plan](https://reinasia.com/am-best-upgrades-fusure-re-on-shareholder-capital-injections-disciplined-growth-plan/) - The reinsurer’s total capital and surplus rose to HK$3.15bn (US$402m) at year-end 2025 after a HK$1bn shareholder injection. - [ICICI Prudential Life hit with US$535K GST demand over FY2023 discrepancies](https://reinasia.com/icici-prudential-life-hit-with-us535k-gst-demand-over-fy2023-discrepancies/) - The life insurer plans to challenge the GST demand tied to alleged discrepancies in its filings. - [Willis Australia reshapes Victorian construction leadership with senior appointments](https://reinasia.com/willis-australia-reshapes-victorian-construction-leadership-with-senior-appointments/) - The leadership transition is designed to support continued growth and deepen relationships with key construction clients. - [Kyobo Life enters bid to acquire Yebyeol General Insurance - Report](https://reinasia.com/kyobo-life-enters-bid-to-acquire-yebyeol-general-insurance-report/) - Kyobo joins Korea Investment Holdings and Heungkuk Fire & Marine Insurance in the bidding race. - [OIC cuts Thai insurance growth outlook as Middle East conflict raises costs](https://reinasia.com/oic-cuts-thai-insurance-growth-outlook-as-middle-east-conflict-raises-costs/) - The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector. - [Aon names Shiney Prasad as head of Global Capability Centres](https://reinasia.com/aon-names-shiney-prasad-as-head-of-global-capability-centres/) - He brings 35 years of industry experience, including as country head for India at Guardian Life. - [IAG reaches settlement with Greensill Bank over trade credit insurance claims](https://reinasia.com/iag-settles-greensill-bank-proceedings/) - Confidential settlement will not have a material impact on financial position or FY2026 results, says IAG. - [Chubb Singapore attains Tier 1 insurer status under MAS framework](https://reinasia.com/chubb-singapore-attains-tier-1-insurer-status-under-mas-framework/) - The classification solidifies Chubb Singapore’s position in the domestic market as a large-scale commercial insurer. - [Pacific Indemnity launches AXA XL-backed management liability cover for Australian mid-market](https://reinasia.com/pacific-indemnity-launches-axa-xl-backed-management-liability-cover-for-australian-mid-market/) - New product targets cyber-triggered claims, social engineering fraud and regulatory investigations - [Structural reshaping, value leap: Unlocking the trillion-yuan new blue ocean of China's health insurance | Guy Carpenter](https://reinasia.com/structural-reshaping-value-leap-unlocking-the-trillion-yuan-new-blue-ocean-of-chinas-health-insurance/) - China’s health insurance market is at a pivotal stage of sustained scale expansion, profound structural transformation, and accelerating momentum shift. Its broad prospects and innovative vitality have attracted significant attention. Scale and structural shifts are creating new opportunities On market size, commercial health insurance premium income reached 997.3 billion yuan (approx. US$147.4bn) in 2025, just - [FWD Group appoints Martin Zingg to board of directors](https://reinasia.com/fwd-group-appoints-martin-zingg-to-board-of-directors/) - He will also serve on the insurer's audit and risk committees. - [Philippines non-life market recalibrates rates amid nat cat pressures — AM Best](https://reinasia.com/philippines-non-life-market-recalibrates-rates-amid-high-nat-cat-pressures-am-best/) - Tighter pricing and higher catastrophe exposure are shaping underwriting trends in the Philippines’ non-life market. - [Hazel Etherington returns to Swiss Re as head of underwriting for Hong Kong, Taiwan and global high net worth](https://reinasia.com/hazel-etherington-returns-to-swiss-re-as-head-of-underwriting-for-hong-kong-taiwan-and-global-high-net-worth/) - She brings nearly 40 years of life and health insurance experience. - [Gallagher Australia taps Charlotte Jolly to lead faith specialty practice](https://reinasia.com/gallagher-taps-charlotte-jolly-to-lead-faith-specialty-practice/) - She previously worked for Marsh, most recently as head of claims for faith and education. - [AFCA opens consultation on rule changes for life insurance genetic testing complaints](https://reinasia.com/afca-opens-consultation-on-rule-changes-for-life-insurance-genetic-testing-complaints/) - Proposed amendments would enable the complaints body to hear disputes arising from Australia's new ban on the use of adverse genetic test results in life insurance underwriting. - [Cyber, data risks dominate Asia D&O risks as boards recalibrate priorities — WTW](https://reinasia.com/cyber-data-risks-dominate-asia-do-risks-as-boards-recalibrate-priorities-wtw/) - Asia’s D&O risk outlook is shifting toward operational and conduct risks, as cyber threats remain dominant. - [Marsh Japan hires Kazutoyo Kobayashi as senior vice president, credit specialties](https://reinasia.com/marsh-japan-hires-kazutoyo-kobayashi-as-senior-vice-president-credit-specialties/) - Kobayashi moves from Munich Re to take on the new role. - [Aon Re appoints Boonphayoong, Thiamthom as treaty directors in Thailand](https://reinasia.com/aon-reinsurance-appoints-boonphayoong-thiamthom-as-treaty-directors-in-thailand/) - The broker strengthened its Thailand team with two senior hires from Lockton Wattana, as it expands in a key growth market. - [Willis India names Chintan Aashwini as director of M&A, Asia](https://reinasia.com/willis-india-names-chintan-aashwini-as-director-of-ma-asia/) - He joins after five years at law firm Shardul Amarchand Mangaldas & Co. - [Aon elevates Natalie Cotter to client director role in Australia financial lines](https://reinasia.com/aon-elevates-natalie-cotter-to-client-director-role-in-australia-financial-lines/) - Based in Sydney, Cotter has held a range of client-facing roles since joining the broker in 2017. - [Mapfre Re hires ex-Swiss Re executive to lead India operations](https://reinasia.com/mapfre-re-hires-ex-swiss-re-executive-to-lead-india-operations/) - Chaturbhuj Bansal will head Mapfre Re's India branch in GIFT City, as the reinsurer strengthens its presence in a key growth market. - [Manulife Hong Kong taps Alibaba Cloud to scale AI innovation](https://reinasia.com/manulife-hong-kong-taps-alibaba-cloud-to-scale-ai-innovation/) - The partners aim to establish a joint AI hub to incubate next-generation applications and develop innovative use cases. - [Specialist Risk Group names Zong Wen Lee as principal, credit & political risk, Asia](https://reinasia.com/specialist-risk-group-names-zong-wen-lee-as-principal-credit-political-risk-asia/) - He brings market expertise and a track record developed across JLT, Markel and WTW. - [New Zealand insurers propose replacing FENZ levy with resilience-focused funding model](https://reinasia.com/new-zealand-insurers-propose-replacing-fenz-levy-with-resilience-focused-funding-model/) - The initiative could redirect NZ$600-700m (US$360-420m) annually towards natural hazard risk reduction while shifting fire services funding to the Crown. - [HK reinsurance segment swings to 2025 underwriting loss](https://reinasia.com/hk-reinsurance-segment-swings-to-2025-underwriting-loss/) - Provisional data shows Hong Kong’s reinsurance inward premiums rose 9.41% in 2025 despite the reversal in underwriting results. - [Amanda Yap-Choong steps into New Zealand CFO role at Aon](https://reinasia.com/amanda-yap-choong-steps-into-new-zealand-cfo-role-at-aon/) - She joins from Westpac, where she had worked for almost two years. - [Samsung, Hanwha, Kyobo join race to acquire KDB Life – Report](https://reinasia.com/samsung-hanwha-kyobo-join-race-to-acquire-kdb-life-report/) - Strong bidding interest in KDB Life reflects expectations of a lower acquisition burden, despite a challenging valuation environment. - [Miramar hires Kenny Thom as head of financial lines for tailored risk](https://reinasia.com/miramar-hires-kenny-thom-as-head-of-financial-lines-for-tailored-risk/) - He joins from American International Group, most recently as senior casualty underwriter - major accounts practice. - [Regulators sharpen focus on growing asset-intensive reinsurance market](https://reinasia.com/global-regulators-sharpen-focus-on-growing-air-market/) - As AIR volume and complexity surge, insurers face rising scrutiny over collateral, counterparty and recapture risks. - [Ding Xiangqun named China NFRA party secretary](https://reinasia.com/ding-xiangqun-named-china-nfra-party-secretary/) - She joins the regulator after serving as the party secretary and chairperson of PICC Group. - [Arch Insurance hires Arion Reuter as senior PI underwriter](https://reinasia.com/arch-insurance-hires-arion-reuter-as-senior-pi-underwriter/) - He joins after a two-year stint at Newline Group. - [Thailand's OIC puts insurers at centre of resilience push as risks and costs rise](https://reinasia.com/thailands-oic-puts-insurers-at-centre-of-resilience-push-as-risks-and-costs-rise/) - The regulator is reshaping the insurance market through a five-year plan that extends regulatory reach to entire corporate groups, tightens capital standards, and pushes insurers to close the country's protection gaps. - [IRDAI fines Nissan Renault Financial Services US$105K over motor insurance distribution breaches](https://reinasia.com/irdai-fines-nissan-renault-financial-services-us105k-over-motor-insurance-distribution-breaches/) - The regulator also issued a warning over shortcomings in customer grievance handling and complaint registration processes. - [Generali GC&C taps Kai Ao as head of business development for Asia](https://reinasia.com/generali-gcc-taps-kai-ao-as-head-of-business-development-for-asia/) - Kai moves to Generali Global Corporate & Commercial after a three-year tenure at Zurich. - [QBE taps Andy Tsui to lead corporate underwriting in HK and Macau, People Risk unit for Asia](https://reinasia.com/qbe-taps-andy-tsui-to-lead-corporate-underwriting-in-hk-and-macau-people-risk-function-for-asia/) - The Hong Kong-based hire brings more than two decades of actuarial, underwriting, and portfolio management experience across APAC. - [Hong Kong IA flags weak intermediary controls in conduct inspection findings](https://reinasia.com/hong-kong-ia-flags-weak-intermediary-controls-in-conduct-inspection-findings/) - The Insurance Authority has urged insurers and brokers to strengthen self-reporting and oversight after inspections found recurring governance and due diligence gaps. - [Omega Insurance Broking Services gets IRDAI warning for regulatory violations](https://reinasia.com/omega-insurance-broking-services-gets-irdai-warning-for-regulatory-violations/) - Broker must strengthen controls on shareholding changes and maintain capital above regulatory thresholds, IRDAI said. - [SBI Life appoints Ramesh Venkateshamurthy as Deputy CEO](https://reinasia.com/sbi-life-appoints-ramesh-venkateshamurthy-as-deputy-ceo/) - Venkateshamurthy brings deep digital banking expertise from SBI to the life insurer. - [South Korea's DB Insurance completes US$1.65bn acquisition of Fortegra](https://reinasia.com/south-koreas-db-insurance-completes-us1-65bn-acquisition-of-fortegra/) - Fortegra will operate independently under its existing leadership as the two companies target growth across the US, Europe and Asia. - [S&P upgrades Hanwha Life, Hanwha General to A+ on stronger capital buffer](https://reinasia.com/sp-upgrades-hanwha-life-hanwha-general-to-a-on-stronger-capital-buffer/) - Profitability is expected to edge higher over the next two years, as Hanwha Life targets a recovery in underwriting margins and leans on steadier earnings from overseas and non-insurance units. - [Lockton names Siva Thangavelu as COO of Malaysia](https://reinasia.com/lockton-names-siva-thangavelu-as-coo-of-malaysia/) - He joins the broker from Swiss Re, where he spent three years. - [Lavanya Mundayur set for return to New India Assurance](https://reinasia.com/lavanya-mundayur-set-for-return-to-new-india-assurance/) - The insurance veteran had spent more than three decades at New India before taking charge of Agriculture Insurance Company of India. - [FPG Insurance completes merger with Mercantile in Philippines](https://reinasia.com/fpg-insurance-completes-merger-with-mercantile-in-philippines/) - The deal marks the formation of one of the Philippines’ top four non-life insurers. - [KFINCO’s earnings remain pressured by construction slowdown as Fitch affirms ‘A+’ rating](https://reinasia.com/kfincos-earnings-remain-pressured-by-construction-slowdown-as-fitch-affirms-a-rating/) - South Korean specialty construction guarantor maintained ‘Very Strong’ capitalisation, supported by a 480% regulatory capital ratio - [Philippines finance chief faces Ombudsman complaint over US$2.7bn transfer from state insurers](https://reinasia.com/philippines-finance-chief-faces-ombudsman-complaint-over-alleged-php167bn-state-insurers-fund-transfers/) - Finance Secretary Ralph Recto rejected the complaint as harassment, stating PHP60bn (US$973.7m) had been returned to PhilHealth. - [Marsh Risk names David Wigley head of commercial in New Zealand](https://reinasia.com/marsh-risk-names-david-wigley-head-of-commercial-in-new-zealand/) - He has been with the broker since 2020. - [Allianz Commercial taps Masahide Naito as head of property, Japan](https://reinasia.com/allianz-commercial-taps-masahide-naito-as-head-of-property-japan/) - He joins after over 4 years at AIG General Insurance. - [Gallagher Australia appoints Blake Gleeson to newly created role of chief client officer](https://reinasia.com/gallagher-australia-appoints-blake-gleeson-to-newly-created-role-of-chief-client-officer/) - The new role comes as the broker looks to strengthen client engagement and consistency across its Australian operations. - [Mahindra, Manulife set up India life insurer as JV plans advance](https://reinasia.com/mahindra-manulife-set-up-india-life-insurer-as-jv-plans-advance/) - The incorporation of Mahindra Manulife Insurance marks an early step in the companies push to address India’s protection gap with a digital-first model. - [GIC Re names Rajesh Laheri as new chief financial officer](https://reinasia.com/gic-re-names-rajesh-laheri-as-new-chief-financial-officer/) - Laheri, who has been with the company since 1998, will succeed V. Balkrishna, who is stepping down from the role. - [Zurich appoints Alan James as assistant general manager and head of distribution for New Zealand](https://reinasia.com/zurich-appoints-alan-james-as-assistant-general-manager-and-head-of-distribution-for-new-zealand/) - The appointment forms part of Zurich’s efforts to strengthen broker engagement and expand its commercial insurance presence in the New Zealand market. - [WTW appoints Cheryl Lee to lead FINEX business in Singapore](https://reinasia.com/wtw-appoints-cheryl-lee-to-lead-finex-business-in-singapore/) - Lee joins the broker from Aon, where she held financial lines roles over a six-year period. - [Hyundai Marine & Fire Insurance targets Southeast Asia, Europe in overseas expansion drive — Report](https://reinasia.com/hyundai-marine-fire-insurance-targets-southeast-asia-europe-in-overseas-expansion-drive-report/) - The Korean insurer is looking to expand beyond its home and established international markets, like Japan and China. - [QBE names Johnny Suen as head of property for Hong Kong](https://reinasia.com/qbe-names-johnny-suen-as-head-of-property-for-hong-kong/) - He will also oversee property risks in Macau, Taiwan, and wholesale for Mainland China. - [Eastspring Investments appoints Fanny Lee as head of intermediary sales for Hong Kong](https://reinasia.com/eastspring-investments-appoints-fanny-lee-as-head-of-intermediary-sales-for-hong-kong/) - Lee joins the asset manager with more than 25 years of private wealth distribution experience across Hong Kong and Greater China. - [Buckle, Gateway insurance sue China Construction Bank for US$13m over Vesttoo LOC fraud](https://reinasia.com/us-insurers-sue-china-construction-bank-for-us13m-over-vesttoo-loc-fraud/) - The latest claim adds to multiple similar actions against China Construction Bank Corporation, with estimated exposure of around US$2.81bn. - [China issues new regulatory framework for insurance asset management](https://reinasia.com/china-issues-new-regulatory-framework-for-insurance-asset-management/) - NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos. - [Specialty lines under extreme stress as Hormuz crisis tests reinsurance resilience — Howden Re](https://reinasia.com/specialty-lines-under-extreme-stress-as-hormuz-crisis-tests-reinsurance-resilience-howden-re/) - A surge in claims and premiums across marine and war-related insurance is testing specialty markets, while reinsurers hold steady on capacity. - [Aon names Lily Mak head of client relationship management, health solutions in Singapore](https://reinasia.com/aon-names-lily-mak-head-of-client-relationship-management-health-solutions-in-singapore/) - She has been with the firm since 2024, most recently as head of client acquisition. - [SEADRIF, UN's FAO launch anticipatory drought insurance pilot in Laos](https://reinasia.com/seadrif-uns-fao-launch-anticipatory-drought-insurance-pilot-in-laos/) - As mainland Southeast Asia braces for a potential return of El Niño in 2026–27, SEADRIF and the FAO have rolled out an index-triggered drought insurance pilot in Laos. - [AM Best places Labuan Re under review as MNRB moves to buy 80% stake](https://reinasia.com/am-best-places-labuan-re-ratings-under-review-on-mnrb-80-acquisition-plan/) - The deal, valued at US$100.69m, is set to close in Q4, with ratings under review pending completion and assessment of Labuan Re’s credit fundamentals. - [Thailand’s OIC rolls out second ASEAN life insurance leadership programme targeting ageing risks](https://reinasia.com/thailands-oic-rolls-out-second-asean-life-insurance-leadership-programme-targeting-ageing-risks/) - The initiative brings together regulators and industry executives across ASEAN to discuss longevity, AI adoption and resilience in the life insurance sector. - [BYD offers insurance guarantee for assisted-driving systems](https://reinasia.com/byd-offers-insurance-guarantee-for-assisted-driving-systems/) - The Chinese EV maker will cover repair costs and compensation for accidents under its God's Eye assisted-driving system, and has pledged that claims will not raise policyholders' premiums. - [Aon hires Abhinav Chatterjee for life solutions team in India](https://reinasia.com/aon-hires-abhinav-chatterjee-for-life-solutions-team-in-india/) - The hire strengthens Aon’s actuarial capabilities in India amid increasing regulatory and accounting requirements. - [Starr taps Jane Tung as head of casualty in Hong Kong](https://reinasia.com/starr-taps-jane-tung-head-of-casualty-in-hong-kong/) - She joins after over seven years at Swiss Re CorSo. - [Middle East conflict losses ‘manageable’ for specialty P&C insurers – Morningstar](https://reinasia.com/middle-east-conflict-losses-manageable-for-specialty-pc-insurers-morningstar/) - Demand is rising for political risk, trade credit and energy cover, while a prolonged Hormuz disruption could still push up losses. - [Niyam appoints Ruchi Sheth as director for marine and energy](https://reinasia.com/niyam-appoints-ruchi-sheth-as-director-for-marine-and-energy/) - She joins after working at TATA AIG for over eight years. - [GIC Re cuts FY2026 underwriting loss by 47% as gross premium rises 7%](https://reinasia.com/gic-re-cuts-fy2026-underwriting-loss-by-47-as-gross-premium-rises-7/) - Claims pressure eased over the year, although the reinsurer’s combined ratio remained above break-even. - [India's Ather Energy forms insurance subsidiary to expand distribution capabilities](https://reinasia.com/ather-energy-forms-insurance-subsidiary-to-expand-distribution-capabilities/) - The electric vehicle manufacturer has formed Ather Insurance Limited as a distribution-led play to facilitate insurance sales within its ecosystem - [Direct customer ownership key to improving profitability for India's general insurers — Praxis](https://reinasia.com/direct-customer-ownership-key-to-improving-underwriting-profitability-for-indias-general-insurers-praxis/) - Persistent underwriting losses and high distribution costs weigh on India’s general insurers, with direct models and customer ownership seen as key to improving economics. - [AIG appoints Tilden Goh as head of energy for Asia-Pacific](https://reinasia.com/aig-appoints-tilden-goh-as-head-of-energy-for-asia-pacific/) - Goh brings more than three decades of underwriting experience across complex energy portfolios. - [India eyes US$1bn LIC stake sale next month — Report](https://reinasia.com/india-eyes-us1bn-lic-stake-sale-next-month-report/) - The government is reportedly planning to divest around 2% in the state-owned life insurer as part of efforts to meet public shareholding requirements. - [Korea FTC raids 8 non-life insurers over alleged bid rigging in group accident cover – Reports](https://reinasia.com/south-korea-ftc-raids-8-non-life-insurers-over-alleged-bid-rigging-in-group-accident-cover-reports/) - Investigators from the Fair Trade Commission visited the headquarters of eight insurers to secure materials linked to corporate group accident insurance tenders. - [Aon appoints Christian Hoffman as global CEO of commercial risk](https://reinasia.com/aon-appoints-christian-hoffman-as-global-ceo-of-commercial-risk/) - Hoffman takes on the role after more than two decades at Aon and prior underwriting experience at Chubb. - [IAG partners with First Nations Foundation to expand insurance literacy programmes in Indigenous communities](https://reinasia.com/iag-partners-with-first-nations-foundation-to-expand-insurance-literacy-programmes-in-indigenous-communities/) - The three-year partnership will support the development of insurance-focused financial education initiatives aimed at improving risk awareness and financial inclusion among Aboriginal and Torres Strait Islander peoples. - [Myth or Mythos?: Anthropic's caged AI model sharpens cyber risk debate for APAC insurers](https://reinasia.com/myth-or-mythos-anthropics-caged-ai-model-sharpens-cyber-risk-debate-for-apac-insurers/) - Insurers in APAC review cyber exposure, policy terms and emerging AI liabilities as advanced models prompt regulatory and underwriting scrutiny. - [Korea FSC conditionally approves Lotte Insurance management improvement plan](https://reinasia.com/korea-fsc-conditionally-approves-lotte-insurance-management-improvement-plan/) - South Korea’s Financial Services Commission (FSC) has conditionally approved Lotte Insurance’s management improvement plan, submitted in late April, following a regulatory management improvement requirement. The FSC said the decision was made at its regular meeting on 27 May, with the conditions tied to measures in the plan to strengthen the insurer’s capital adequacy. However, under - [India life insurers’ new business premiums jump 39% in April, led by group business growth](https://reinasia.com/india-life-insurers-new-business-premiums-jump-39-in-april-led-by-group-business-growth/) - India’s life insurers kicked off the financial year with strong growth, led by group business expansion that boosted both premium collections and overall coverage levels. - [Prudential Life Japan core profit slips 13% in FY2025 as misconduct response lifts costs](https://reinasia.com/prudential-life-japan-core-profit-slips-13-in-fy2025-as-misconduct-response-lifts-costs/) - The insurer logged a JPY4.7bn (US$29.5m) customer redress provision and increased remediation spending following staff misconduct. - [PERILS puts late-2025 Queensland/NSW storm losses at A$2.94bn in third estimate](https://reinasia.com/perils-puts-late-2025-queensland-nsw-storm-losses-at-a2-94bn-in-third-estimate/) - Personal lines property drove most of the losses, while motor claims were only 12% despite hailstones up to 14cm. - [APRA identifies key reform areas for TPD insurance design](https://reinasia.com/apra-urges-rethink-of-disability-cover-design-as-mental-health-claims-surge/) - The regulator identified TPD claims management, product design and stakeholder alignment as key areas needing reform. - [South Korean insurers post higher profits in Q1 2026 as investment gains offset weaker underwriting](https://reinasia.com/south-korean-insurers-post-higher-profits-in-q1-2026-as-investment-gains-offset-weaker-underwriting/) - The country's life insurers experienced adverse losses, offsetting premium growth, while non-lifers posted stable insurance income during the quarter. - [Generali GC&C launches digital risk engineering and loss prevention tool](https://reinasia.com/generali-gcc-launches-digital-risk-engineering-and-loss-prevention-tool/) - MetaRELP platform uses immersive and augmented reality technology to support risk engineer training and client risk engagement. - [South Korea explores strengthening of space insurance capacity for commercial launches](https://reinasia.com/south-korea-explores-strengthening-space-insurance-capacity-for-commercial-launches/) - The space agency's review found that domestic insurers currently lack sufficient capacity to underwrite large and complex space risks, leading to heavy dependence on international reinsurance markets. - [Insurers better prepared for rare disease outbreaks after COVID-19 lessons — AM Best](https://reinasia.com/insurers-better-prepared-for-rare-disease-outbreaks-after-covid-19-lessons-am-best/) - Recent Ebola and hantavirus outbreaks pose limited systemic risk, but insurers should continue exposure management and regular stress testing. - [Generali launches Redion to unify global assistance and employee benefits units](https://reinasia.com/generali-launches-redion-to-unify-global-assistance-and-employee-benefits-units/) - The move follows the integration of Swiss Life Network into Generali’s multinational benefits business and brings together operations across more than 190 countries with EUR5.8bn in annual business volume. - [Australia and New Zealand lead APAC insurance M&A in Q1 as India activity slows](https://reinasia.com/australia-new-zealand-lead-apac-insurance-ma-in-q1-as-india-activity-slows/) - Cross-border expansion by global insurers underpinned Asia-Pacific insurance M&A in Q1 2026, with a rebound in Australia and New Zealand. - [Allianz Malaysia's revenue up 6.7% in Q1](https://reinasia.com/allianz-malaysia-berhad-q1-revenue-up-6-7-on-stronger-motor-investment-linked-business/) - The insurer posted a RM1.63bn (US$410.94m) quarterly revenue, driven by growth across both life and general insurance. - [Manulife Philippines appoints Manish Sangal as deputy CEO](https://reinasia.com/manulife-philippines-appoints-manish-sangal-as-deputy-ceo/) - He moves from Manulife Vietnam, bringing more than two decades of insurance distribution leadership experience across Asia. - [IRDAI links executive pay to policyholder outcomes, underwriting metrics](https://reinasia.com/irdai-links-executive-pay-to-policyholder-outcomes-underwriting-metrics/) - The updated guidelines also incorporate parameters such as the implementation of Indian Accounting Standards and the removal of “dark patterns” in customer interactions. - [Asia a key growth engine for cyber insurance market: CyberCube, UIB](https://reinasia.com/asia-a-key-growth-engine-for-cyber-insurance-market-cybercube-uib/) - Low penetration, rising ransomware risks, and SMEs among factors expected to drive regional market expansion. - [Claims handling breaches rise across Australia’s general insurance sector](https://reinasia.com/claims-handling-breaches-rise-across-australias-general-insurance-sector/) - Home and motor lines drove a rise in breaches, while some segments showed improvement in compliance levels. - [Shenergy P&C, China Coal hold key liability covers for China’s deadliest coal mine accident since 2009](https://reinasia.com/shenergy-pc-china-coal-hold-key-liability-covers-for-chinas-deadliest-coal-mine-accident-since-2009/) - Shenergy P&C, which underwrote the mine's work safety liability, has prepared an advance claims fund, while more than 50 insurers have activated fast-track processes to cover the policies of affected workers and their families. - [Go Digit receives US$2.1m GST show-cause notice over input tax credit claims](https://reinasia.com/go-digit-receives-us2-1m-gst-show-cause-notice-over-input-tax-credit-claims/) - The tax authority has raised a demand over alleged ineligible input tax credit for the period spanning FY2023 to FY2024. - [Zurich’s US$10.9bn Beazley acquisition enters Australian competition review](https://reinasia.com/zurichs-us10-9bn-beazley-acquisition-enters-australian-competition-review/) - The regulator has begun a Phase I review of the proposed transaction, seeking market feedback on potential overlaps and competitive impact. - [LIC raises stake in Central Bank of India to over 6%](https://reinasia.com/lic-raises-stake-in-central-bank-of-india-to-over-6/) - The state-owned insurer raised its holding through market purchases, crossing the regulatory threshold that requires disclosure of significant shareholding. - [Extending CSLR levies to general insurers would force policyholders to subsidise losses — ICA](https://reinasia.com/extending-cslr-levies-general-insurers-force-policyholders-subsidise-losses-ica/) - The Insurance Council of Australia has urged Treasury to focus Compensation Scheme of Last Resort reforms on addressing misconduct and structural issues rather than broadening industry levies. - [Insurance Regulator of Cambodia, ANZIIF sign MoU on insurance training and professional standards](https://reinasia.com/insurance-regulator-of-cambodia-anziif-sign-mou-on-insurance-training-and-professional-standards/) - Partnership will focus on capability building, knowledge-sharing, and industry research initiatives. - [Singapore life insurers’ new business premiums rise 14.3% in Q1 as claims, maturity payouts hit S$5.79bn](https://reinasia.com/singapore-life-insurers-new-business-premiums-rise-14-3-in-q1-as-claims-maturity-payouts-hit-s5-79bn/) - Single premium sales jumped 36.5%, while banks remained the largest distribution channel for new business, accounting for S$593m (US$466m) of weighted premiums. - [Heavy rains in central, southern China trigger 33,000 insurance claims, US$110m in estimated losses](https://reinasia.com/heavy-rains-in-central-southern-china-trigger-33000-insurance-claims-us110m-in-estimated-losses/) - China's insurers have paid or advanced 210m yuan (US$29m) to policyholders as the NFRA orders fast-track claims handling following floods and landslides across six regions. - [Michael Skeens promoted to newly created chief operation officer post at Tower Insurance](https://reinasia.com/michael-skeens-promoted-to-newly-created-chief-operation-officer-post-at-tower-insurance/) - He joined the insurer in 2024 and was most recently its head of customer contact centre. - [Manulife Investment Management promotes Franklin to head multi-asset solutions for Asia](https://reinasia.com/manulife-investment-management-promotes-franklin-to-head-multi-asset-solutions-for-asia/) - He has been with the business since 2021. - [Mercer Marsh Benefits names Lawrence Poh as first facility and voluntary benefits leader for Asia](https://reinasia.com/mercer-marsh-benefits-names-lawrence-poh-as-first-facility-and-voluntary-benefits-leader-for-asia/) - Poh will oversee the rollout of multi-year voluntary solutions for health, life, and general insurance across Asia. - [APRA flags cyber, AI, and supply chain threats as key risks for insurers](https://reinasia.com/apra-flags-ai-governance-cyber-resilience-and-supply-chain-pressures-in-latest-system-risk-review/) - The regulator warned that rising cyber threats and heavy reliance on a small pool of critical service providers could amplify operational shocks. - [Howden Asia appoints Manikandan Krishnamoorthy as regional director for risk and engineering advisory](https://reinasia.com/howden-asia-appoints-mani-kandan-as-regional-director-for-risk-and-engineering-advisory/) - He joins the broker after over two decades with FM. - [HK general insurers' underwriting profits soar 175% in 2025 as AIA leads health charge, P&I clubs drive offshore gains](https://reinasia.com/hong-kong-gi-underwriting-profits-soar-175-in-2025-as-aia-leads-health-charge-pi-clubs-drive-offshore-gains/) - The impact of the Wang Fuk Court fire offset some of the sector’s growth, with property damage profits falling sharply last year. - [DB Insurance sets May closing for US$1.65bn Fortegra acquisition](https://reinasia.com/db-insurance-sets-may-closing-for-us1-65bn-fortegra-acquisition/) - The South Korean insurer moves closer to completing Fortegra acquisition, advancing its international expansion strategy in the US market. - [Ping An P&C profits from NEV business line in 2025 as AM Best affirms ratings](https://reinasia.com/ping-an-pc-profits-from-nev-business-line-in-2025-as-am-best-affirms-ratings/) - Insurer reported insurance service revenue of CNY338.9bn (US$48.4bn) and a 10.3% return on equity in 2025. - [Korea launches marine war-risk pool for ships in the Strait of Hormuz](https://reinasia.com/korea-launches-marine-war-risk-pool-for-ships-in-the-strait-of-hormuz/) - The KRW300bn (US$197.5m) facility aims to ease costs and secure cover for smaller Korean shipping firms exposed to heightened Middle East risks. - [Allianz Commercial appoints Karol Dobias as Global Head of Multinational](https://reinasia.com/allianz-commercial-appoints-karol-dobias-as-global-head-of-multinational/) - Dobias brings senior underwriting and leadership experience across Europe and Asia to his new role as Global Head of Multinational at Allianz Commercial. - [Howden appoints Anthony Hong as head of surety for Asia](https://reinasia.com/howden-appoints-anthony-hong-as-head-of-surety-for-asia/) - He joins after more than six years at Aon, where he most recently served as global surety and Korean ECAs lead. - [Australian regulators press insurers on disability cover pressures at CEO roundtable](https://reinasia.com/australian-regulators-press-insurers-on-disability-cover-pressures-at-ceo-roundtable/) - As rising claims and mental health risks put pressure on disability insurance, APRA and ASIC are pushing insurers to improve product designs and sustainability. - [LIC reports strong VNB growth in FY2026 on higher-margin non-participating product mix ](https://reinasia.com/lic-reports-strong-vnb-growth-in-fy2026-on-higher-margin-non-participating-product-mix/) - LIC’s FY2026 performance was driven by strong growth in annual premium equivalent (APE) and a sharp improvement in value of new business (VNB), supported by a rising contribution from higher-margin non-par products. - [India’s jUMPP secures IRDAI approval to enter insurance distribution](https://reinasia.com/indias-jumpp-secures-irdai-approval-to-enter-insurance-distribution/) - The fintech platform plans to expand into health, life, motor, business and home insurance offerings through insurer partnerships. - [Andrew Hare joins Guy Carpenter as head of growth for APAC](https://reinasia.com/andrew-hare-joins-guy-carpenter-as-head-of-growth-for-apac/) - He brings extensive industry experience, including 17 years at Aon, where he held various leadership roles. - [FM rolls out worldwide hail hazard map as losses climb](https://reinasia.com/fm-rolls-out-worldwide-hail-hazard-map-as-losses-climb/) - The map uses 500,000+ observations to add detail on hailstone size and impact energy for sharper risk assessment. - [Gallagher Re taps Carlos Grijalva as head of cyber for APAC](https://reinasia.com/gallagher-re-names-carlos-grijalva-as-head-of-cyber-apac/) - He joins the reinsurance broker after three years with Willis. - [Underwriting performance of Bolttech Insurance HK expected to recover in 2026 — Fitch](https://reinasia.com/fitch-ratings-affirms-bolttech-insurances-bbb-rating-on-expected-underwriting-recovery/) - Insurer's net loss of HK$31m (US$3.96m) in 2025 comes after a profit in 2024, and a recent shift in business mix should help reduce loss exposure, says the ratings agency. - [MNRB sees profits rise 38.3% in FY2026, as Malaysian Re improves COR to 74.2%](https://reinasia.com/mnrb-holdings-sees-profits-rise-38-3-in-fy-2026-as-malaysian-re-improves-cor-to-74-2/) - Profit after tax breached the RM500m mark for the first time, with Malaysian Re and Takaful IKHLAS both posting higher profits. - [Wilton Kee to succeed Patrick Graham as Manulife Hong Kong and Macau CEO](https://reinasia.com/wilton-kee-to-succeed-patrick-graham-as-manulife-hong-kong-and-macau-ceo/) - Kee's appointment is set to take effect on 1 July 2026, with Graham relocating as serve as President and CEO of Manulife Canada. - [Fitch flags APAC insurers’ private credit exposure as ‘manageable’ amid rising allocations](https://reinasia.com/fitch-flags-apac-insurers-private-credit-exposure-as-manageable-despite-rising-allocations/) - Private credit was still a small part of APAC insurers’ portfolios in 2025, usually under 5% of total assets, though allocations have been rising. - [Generali reports strong Q1 life performance driven by Asia](https://reinasia.com/generali-reports-strong-q1-life-performance-driven-by-asia/) - Generali’s Q1 results show solid life growth and asset management gains, while nat cat losses weigh on P&C performance. - [MNRB to acquire remaining 80% of Labuan Re for US$100m](https://reinasia.com/mnrb-to-acquire-remaining-80-of-labuan-re-for-us100m/) - The deal will lift the group's ownership of Labuan Re to 100% and is slated to be completed by the fourth quarter of 2026. - [Hantavirus should be modelled as severe, but presents limited systemic risk — SCOR](https://reinasia.com/hantavirus-should-be-modelled-as-severe-but-presents-limited-systemic-risk-scor/) - The reinsurer said the virus lacks the aggregation and systemic exposure characteristics associated with COVID-19 and other widespread respiratory outbreaks. - [ASIC flags governance gaps in tech-led insurance innovation](https://reinasia.com/asic-flags-governance-gaps-in-tech-led-insurance-innovation/) - The Australian regulator highlights emerging conduct, accountability and governance challenges as insurers expand AI use and distribution through digital platforms. - [Tokio Marine leans on overseas growth as Greensill, equity sales weigh on net profit in FY2025](https://reinasia.com/tokio-marine-leans-on-overseas-growth-as-greensill-equity-sales-weigh-on-net-profit-in-fy2025/) - Underlying earnings improved even as equity‑sale gains faded, with strong international profitability and lower nat‑cat losses more than offsetting a softer Japan P&C result. - [IRDAI pauses CEO bonuses over expense breaches — Report](https://reinasia.com/irdai-withholds-ceo-bonuses-over-expense-breaches-report/) - Expense breaches prompt the regulator to withhold CEO bonuses, with a stricter stance on significant violations. - [Willis, Global Parametrics, Bao Minh policy pays out to Vietnamese coffee farmers after heavy rainfall](https://reinasia.com/willis-global-parametrics-bao-minh-policy-pays-out-to-vietnamese-coffee-farmers-after-heavy-rainfall/) - This marks a second parametric payout to Vietnamese coffee farmers, highlighting expanding climate risk protection through separate policies. - [Australia's Victor Pacific appoints Carly Martin as head of underwriting operations](https://reinasia.com/australias-victor-pacific-appoints-carly-martin-as-head-of-underwriting-operations/) - Martin joins after nearly two decades at QBE Insurance, where she most recently served as senior manager, underwriting enablement. - [MSIG Malaysia pledges US$25k to support underprivileged students](https://reinasia.com/msig-malaysia-pledges-us25k-to-support-underprivileged-students/) - Support through the MyKasih programme will help fund cashless bursaries and student development activities for 89 students at SK Bukit Tadom in Banting during the 2026 academic year. - [Zurich elevates Giles Crowley to newly created APAC post as Australia revamps leadership roles](https://reinasia.com/zurich-elevates-giles-crowley-to-newly-created-apac-post-as-part-of-australia-leadership-revamp/) - Crowley will move to Singapore, while Sarah Powell, Sebastian Francis‑Gash take on new leadership roles. - [A line in the strand: What Australia's genetic testing ban means for the life insurance industry](https://reinasia.com/a-line-in-the-strand-what-australias-genetic-testing-ban-means-for-the-life-insurance-industry/) - A total ban on genetic discrimination in life insurance triggers a major compliance overhaul aimed at boosting public health outcomes - [Vietnamese coffee farmers receive first payout from parametric insurance programme](https://reinasia.com/vietnamese-coffee-farmers-receive-first-payout-from-parametric-insurance-programme/) - The Coffee Climate Protection Insurance programme is a collaboration between Willis, Global Parametrics, and Bao Minh. - [Gavin Maistry to succeed Daniel Cossette as Munich Re's Life and Health chief for APAC MEA](https://reinasia.com/gavin-maistry-to-succeed-daniel-cossette-as-munich-res-life-and-health-chief-for-apac-mea/) - Cossette will retire after nearly two decades with the business. - [Data-led renewals in focus as APAC employee benefits costs rise – Pacific Prime](https://reinasia.com/data-led-renewals-in-focus-as-apac-benefits-costs-rise/) - AI use in claims, risk assessment and fraud detection is becoming more relevant as employers seek more targeted ways to manage benefits spend. - [Sumitomo Life, Dai-ichi Life looking for higher returns in private credit – Report](https://reinasia.com/sumitomo-life-dai-ichi-life-turn-to-private-credit-as-japan-insurers-seek-higher-returns/) - The development comes as Japanese life insurers are looking to lift portfolio yields after years of balance-sheet rebalancing ahead of new capital rules. - [PERWAKIM launches nationwide drive to strengthen Malaysia’s general insurance agency sector](https://reinasia.com/perwakim-launches-nationwide-drive-to-strengthen-malaysias-general-insurance-agency-sector/) - The campaign will focus on cooperative-based wealth creation, professional education, and access to professional indemnity insurance protection. - [Union Insurance posts record-low 91.1% net combined ratio in 2025 — AM Best](https://reinasia.com/union-insurance-posts-record-low-91-1-net-combined-ratio-in-2025-am-best/) - The insurer had refined its underwriting strategy to improve profitability while expanding its accident and health and commercial liability businesses, according to the ratings agency. - [APRA revokes Eric Insurance licence following exit from market](https://reinasia.com/apra-revokes-eric-insurance-licence-after-exit-from-market/) - The move caps a wind-down triggered by 2021 reforms to the car add-on insurance market. - [Sompo profit surges in FY2025 on underwriting recovery and investment gains](https://reinasia.com/sompo-profit-surges-in-fy2025-on-underwriting-recovery-and-investment-gains/) - Sompo’s FY2025 results were driven by improved underwriting margins and earnings further supported by strong investment gains. - [Aon appoints Chris Camerieri as enterprise client group growth leader for APAC](https://reinasia.com/aon-appoints-chris-camerieri-as-enterprise-client-group-growth-leader-for-apac/) - He moves into the regional growth role after eight years as CEO of Aon’s Centre for Innovation and Analytics. - [Greater China’s green transition is built on discipline, not speed](https://reinasia.com/greater-chinas-green-transition-is-built-on-discipline-not-speed/) - Julia Ju, Regional Executive Director, Hong Kong, The Swedish Club - [AIG appoints Jeeranun Pitaksak as head of Southeast Asia partnerships](https://reinasia.com/aig-appoints-jeeranun-pitaksak-as-head-of-southeast-asia-partnerships/) - Pitaksak moves after over 12 years at Chubb, where she was most recently head of accident and health. - [Prudential seeks up to 18 months to cut ICICI Prudential Life stake after Bharti Life deal — report](https://reinasia.com/prudential-seeks-up-to-18-months-to-cut-icici-prudential-life-stake-after-bharti-life-deal-report/) - Prudential’s planned acquisition of a 75% stake in Bharti Life Insurance will trigger regulatory requirements on its shareholding in ICICI Prudential Life Insurance. - [Hong Kong GI direct premiums fall 11% in Q4 as offshore contracts, but full-year profit rebounds](https://reinasia.com/hong-kong-gi-direct-premiums-fall-11-in-q4-as-offshore-contracts-but-full-year-profit-rebounds/) - Offshore premiums halved, onshore property claims rose, but full-year profits jumped almost 175% in 2025. - [Bianca Ilibasic appointed MD for Sun Life Global Solutions](https://reinasia.com/bianca-ilibasic-appointed-md-for-sun-life-global-solutions/) - She will oversee Sun Life’s capability centres in India and the Philippines, while supporting operations across 28 markets. - [Developing El Niño expected to lift typhoon risk for Greater China, Korea, Japan — Munich Re](https://reinasia.com/el-nino-expected-to-lift-typhoon-risk-for-greater-china-korea-and-japan-munich-re/) - The phenomenon could strengthen into a “Super El Niño” by the end of the year and drive a more active Northwest Pacific typhoon season. - [Leigh Harrington returns to Crawford as QLD strata team leader](https://reinasia.com/leigh-harrington-returns-to-crawford-as-qld-strata-team-leader/) - He rejoins the firm after over three years at Chubb, where he was most recently a road adjuster. - [Zurich promotes Kin Lee to APAC energy head](https://reinasia.com/zurich-promotes-kin-lee-to-apac-energy-head/) - He has been with the company since 2023, most recently as head of onshore energy. - [Hong Kong life new business jumps 33% in Q4 as wealth-focused policies gain traction](https://reinasia.com/hong-kong-life-new-business-jumps-33-in-q4-as-wealth-focused-policies-gain-traction/) - Single-premium and investment-linked products lifted sales, while full-year new business surged more than 50% in 2025. - [Willis launches integrated carbon capture insurance solution](https://reinasia.com/willis-launches-integrated-carbon-capture-insurance-solution/) - As demand for CCS insurance solutions grows across APAC, Willis has introduced a tailored CCS offering, positioned to aid the region's decarbonisation. - [India’s cyber insurance demand grows as DPDP Act reshapes underwriting focus](https://reinasia.com/indias-cyber-insurance-demand-grows-as-dpdp-act-reshapes-underwriting-focus/) - Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure. - [Marsh to acquire ENEOS insurance units in Japan](https://reinasia.com/marsh-announces-acquisition-of-eneos-insurance-in-japan/) - The broker will acquire ENEOS Insurance Service and ENEOS Material Trading from the Japanese energy group, with closing expected in Q3 2026. - [Aon Malaysia promotes Ming Hui Lim and Ram Lakhan Nandrajog to new leadership roles](https://reinasia.com/aon-malaysia-promotes-ming-hui-lim-and-ram-lakhan-nandrajog-to-new-leadership-roles/) - Lim steps up as head of commercial risk solutions while Nandrajog becomes chief broking officer and head of financial specialties. - [Aon taps Tokio Marine's Masahito Hirai as Japan CEO](https://reinasia.com/aon-taps-tokio-marines-masahito-hirai-as-japan-ceo/) - He is set to take up the role on 30 June, succeeding Tatsuya Yamamoto. - [Japan’s reinsurance market enters a spikier, more volatile phase](https://reinasia.com/japans-reinsurance-market-enters-a-spikier-more-volatile-phase/) - Deepening competition has brought faster, more pronounced underwriting cycles. - [Prudential's acquisition of controlling stake in Bharti Life seen as credit neutral — Moody's](https://reinasia.com/prudentials-acquisition-of-controlling-stake-in-bharti-life-seen-as-credit-neutral-moodys/) - Insurer repositioning in India is expected to have limited credit impact, with existing resources funding the transaction, Moody’s says. - [Markel, Willis launch nuclear insurance facility amid AI-driven energy demand](https://reinasia.com/markel-willis-launch-nuclear-insurance-facility-amid-ai-driven-energy-demand/) - The new facility will provide property damage and business interruption cover for both nuclear-critical and conventional risks, from construction to operation. - [India's finance ministry directs state-run insurers, banks to implement austerity measures](https://reinasia.com/indias-finance-ministry-directs-state-run-insurers-banks-to-implement-austerity-measures/) - The Department of Financial Services also ordered meetings to be held virtually where possible, while calling for a phased transition from petrol and diesel vehicles to electric cars. - [Cyber insurance gaps persist despite rising AI-linked risks — QBE](https://reinasia.com/cyber-insurance-gaps-persist-despite-rising-ai-linked-risks-new-qbe-global-survey/) - QBE’s survey finds that nearly half of Hong Kong construction firms lack cyber cover, with supply chain attacks in Hong Kong and Singapore outpacing the global average. - [New Zealand study quantifies Auckland volcanic gas risk for first time](https://reinasia.com/new-zealand-study-quantifies-auckland-volcanic-gas-risk-for-first-time/) - Findings show how gas release rates during a volcanic eruption could have an impact on health, buildings and infrastructure. - [ARPC says cyclone pool cut premiums up to 37% in highest-risk zones as availability improves](https://reinasia.com/arpc-says-cyclone-pool-cut-premiums-37-in-highest-risk-zones-as-availability-improves/) - Premiums for medium-to-high risk homes dropped and quote success rates rose, but lowest-risk areas saw a 31% premium rise driven by broader market forces. - [Insurers tighten risk scrutiny as APAC construction activity remains resilient — Aon](https://reinasia.com/insurers-tighten-risk-scrutiny-as-apac-construction-activity-remains-resilient-aon/) - Insurers are prioritising catastrophe risk and delay exposure as high-value projects sustain construction activity across the region. - [SEADRIF appoints Richard Poulter to lead Sovereign Asset and Fiscal Empowerment Facility](https://reinasia.com/seadrif-appoints-richard-poulter-to-lead-sovereign-asset-and-fiscal-empowerment-facility/) - He joins from Pacific Catastrophe Risk Insurance Company, where he was CRO. - [Starr welcomes Jean Michoud as regional travel partnerships lead, Asia-Pacific](https://reinasia.com/starr-welcomes-jean-michoud-as-regional-travel-partnerships-lead-asia-pacific/) - He brings over 15 years of experience across insurance, financial services, and digital distribution, with prior stints at Liberty Mutual Insurance and Manulife. - [Generali announces CEO and CDO appointments for Malaysian entities](https://reinasia.com/generali-announces-ceo-and-cdo-appointments-for-malaysian-entities/) - Soo Wai Har appointed CEO of Generali Life Insurance and Lee Chee Fooi named Chief Distribution Officer of Generali Insurance. - [Everest's Maureen Ung makes swift transition to Commercial Director, Asia](https://reinasia.com/everests-maureen-ung-makes-swift-transition-to-commercial-director-asia/) - Ung has made an immediate impact at the (re)insurer, having joined in July as Head of Claims. - [David Lim joins Sun Life as Chief Agency Officer, Asia](https://reinasia.com/david-lim-joins-sun-life-as-chief-agency-officer-asia/) - Hong Kong-based Lim moves after 12 years with Prudential. - [Ben Church officially appointed General Manager Broker Distribution at Allianz Commercial Australia](https://reinasia.com/allianz-commercial-australia-promotes-church-to-general-manager-broker-distribution/) - Church has served in the position in an acting capacity for the past six months. - [Manulife promotes Albert Mak to Chief Agency Officer for Hong Kong and Macau](https://reinasia.com/manulife-hong-kong-promotes-albert-mak-to-chief-agency-officer/) - Mak joined the company in 2019 and has been elevated from his role as Head of Business Development & Agency Training. - [HSBC Life Hong Kong appoints new COO and CDO](https://reinasia.com/hsbc-life-hong-kong-appoints-new-coo-and-cdo/) - Anita Menon (left) promoted to Chief Operating Officer and Angela Chan (right) elevated to Chief Distribution Officer. - [AIA NZ appoints Hannah Anderson, Ben McQuay in lead retail distribution and corporate solutions roles](https://reinasia.com/aia-nz-appoints-hannah-anderson-ben-mcquay-in-lead-retail-distribution-and-corporate-solutions-roles/) - Newly created roles mark a change in the insurer's evolving distribution framework. - [Zurich Kotak eyes commercial insurance expansion with two key appointments](https://reinasia.com/zurich-kotak-strengthens-commercial-insurance-team-with-key-distribution-hires/) - Insurer appoints Ranjit Bhargava as Head of Distribution and Sumit Gupta as EVP for Distribution. - [Chubb appoints three new division heads for Singapore](https://reinasia.com/chubb-appoints-three-new-division-heads-for-singapore/) - Lucas Teng, Jerry Ng, and Eric Kwan handle consumer, distribution, and property and casualty, respectively. - [Bupa launches cross-border health insurance plan for Hong Kong residents](https://reinasia.com/bupa-launches-cross-border-health-insurance-plan-for-hong-kong-residents/) - The Care Bridge Health Insurance Scheme combines inpatient coverage in Hong Kong and Mainland China with outpatient and preventive care services in Hong Kong. - [Liberty raises stake in India unit to 74%](https://reinasia.com/liberty-raises-stake-in-india-unit-to-74/) - The move marks its second increase in less than a year as the group builds its position in the country. - [Philippine insurers’ premium up 13.15% in Q1](https://reinasia.com/philippine-insurers-premium-up-13-15-in-q1/) - Industry net income, however, declined 1.75% year on year as higher benefit payments weighed on profitability. - [India's general insurers open FY2026-27 with 8.3% premium growth in April](https://reinasia.com/indias-general-insurers-open-fy2026-27-with-8-3-premium-growth-in-april/) - Industry-wide premiums climbed to a record ₹364.18bn (US$3.82bn), supported by continued strong performances from Tata AIG and Care Health. - [Sports Underwriting Australia joins Miramar Group, rebrands as Miramar Sports](https://reinasia.com/sports-underwriting-australia-joins-miramar-groups-specialty-platform/) - The move brings bespoke sports and leisure cover to Miramar’s recently launched MGA network. - [Zurich: Malaysia's mental health impact could cause US$8.55bn in productivity losses by 2030](https://reinasia.com/zurich-malaysia-mental-health-burden-could-hit-rm34bn-in-productivity-losses-by-2030/) - The insurer says much of the impact will fall on households, with unpaid care projected at 123 million hours and 42% of treatment costs paid out of pocket by 2030. - [Zhibao Labuan Reinsurance appoints Jun Xu as independent director to the board](https://reinasia.com/zhibao-labuan-reinsurance-appoints-jun-xu-as-independent-director-to-the-board/) - She joins the board after a 15-year tenure at Lloyd’s China, where she most recently served as COO & deputy general manager. - [FWD Group taps Mark Bensman as chief officer for high net worth](https://reinasia.com/fwd-group-taps-mark-bensman-as-chief-officer-for-high-net-worth/) - He moves after 18 years at Manulife, where he was most recently chief distribution officer. - [Cowbell names Gerry Power as Australia GM to drive market push](https://reinasia.com/cowbell-names-gerry-power-as-australia-gm-to-drive-market-push/) - Power brings over 35 years of industry experience across underwriting, distribution, and governance to the cyber MGA. - [Prudential to acquire 75% stake in India’s Bharti Life for US$389m](https://reinasia.com/prudential-to-acquire-75-stake-in-indias-bharti-life-for-us389m/) - The deal is expected to require Prudential to cut its stake in ICICI Prudential Life to below 10%. - [Dhipaya and Muang Thai Insurance expediting claims payouts after fatal Bangkok bus-train crash](https://reinasia.com/dhipaya-and-muang-thai-insurance-expediting-claims-payouts-after-fatal-bangkok-bus-train-crash/) - The bus carried compulsory and voluntary cover with the insurers, as BMTA pledged 1.5m baht (approx. US$45,900) in preliminary compensation to each deceased's family. - [Sompo hires Megan Yeung as senior casualty underwriter in Hong Kong](https://reinasia.com/sompo-hires-megan-yeung-as-senior-casualty-underwriter-in-hong-kong/) - She joins from AXA XL, where she was casualty underwriter. - [No policies written under US Hormuz insurance facility since March launch — report](https://reinasia.com/no-policies-written-under-us-hormuz-insurance-facility-since-march-launch-report/) - The absence of a US naval escort has rendered the DFC's US$40bn maritime reinsurance facility unworkable so far, brokers say. - [Standard Club faces higher exposure after Australia court rejects liability cap on wreck claims](https://reinasia.com/australian-high-court-rejects-shipowner-bid-to-limit-liability-in-wreck-removal-claims/) - Australia's High Court ruled that wreck removal claims excluded under Australia's maritime reservations cannot be capped by reclassifying them as property damage. - [ACCC clears Zurich’s A$415m ClearView acquisition](https://reinasia.com/accc-clears-zurichs-a415m-clearview-acquisition/) - Zurich's takeover of ClearView has cleared the antitrust test in Australia, allowing the deal to proceed following a Phase I review. - [Delta NZ hires Petr Dorofeev as technology and cyber product lead](https://reinasia.com/delta-insurance-hires-petr-dorofeev-as-technology-and-cyber-product-lead/) - He moves from Suncorp New Zealand, where he most recently served as portfolio manager. - [Daniel Neo joins Swiss Re Asia‘s Board of Directors](https://reinasia.com/daniel-neo-joins-swiss-re-asias-board-of-directors/) - He has over 20 years of C-suite level board and governance experience across multiple Asia markets. - [Thailand OIC pushes real-time reporting, e-policies for compulsory motor cover](https://reinasia.com/thailand-oic-pushes-real-time-reporting-e-policies-for-compulsory-motor-cover/) - Draft registrar orders would tighten cancellation rules and align compulsory cover with annual vehicle tax renewals. - [Samsung Life net profit jumps 83.1% to KRW1.24 trillion in Q1](https://reinasia.com/samsung-life-q1-net-profit-jumps-83-1-to-krw1-24-trillion-in-q1/) - Revenue for the quarter also surged 75.0% to KRW14.71 trillion (approx. US$9.81bn). - [Santam names Hemant Gulati as country head for GIFT City India branch](https://reinasia.com/santam-names-hemant-gulati-as-country-head-for-gift-city-india-branch/) - He moves to the South Africa-based (re)insurer after over 17 years at Unison Insurance Broking Services. - [Thai Re net profit surges 426% in Q1, but GWP falls 12%](https://reinasia.com/thai-re-net-profit-surges-426-in-q1-on-lower-catastrophe-losses-arbitration-gain/) - Thai Re attributed its GWP decline to a targeted cut in health business, while underwriting profit improved due to lower catastrophe losses. - [Munich Re posts 56% Q1 profit rise amid selective April Asia renewal pullback](https://reinasia.com/munich-re-posts-56-q1-profit-rise-amid-selective-april-asia-renewal-pullback/) - Low major losses powered Munich Re’s Q1 results as the group selectively reduced exposure at April renewals in Asian markets. - [Tasmania pivots TasInsure from state insurer to government-owned authority](https://reinasia.com/tasmania-pivots-tasinsure-from-state-insurer-to-government-owned-not-for-profit-authority/) - The reworked model will now focus on market interventions for hard-to-insure risks, rather than competing directly with insurers. - [MS&AD completes US$1.44bn acquisition of 18% stake in Barings](https://reinasia.com/msad-completes-us1-44bn-acquisition-of-18-stake-in-barings/) - The deal expands MS&AD’s overseas investment capacity and diversifies its income sources. - [Jio Financial, Allianz incorporate India general insurance joint venture](https://reinasia.com/jio-financial-allianz-incorporate-india-general-insurance-joint-venture/) - The Indian JV partner will invest ₹49.5m (US$517,060) for a 50% stake in its general insurance joint venture with Allianz. - [Samsung Fire & Marine's net income grows 4.3% on higher sales in Q1](https://reinasia.com/samsung-fire-marines-net-income-grows-4-3-on-higher-sales-in-q1/) - Following weaker bottom-line results in FY2025, the South Korean insurer posted net income growth of KRW635.2bn (US$426.1m) in the first quarter, supported by higher sales. - [South Korea to ban seizure and transfer of aviation insurance payouts from June](https://reinasia.com/south-korea-tightens-aviation-insurance-protections-for-accident-victims/) - The amendments also bar insurers from refusing mandatory cover for light aircraft and drone operators without valid grounds. - [Global Parametrics-developed insurance policy delivers US$100,000 payout to Nepal communities](https://reinasia.com/us100000-drought-payout-in-nepal-signals-growing-insurance-role-in-climate-resilience-finance/) - The payout marks Nepal’s first use of a parametric drought insurance policy, stakeholders said, with funds supporting food aid and farming tools in Bajura district. - [GIC Re commits US$43m in capacity to India’s maritime insurance pool](https://reinasia.com/gic-re-commits-us43m-in-capacity-to-indias-maritime-insurance-pool/) - State-owned reinsurer is contributing ₹4bn of the ₹9.27bn (approx. US$100m) total capacity, with the balance from other domestic insurers. - [January's Victorian bushfire claims top 4,700](https://reinasia.com/victorian-bushfire-claims-top-4700-as-insurers-set-regional-consultations/) - Insurers will hold in-person consultations across regional Victoria to help policyholders with claims and guidance following the January bushfires. - [Howden India names Ram KS as growth leader for sales](https://reinasia.com/howden-india-names-ram-ks-as-growth-leader-for-sales/) - He joins the global broker after over five years at Gallagher. - [Manulife lifts new business CSM 16% in Q1 as Asia drives value growth](https://reinasia.com/manulife-lifts-new-business-csm-16-in-q1-as-asia-drives-value-growth/) - The group's NBV rose 7% in the first quarter, with Asia’s NBV margin increasing 38.2% on a more favourable business mix. - [Philippines’ Insurance Commission grants relief measures to consumers, regulated entities amid national energy emergency](https://reinasia.com/philippines-insurance-commission-grants-relief-measures-to-consumers-icres-amid-national-energy-emergency/) - The measures provide 90-day grace periods for premiums, coverage extensions, and loan repayments, with report submissions given a 30-day extension without fines or penalties. - [Russia seen shifting LNG reinsurance to China amid capacity constraints, Ukraine intelligence says](https://reinasia.com/russia-seen-shifting-lng-reinsurance-to-china-amid-capacity-constraints-ukraine-intelligence-says/) - Amid limited access to international insurance capacity, Russia is reportedly pivoting to Chinese reinsurance for LNG trade. - [Raise Financial acquires insurtech platform GIBL](https://reinasia.com/raise-financial-acquires-insurtech-platform-gibl/) - The fintech company plans to invest US$15m in GIBL to build a direct‑to‑consumer platform, aiming to launch by the end of 2026. - [Ardonagh strengthens Asia push with new MGA leader](https://reinasia.com/ardonagh-strengthens-asia-push-with-new-mga-leader/) - Jason Anthony will lead the business's efforts to grow its MGA presence across Asia. - [Alaric Lee to succeed Alfred Sham as Howden's Hong Kong CEO](https://reinasia.com/alaric-lee-to-succeed-alfred-sham-as-howdens-hong-kong-ceo/) - Sham will move to Singapore to take on the role of chief strategy officer for Asia. - [AXA XL launches prevention unit to scale risk services offering](https://reinasia.com/axa-xl-launches-prevention-unit-to-scale-risk-services-offering/) - Specialty (re)insurer's fifth global unit will integrate data, analytics and risk engineering to help clients address exposures such as climate, cyber and supply chain disruption. - [India rolls out war risk cover under US$1.5bn Bharat Maritime Insurance Pool](https://reinasia.com/india-rolls-out-war-risk-cover-under-us1-5bn-bharat-maritime-insurance-pool/) - Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates. - [Allianz Q1 net income soars 48.4% on India JV sale; operating profit hits record](https://reinasia.com/allianz-q1-net-income-soars-48-4-on-india-jv-sale-operating-profit-hits-record/) - The German insurer's operating performance was supported by strong property-casualty underwriting and asset management growth. - [Aon rolls out Claims Copilot worldwide after 2025 pilot](https://reinasia.com/aon-rolls-out-claims-copilot-worldwide-after-2025-pilot/) - The platform consolidates claims data and analytics on a single system used by its 1,800-strong claims team in more than 50 countries. - [Swiss Re promotes Yusuke Matsumoto to Head of Facultative Re APAC](https://reinasia.com/swiss-re-promotes-yusuke-matsumoto-to-head-of-facultative-re-apac/) - Matsumoto, who most recently led facultative property Japan and held regional underwriting and portfolio steering responsibilities across APAC, has taken on the regional leadership role. - [Sompo welcomes Sarah Lee as multinational network manager, APAC](https://reinasia.com/sompo-welcomes-sarah-lee-as-multinational-network-manager-apac/) - She specialises in leading multinational programmes and structuring complex global risks across multiple lines. - [HDI Global Japan taps Takatoshi Fukumoto as deputy risk engineering GM](https://reinasia.com/hdi-global-japan-taps-takatoshi-fukumoto-as-deputy-risk-engineering-gm/) - He joins after over two years at Sompo, where he most recently served as a senior consultant. - [Antares promotes Sri Ram Pappu to deputy CEO for Singapore](https://reinasia.com/antares-promotes-sri-ram-pappu-to-deputy-chief-executive-officer-for-singapore/) - He has worked with the group for 15 years. - [Private credit gains ground with APAC insurers as RBC reshapes demand](https://reinasia.com/private-credit-gains-ground-with-apac-insurers-as-rbc-reshapes-demand/) - Allocations remain resilient as insurers prioritise liability matching and capital efficiency. - [ARPC puts 2025-26 cyclone pool losses at A$267m across nine declared events](https://reinasia.com/arpc-puts-2025-26-cyclone-pool-losses-at-a267m-across-nine-declared-events/) - Narelle 2, Fina, and Koji were the season’s largest declared events by estimated ultimate loss, with ARPC citing complex, geographically dispersed impacts. - [KDIC relaunches Yebyeol General Insurance bidding process after April setback](https://reinasia.com/kdic-relaunches-yebyeol-general-insurance-bidding-process-after-april-setback/) - If the sale fails again, Yebyeol’s insurance contracts are set to move to five leading South Korean non-life insurers. - [Sompo hires Gally Wong as senior construction underwriter for Hong Kong, Macau, and Taiwan](https://reinasia.com/sompo-hires-gally-wong-as-senior-construction-underwriter-for-hong-kong-macau-and-taiwan/) - The chartered civil engineer brings over 10 years of regional underwriting experience in engineering and on-site construction expertise. - [Proposed FSA rules would bring 'transparency, discipline, and resilience' to Japan AIR market, says Pacific Life Re](https://reinasia.com/proposed-fsa-rules-would-bring-transparency-discipline-and-resilience-to-japan-air-market-says-pacific-life-re/) - Reinsurer supports FSA’s proposed AIR rules, which would require Japanese life insurers to strengthen stress testing, oversight, and collateral management. - [Gallagher Re names Russell Hails as head of MGA solutions for APAC](https://reinasia.com/gallagher-re-names-russell-hails-as-head-of-mga-solutions-for-apac/) - Hails joined the broker last year to rebuild its Pacific MGA business, with the new role representing an expansion of his duties. - [Swiss Re promotes ANZ CEO Trent Thomson to global head of specialty](https://reinasia.com/swiss-re-promotes-anz-ceo-trent-thomson-to-global-head-of-specialty/) - Thomson will relocate to London for the new role, which will begin on 1 July. - [IAG targets A$25bn GWP by 2030, ROE above 15% in new five-year strategy](https://reinasia.com/iag-targets-a25bn-gwp-by-2030-roe-above-15-in-new-five-year-strategy/) - The insurer said these priorities will be delivered through its retail and intermediated insurance brands and distribution channels. - [Philippines’ Insurance Commission issues cease-and-desist order to Vigattin Insurance, Antz Insurance](https://reinasia.com/philippines-insurance-commission-issues-cease-and-desist-order-to-vigattin-insurance-antz-insurance/) - IC says the insurers had been acting as agents for at least 14 insurers despite lacking valid licences to do so. - [RHB Bank receives regulatory nod to restart insurance arm sale talks with Tokio Marine Asia](https://reinasia.com/rhb-bank-receives-regulatory-nod-to-restart-insurance-arm-sale-talks-with-tokio-marine-asia/) - The parties have six months to conclude negotiations and market analysts believe a deal appears more credible than RHB Bank’s earlier, unsuccessful attempt in 2019. - [GSIS opens US$40.15m emergency loan window after floods, landslides, El Niño impacts on Philippines](https://reinasia.com/gsis-opens-php2-64bn-emergency-loan-window-after-floods-landslides-and-el-nino-impacts/) - The state-run insurer is targeting five calamity-hit provinces, offering short-term liquidity to communities affected by floods, landslides, Typhoon Basyang, and El Niño. - [Hannover Re sees Q1 revenues fall as P&C contracts, while underwriting result strengthens](https://reinasia.com/hannover-re-sees-q1-revenues-fall-as-pc-contracts-while-underwriting-result-strengthens/) - Lower large losses lifted Hannover Re’s Q1 underwriting performance, offsetting weaker P&C revenues and steady growth in life and health reinsurance. - [Niva Bupa elevates Ankur Kharbanda to deputy CEO](https://reinasia.com/niva-bupa-elevates-ankur-kharbanda-to-deputy-ceo/) - He previously served as the firm's executive director and chief business officer. - [Strategic opportunity shapes next wave of APAC non-life insurance M&A](https://reinasia.com/strategic-opportunity-shapes-next-wave-of-apac-non-life-insurance-ma/) - Explore the latest trends in non-life insurance M&A across Asia Pacific with expert insights, regulatory updates, and private equity strategies. - [Sompo appoints Kelvin Woo as chief distribution officer for Hong Kong, Macau and Taiwan](https://reinasia.com/sompo-appoints-kelvin-woo-as-chief-distribution-officer-for-hong-kong-macau-and-taiwan/) - He joins after working for nearly five years at QBE Asia. - [GIAJ updates solicitation compliance guide following Japan insurance rule changes](https://reinasia.com/giaj-updates-solicitation-compliance-guide-following-japan-insurance-rule-changes/) - The April 2026 edition adds guidance on large agencies and planned comparative recommendation sales rules. - [China’s space insurance consortium writes US$1.5bn in cover in first year](https://reinasia.com/chinas-space-insurance-consortium-writes-us1-5bn-in-cover-in-first-year/) - Since its launch in March 2025, the Beijing commercial space co-insurance consortium has also reduced its average inquiry and underwriting time by 20%. - [Hong Kong IA finalises RBC amendments to incentivise infrastructure investment](https://reinasia.com/hong-kong-ia-finalises-rbc-amendments-to-incentivise-infrastructure-investment/) - Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation. - [Chinese insurers pay US$2.2m in expedited claims after deadly Hunan fireworks factory explosion](https://reinasia.com/chinese-insurers-pay-us2-2m-in-expedited-claims-after-deadly-hunan-fireworks-factory-explosion/) - The blast killed at least 21 people and injured 61, prompting insurers to activate fast-track claims, with some payouts within 24 hours. - [Niva Bupa posts 27% premium growth in FY2026, but underwriting losses deepen](https://reinasia.com/niva-bupa-posts-27-premium-growth-in-fy2026-but-underwriting-pressures-persist/) - While the insurer delivered robust GWP growth, higher claims costs pushed the combined ratio further above 100%. - [APAC insurers weigh carbon capture growth as cross-border risks, liability gaps test underwriting](https://reinasia.com/apac-insurers-weigh-carbon-capture-growth-as-cross-border-risks-liability-gaps-test-underwriting/) - Demand is rising and capacity exists for CCS, but deployment remains selective as long-term liability risks stay unresolved. - [AIA posts 15% VONB growth in 2025, flags limited Iran war exposure](https://reinasia.com/aia-posts-15-vonb-growth-flags-limited-iran-war-exposure/) - Group’s record 2025 results set the stage for a pivotal year ahead, as the pan-Asian life insurer bets on AI, expansion across China’s provinces, and deepening wealth partnerships. - [vrs Adjusters partners with Century Independent Loss Adjusters in Malaysia](https://reinasia.com/vrs-adjusters-partners-with-century-independent-loss-adjusters-in-malaysia/) - The partnership brings over 150 technical professionals and a nationwide network into vrs Adjusters’ Southeast Asian operations. - [TQR hires Rachaya Thammasa as officer, business development - specialty reinsurance](https://reinasia.com/tqr-hires-rachaya-thammasa-as-officer-business-development-specialty-reinsurance/) - Thammasa brings hands-on experience in customer engagement, sales coordination, and business operations with an international client base. - [AM Best revises Prudential Financial’s ERM assessment amid Japan misconduct probe](https://reinasia.com/am-best-revises-prudential-financials-erm-assessment-amid-japan-misconduct-probe/) - The agency had also affirmed the insurer’s A+ financial strength rating for its key life/health subsidiaries, alongside affirming the parent’s “a-” issuer credit rating. - [HSBC Life partners with Humansa on longevity-focused offering for HNW clients](https://reinasia.com/hsbc-life-partners-with-humansa-on-longevity-focused-offering-for-hnw-clients/) - The collaboration will explore integrating health insights with wealth management and insurance planning for high‑net‑worth and ultra‑high‑net‑worth clients in Asia. - [AM Best assigns ratings to Tokio Marine Newa](https://reinasia.com/am-best-assigns-ratings-to-tokio-marine-newa/) - Taiwan’s fourth-largest non-life insurer receives an 'A' financial strength rating and an “a+” issuer credit rating, both with a stable outlook. - [Zurich Singapore adds Nikhil Iyer to casualty team](https://reinasia.com/zurich-singapore-adds-nikhil-iyer-to-casualty-team/) - Iyer has been with the insurer since October 2023. - [China Belt & Road Reinsurance Pool nominates Forte as global reinsurance partner in Cambodia](https://reinasia.com/china-belt-road-reinsurance-pool-nominates-forte-as-exclusive-global-reinsurance-partner-in-cambodia/) - The move is expected to widen reinsurance support for Cambodian infrastructure, energy, transport, and large-scale commercial risks. - [QBE sees 11% premium growth in Q1 as catastrophe losses build early in the year](https://reinasia.com/qbe-sees-11-premium-growth-in-q1-as-catastrophe-losses-build-early-in-the-year/) - The Australia‑listed insurer’s Q1 trading update highlighted solid premium momentum alongside net catastrophe claims exceeding half of its first‑half allowance. - [South Korean insurers’ overseas net income rises 23.8% in 2025 on acquisitions](https://reinasia.com/south-korean-insurers-overseas-net-income-rises-23-8-in-2025/) - Life insurers drove the growth off the back of recent M&A, but non-life carriers saw net income fall 7.8% due to natural catastrophes. - [Hillhouse Investment Management to acquire Mercer’s Private Client Services](https://reinasia.com/hillhouse-investment-management-to-acquire-mercer-private-client-services/) - The transaction follows Marsh’s review of its global asset portfolio and plans to streamline its business. - [MS Amlin APAC welcomes Joyceline Tay, Hung Wei Ng as senior claims specialists](https://reinasia.com/ms-amlin-apac-welcomes-joyceline-tay-hung-wei-ng-as-senior-claims-specialists/) - The new hires bring regional expertise and experience in handling major loss events, client service, and process improvement. - [Sompo names Beatrice Morley as Head of London, Reinsurance](https://reinasia.com/sompo-names-beatrice-morley-as-head-of-london-reinsurance/) - Morley, Aspen’s former APAC head, will lead Sompo’s London reinsurance team and support its international growth strategy following Sompo's acquisition of Aspen. - [Howden names Cyndi Villamor as new chief client officer for corporate risk services, Philippines](https://reinasia.com/howden-names-cyndi-villamor-as-new-chief-client-officer-for-corporate-risk-services-philippines/) - She brings over three decades of experience, specialising in brokerage and insurance, across multinational organisations. - [China insurance premiums edge up 1.4% in March as life claims ease, unit-linked activity weakens](https://reinasia.com/china-insurance-premiums-edge-up-1-4-in-march-as-life-claims-ease-unit-linked-activity-weakens/) - Claims pressures softened, particularly in life, while investment-linked inflows fell 33.5% YoY and non-life exposures continued to expand. - [AI‑focused firms dominate US$1.63bn insurtech funding in Q1 2026 — Gallagher Re](https://reinasia.com/aifocused-firms-dominate-us1-63bn-insurtech-funding-in-q1-2026-gallagher-re/) - Life and health insurtech funding nearly doubled sequentially, while early‑stage investment rose 36.1% from the previous quarter. - [Fitch maintains rating watch negative on Eka Lloyd Jaya amid capital shortfall risk](https://reinasia.com/fitch-maintains-rwn-on-eka-lloyd-jayas-bbbidn-ifs-rating-amid-capital-shortfall-risk/) - Ratings agency cited uncertainty over planned capital injections and ongoing regulatory changes as key factors in its latest review of the Indonesian insurer. - [ATC acquires specialty MGA Frontier Global](https://reinasia.com/atc-insurance-strengthens-specialty-financial-lines-footprint-with-frontier-global-acquisition/) - The transaction strengthens ATC Insurance Solutions’ presence in specialty financial lines and extends its access to the London Market. - [Malaysia's general insurers lift underwriting profit 11.6% in 2025 despite motor losses](https://reinasia.com/malaysia-general-insurers-lift-underwriting-profit-to-rm1-2bn-as-motor-line-stays-loss-making/) - The sector's gross written premiums also rose by 4.8% to RM24.2bn (US%6.16bn) in 2024. - [Sun Life’s Asia new-business CSM climbs on Hong Kong sales momentum in Q1](https://reinasia.com/sun-lifes-asia-new-business-csm-climbs-on-hong-kong-sales-momentum-in-q1/) - Underlying net income for the region rose 17% to C$216m (US$158m) in Q1, while new business CSM increased to C$320m from C$273m. - [Swiss Re Q1 profit jumps on strong P&C underwriting and benign catastrophe losses](https://reinasia.com/swiss-re-q1-profit-jumps-on-strong-pc-underwriting-and-benign-catastrophe-losses/) - P&C Re net income rose sharply by 43% year-on-year, and combined ratio improved to 79.5%. - [Policybazaar FY2026 profit surges supported by protection products and renewals](https://reinasia.com/policybazaar-fy2026-profit-surges-supported-by-protection-products-and-renewals/) - Premiums rose 42% year-on-year, as insurtech expanded its reach in Tier 2 and Tier 3 cities. - [SEADRIF, WFP launch second 'impact-based' parametric policy for Lao PDR](https://reinasia.com/seadrif-wfp-launch-second-impact-based-parametric-policy-for-lao-pdr/) - The new policy triggers financial relief when a set number of people are affected by extreme weather, and follows the rollout of a similar impact-based policy in Lao PDR in 2025. - [MS Amlin launches Lloyd’s property treaty consortium, lifts per-risk line to US$67.5m](https://reinasia.com/ms-amlin-launches-lloyds-property-treaty-consortium-lifts-per-risk-line-to-us67-5m/) - The facility combines four Lloyd’s syndicates behind a single lead placement for higher-limit risks. - [Nearly US$1bn returned to Philippine Health Insurance Corporation from country’s National Treasury](https://reinasia.com/nearly-us1bn-returned-to-philippine-health-insurance-corporation-from-countrys-national-treasury/) - The returned funds will be used to improve health services, enhance benefits, improve systems, and speed up services for members nationwide. - [India panel of ministers pushes GST relief on life and health insurance to council stage](https://reinasia.com/indian-panel-of-ministers-proposes-to-exempt-health-life-insurance-from-gst/) - The final decision is expected to be made at an upcoming council meeting in September or October. - [APAC insurance outlook: Geopolitical unrest, technology to shape 2026](https://reinasia.com/apac-insurance-outlook-geopolitical-unrest-and-technology-to-shape-2026/) - Maduro's capture sets the stage for a potentially turbulent 2026, in which insures will juggle geopolitical shifts, technology-linked challenges, and new regulatory frameworks. - [Supervisors flag climate, private assets and fragmentation as core tests for insurers at AIF 2025](https://reinasia.com/supervisors-flag-climate-private-assets-and-fragmentation-as-core-tests-for-insurers-at-aif-2025/) - Climate risk, geo-economic fragmentation and asset-intensive strategies are emerging as the new fault lines for oversight, though the global sector remains resilient with risks still below those in banking. - [AM Best maintains stable outlook on Malaysia's non-life segment amid medical inflation, de-tariffication, climate risk](https://reinasia.com/am-best-maintains-stable-outlook-on-malaysias-non-life-segment-amid-medical-inflation-de-tariffication-climate-risk/) - Medical inflation climbed to 15% in 2024, prompting interim repricing controls and longer-term health financing reforms by Bank Negara Malaysia. - [2025: Year in Review](https://reinasia.com/2025-year-in-review/) - This year has been marked by cautious optimism – though geopolitical uncertainty, nat cat worries, and falling rates created challenges. - [Rising APAC civil unrest, interstate flashpoints, tariff realignment drive crisis insurance demand into 2026: WTW](https://reinasia.com/rising-apac-civil-unrest-interstate-flashpoints-tariff-realignment-drive-crisis-insurance-demand-into-2026-wtw/) - Insurers are facing increased claims and shifting exposures as Asia Pacific markets contend with both domestic unrest and cross-border disputes. - [QBE flags marine loss exposure from extreme weather, tariff volatility and vessel fires in 2026](https://reinasia.com/qbe-flags-marine-loss-exposure-from-extreme-weather-tariff-volatility-and-vessel-fires-in-2026/) - Marine insurers face heightened accumulation and cargo fire exposures as environmental and geopolitical risks intensify. - [IRDAI weighs effort-linked commissions for insurance agents — report](https://reinasia.com/irdai-weighs-effort-linked-commissions-for-insurance-agents-report/) - Under the proposed model, channels that require greater involvement in customer onboarding, advice, and ongoing servicing are expected to attract relatively higher payouts. - [Zurich appoints Wayne Leow as Malaysia commercial insurance head](https://reinasia.com/zurich-appoints-wayne-leow-as-malaysia-commercial-insurance-head/) - He joins after over seven years at Chubb Malaysia, where he was most recently chief broking and large corporate officer. - [Allianz shifts commercial cyber portfolio to Coalition](https://reinasia.com/allianz-shifts-commercial-cyber-portfolio-to-coalition/) - The deal, subject to regulatory and other customary approvals, is structured to run at for least 10 years and aims to expand cyber risk capabilities and market growth for both the carrier and MGA. - [FWD Takaful, MBSB Bank ink 10-year bancatakaful deal](https://reinasia.com/fwd-takaful-mbsb-bank-ink-10-year-bancatakaful-deal/) - The tie-up gives the insurer access to MBSB’s branches and sales force. - [Great Eastern reports higher new business value but flat profit in Q1 2026](https://reinasia.com/great-eastern-reports-higher-new-business-value-but-flat-profit-in-1q-2026/) - Market volatility hampered Great Eastern's earnings despite Improved insurance profitability and stronger new business growth. - [IRDAI cancels licences of two DISB-linked surveyors over regulatory violations](https://reinasia.com/irdai-cancels-licences-of-two-disb-linked-surveyors-over-regulatory-violations/) - The licences of the two surveyors stand cancelled with immediate effect, with IRDAI allowing reapplication after one year. - [ADB, Japan back PCRIC under new disaster‑finance facility](https://reinasia.com/adb-japan-back-pcric-under-new-disasterfinance-facility/) - Targeted support for the Pacific Catastrophe Risk Insurance Company forms part of a wider ADB‑Japan initiative to improve disaster‑risk financing. - [Swiss Re appoints Dean Galligan to newly created head of L&H transactions role](https://reinasia.com/swiss-re-appoints-dean-galligan-to-newly-created-head-of-lh-transactions-role/) - The appointment reflects growing demand for complex capital, balance‑sheet and longevity reinsurance transactions in the life and health market. - [Asia drives buyer-friendly global insurance market amid mounting risks in Q1 — Aon](https://reinasia.com/asia-drives-buyer-friendly-global-insurance-market-amid-mounting-risks-aon/) - Asia’s soft insurance market continued in the first quarter, offering buyers strong pricing and capacity, but geopolitical and claims risks threaten to tighten conditions. - [AIG's Igor Chichkan moves to Singapore as regional underwriting manager for financial lines](https://reinasia.com/aigs-igor-chichkan-moves-to-singapore-as-regional-underwriting-manager-for-financial-lines/) - He relocates to Singapore for the role, having most recently served as AIG's head of financial lines, UAE. - [Asia A.I.R. deals rise as reinsurers face ‘end in sight’ for US and UK markets](https://reinasia.com/asia-air-deals-rise-as-reinsurers-face-end-in-sight-for-us-and-uk-markets/) - With six of the ten largest life insurers globally, Asia offers reinsurers the chance to strike new asset intensive reinsurance deals before the pipeline in mature markets starts to dry-up. - [Most rated insurers can absorb a 1-in-250-year climate disaster — S&P Global](https://reinasia.com/most-rated-insurers-can-absorb-a-1-in-250-year-climate-disaster-sp-global/) - Ratings agency warns that catastrophe concentration leaves less diversified insurers more exposed, even after reinsurance and catastrophe premiums. - [Allianz Trade reports lower emissions, wider use of sustainability‑linked products in 2025](https://reinasia.com/allianz-trade-details-emissions-reduction-and-product-updates-in-2025-sustainability-report/) - The insurer cut emissions per employee and scaled sustainability‑linked trade credit solutions in 2025. - [AIA New Zealand chief risk officer, chief product and marketing officer swap roles](https://reinasia.com/aia-new-zealand-chief-risk-officer-chief-product-and-marketing-officer-swap-roles/) - Alex Kühnast, the new CRO, joined the insurer in 2024, while Ben Lovelock, now the CPMO, has been with the firm since 2023; each previously held the other's role before the transition. - [Hanwha Life 2025 earnings pressured by claims volatility, but improvement expected — Fitch](https://reinasia.com/hanwha-life-2025-earnings-pressured-by-claims-volatility-but-improvement-expected-fitch/) - The ratings agency has affirmed the South Korean insurer's IFS rating at “A+” and IDR at “A”, with subordinated debt at “A-”, all with a stable outlook. - [Sedgwick names new CEO and COO in Australia](https://reinasia.com/sedgwick-appoints-new-ceo-and-coo-in-australia/) - Simon Kay and Kimberley Daley step up as CEO and COO, respectively. - [Kevin Rethual named new CEO of Munich Re Retakaful](https://reinasia.com/kevin-rethual-named-new-ceo-of-munich-re-retakaful/) - He has been with the reinsurer since 2021, most recently as chief commercial officer. - [Guoren P&C’s underwriting performance set to improve in 2026 — Fitch](https://reinasia.com/guoren-pcs-underwriting-performance-set-to-improve-in-2026-fitch/) - The insurer's combined ratio is expected to fall this year from 101.4% in 2025 as a result of ongoing regulatory constraints on commissions and efficiency measures. - [Chubb appoints Lorna Latorre as Head of Travel for APAC](https://reinasia.com/chubb-appoints-lorna-latorre-as-head-of-travel-for-apac/) - Latorre joins Chubb as Head of Travel, Asia Pacific, as the insurer looks to grow its travel insurance partnerships across the region. - [Strong underwriting results drive reinsurers’ record profitability in 2025 — Gallagher Re](https://reinasia.com/strong-underwriting-results-drive-reinsurers-record-profitability-in-2025-gallagher-re/) - Gallagher Re reports reinsurance capital reached a record US$648bn in 2025, driven by retained earnings and alternative capital inflows. - [Oliver Wyman appoints Jasper Yip as head of Greater China](https://reinasia.com/oliver-wyman-appoints-jasper-yip-as-head-of-greater-china/) - He was one of the Marsh subsidiary's earliest hires in Hong Kong in 2013. - [Huatai P&C underwriting improves as Fitch withdraws rating and affirms AA-](https://reinasia.com/fitch-withdraws-ahuatai-pc-rating-affirms-aa-as-underwriting-metrics-improve/) - Improved expense controls helped lower the insurer's combined ratio in 2025, though investment returns weighed on overall profitability. - [India GI premiums rise 9.3% in FY2025-26 as Care Health posts fastest growth among major insurers](https://reinasia.com/india-gi-premiums-rise-9-3-in-fy2025-26-as-care-health-posts-fastest-growth-among-major-insurers/) - Premiums reached ₹3.36t across the April–March fiscal year, with stand-alone health insurers extending their growth run and Care Health crossing ₹100bn after a 20.9% annual increase. - [Aon Thailand adds senior hires across transaction, health and Japanese business lines](https://reinasia.com/aon-thailand-adds-senior-hires-across-transaction-health-and-japanese-business-lines/) - Nicole Oversier has joined as Regional Director for Transaction Solutions, Asia, while Yuwaree Saensuk and Arisara Leekitratanapisan take up managerial roles. - [AM Best expects VINARE to maintain 'strong' operating performance, affirms ratings](https://reinasia.com/am-best-expects-vinare-to-maintain-strong-operating-performance-affirms-ratings/) - Consistent underwriting profitability and strong capital buffers underpin Vietnam National Re’s stable credit profile, AM Best said. - [Lockton appoints new CEOs in Malaysia and India](https://reinasia.com/lockton-appoints-new-ceos-in-malaysia-and-india/) - Nicholas Lee and Jaideep Sharma take charge in Malaysia and India, respectively, with Mohamed Yahya Ibrahim and Dr Sandeep Dadia moving to new posts. - [Lockton hires Faith Swee for APAC transaction liability practice](https://reinasia.com/lockton-hires-faith-swee-for-apac-transaction-liability-practice/) - She joins after working for over five years at BMS group, most recently as associate director. - [Japan to raise compulsory motor liability insurance rates by 6.2% from November](https://reinasia.com/japan-to-raise-compulsory-auto-liability-insurance-rates-by-6-2-from-november-2026/) - Increases in net premium rates, company expenses, and agency commissions were factored in on the approved standard rate hike — the first in 13 years. - [Fitch puts Prudential Financial on Rating Watch Negative following Japan sales suspension](https://reinasia.com/fitch-puts-prudential-financial-on-rating-watch-negative-following-japan-sales-suspension/) - The ratings action follows a sales halt linked to conduct breaches at Prudential’s Japanese unit. - [AIG Hong Kong announces senior appointments in casualty team](https://reinasia.com/aig-hong-kong-announces-senior-appointments-in-casualty-team/) - Carmen Ho returns from Liberty Specialty Markets as Evelyn Li steps up after seven years at AIG. - [ADB issues first catastrophe bonds](https://reinasia.com/adb-issues-first-catastrophe-bonds/) - Two US$80m tranches will provide parametric disaster relief to the Kyrgyz Republic and Tajikistan, with notes to be listed on the Singapore Exchange. - [Australia cyclone pool average premiums rise in Q4 as strata jumps 11%](https://reinasia.com/australia-cyclone-pool-average-premiums-rise-in-q4-as-strata-jumps-11/) - Annual premiums rose 4.4% year-on-year as Cyclone Alfred pushed incurred insurance losses to A$1.41bn. - [India life insurance market set to surpass US$135.6bn by 2030: GlobalData](https://reinasia.com/india-life-insurance-market-set-to-surpass-us135-6bn-by-2030-globaldata/) - Regulatory reforms, tax changes and digital distribution are expected to support sustained growth in India’s life insurance market, according to GlobalData. - [Berkshire CEO Abel reaffirms Japan strategy — report](https://reinasia.com/berkshire-ceo-abel-reaffirms-japan-strategy-report/) - Berkshire remains committed to investing in Japanese companies despite intensifying competition across the insurance sector. - [Asia catastrophe losses in 2025 highlight pressure points in flood and quake underwriting — Swiss Re](https://reinasia.com/asia-catastrophe-losses-in-2025-highlight-pressure-points-in-flood-and-quake-underwriting-swiss-re/) - Floods and earthquakes dominated Asia’s catastrophe losses in 2025, underscoring challenges linked to urbanisation, exposure growth and risk assessment, according to Swiss Re. - [Japan FSA proposes tighter checks on life reinsurance deals](https://reinasia.com/japan-fsa-proposes-tighter-checks-on-life-reinsurance-deals/) - The draft guidance proposes stress tests for asset-intensive reinsurance deals, including recapture events and multiple reinsurer failures, to assess impacts on solvency and reserves. - [South Korea moves to cut marine reinsurance rates, set up state-backed pool amid Middle East conflict — Report](https://reinasia.com/south-korea-readies-insurance-liquidity-support-for-shipping-amid-middle-east-crisis-report/) - Korean Re and peers face pressure to cut commissions as gaps in maritime cover widen - [Oneglobal Broking appoints Shirlene Fernz as Director of Claims](https://reinasia.com/oneglobal-broking-appoints-shirlene-fernz-as-director-of-claims/) - Fernz brings more than 19 years of regional experience in handling complex and multi‑jurisdictional claims across APAC. - [Howden hires Cindy Yeo as director, M&A Asia](https://reinasia.com/howden-hires-cindy-yeo-as-director-ma-asia/) - Yeo is the broker's latest hire from Aon, where she mostly served as director. - [FM declares record US$1.5bn membership credit after low-loss year](https://reinasia.com/fm-declares-record-us1-5bn-membership-credit-after-low-loss-year/) - The amount was driven by historically low losses linked to over 48,000 prevention recommendations completed with clients in 2025. - [Lockton adds Jamie He to Asia-Pacific transaction liability team](https://reinasia.com/lockton-adds-jamie-he-to-asia-pacific-transaction-liability-team/) - He will have a focus on supporting North Asia clients with cross-border transactions. - [India’s GI premiums to hit US$56bn by 2030 parametric disaster cover expands – GlobalData](https://reinasia.com/indias-gi-premiums-to-hit-us56bn-by-2030-parametric-disaster-cover-expands-globaldata/) - States have begun formalising disaster risk transfer with a blended parametric-and-indemnity home insurance programme offering cover of up to ₹1m (US$10,536.29) for below-poverty-line households. - [Swiss Re CorSo appoints Zoe Pearn as head of operations for ANZ](https://reinasia.com/swiss-re-corso-names-zoe-pearn-to-head-of-operations-for-anz/) - She has been with the business for two years. - [Malaysian central bank fines Zurich insurance units US$228K over sanctions breaches](https://reinasia.com/malaysian-central-bank-fines-zurich-insurance-units-us228k-over-sanctions-breaches/) - BNM said that Zurich's Malaysian units failed to update their sanctions database, resulting in customer screening being conducted against an outdated database. - [HKFI names new Governing Committee for 2026/2027](https://reinasia.com/hkfi-names-new-governing-committee-for-2026-2027/) - This year's committee sees AXA's Sally Wan step up as Chair, AIA's Alger Fung joining her as Deputy Chair. - [Aon names Richard Tan, Maggie Hsieh and Michel Muganza to key APAC roles](https://reinasia.com/aon-names-richard-tan-maggie-hsieh-and-michel-muganza-to-key-apac-roles/) - Tan and Hsieh will lead commercial strategy for Southeast Asia and North Asia, respectively, while Muganza takes on an APAC growth strategy and sales enablement role. - [Aviation, personal accident continue to lead gains as India’s March GI premiums rise 8.4%](https://reinasia.com/aviation-personal-accident-continue-to-lead-gains-as-indias-march-gi-premiums-rise-8-4/) - Aviation and personal accident posted another month of outsized gains, rising 78.9% and 27.6%, while miscellaneous and fire extended last month’s fall. - [Crawford Australia names Shuzaha Houghton client development manager](https://reinasia.com/crawford-australia-names-shuzaha-houghton-client-development-manager/) - Relocating to Sydney, she joins after 3 years at Sedgwick New Zealand. - [Marine insurance rates set to rise in wake of record $2.8bn Baltimore loss — Howden Re](https://reinasia.com/marine-insurance-rates-set-to-rise-in-wake-of-record-2-8bn-baltimore-loss-howden-re/) - The bridge collapse is pushing the marine (re)insurance market to reassess loss concentration and reinsurance exposure. - [Jun Liu named head of China agriculture at Gallagher Re](https://reinasia.com/jun-liu-named-head-of-china-agriculture-at-gallagher-re/) - Liu will also continue as deputy head of Beijing. - [Guild Insurance’s underwriting actions drive FY2025 combined ratio to 89.5% – AM Best](https://reinasia.com/guild-insurances-underwriting-actions-drive-fy2025-combined-ratio-to-89-5/) - The ratings agency affirmed the insurer's A- (Excellent) Financial Strength Rating and “a-” (Excellent) Long-Term Issuer Credit Rating, with a stable outlook. - [Star Health swings to underwriting profit as combined ratio falls below 100% in FY2026](https://reinasia.com/star-health-swings-to-underwriting-profit-as-combined-ratio-falls-below-100-in-fy2026/) - Improved claims experience and operating discipline helped Star Health swing to an underwriting profit in FY2026. - [AIA posts 13% VNB growth in Q1 as China and Hong Kong lead underwriting growth](https://reinasia.com/aia-posts-13-vnb-growth-in-q1-as-china-and-hong-kong-lead-underwriting-growth/) - Building on record VNB growth in 2025, the insurer sustained its momentum into the first quarter of 2026, supported by strong growth in new business volumes. - [Prudential Q1 APE sales rise 6% to US$1.823bn](https://reinasia.com/prudential-posts-10-rise-in-q1-new-business-profit-as-asia-led-growth-broadens/) - Hong Kong, Mainland China and Malaysia delivered double-digit new business profit growth, lifting group margin to 38% as APE sales rose to US$1.823bn. - [FWD Group new business sales growth moderates in Q1 while profitability improves](https://reinasia.com/fwd-group-new-business-sales-growth-moderates-in-q1-while-profitability-improves/) - New business sales growth at FWD Group eased in the first quarter, even as contractual service margins strengthened. - [Ping An posts double‑digit NBV growth in Q1, combined ratio improves to 95.8%](https://reinasia.com/ping-an-posts-double-digit-nbv-growth-in-q1-combined-ratio-improves-to-95-8/) - Growth in life and health new business and improving P&C underwriting supported Ping An’s first‑quarter results, despite softer investment returns. - [PERILS trims Australia east coast storm loss estimate to A$1.5bn](https://reinasia.com/perils-trims-australia-east-coast-storm-loss-estimate-to-au1-501bn/) - The updated figure is built from high-resolution postcode loss data across property and motor hull lines, and includes maximum estimated hail size at postcode level. - [Peak Re posts strong GWP growth in 2025 lifted by India and APAC expansions](https://reinasia.com/peak-re-posts-strong-gwp-growth-in-2025-lifted-by-india-and-apac-expansions/) - India and Asia‑Pacific drove Peak Re’s double‑digit premium growth in 2025, with Asia‑Pacific accounting for more than half of group business. - [Richard Jones to lead Willis Re’s Asia operations](https://reinasia.com/richard-jones-to-lead-willis-res-asia-operations/) - The veteran reinsurance broker brings nearly 40 years of Asia-focused experience to the newly relaunched joint venture. - [Ardonagh taps Andrew Minnitt as CEO of Asia](https://reinasia.com/ardonagh-taps-andrew-minnitt-as-ceo-of-asia/) - Minnitt joins from Aon and will also assume the role of CEO of Price Forbes Singapore, pending regulatory approval. - [Allianz Trade promotes Tian ‘Bruce’ Lan as China commercial director](https://reinasia.com/allianz-trade-promotes-tian-bruce-lan-as-china-commercial-director/) - He most recently worked as regional sales manager for multinationals - APAC at the company. - [Generali Central Life Insurance appoints Shobit Gupta as Chief Investment Officer](https://reinasia.com/generali-central-life-insurance-appoints-shobit-gupta-as-chief-investment-officer/) - Gupta brings over 25 years of experience across investments and financial markets. - [APRA urges ‘step-change’ in AI risk governance as adoption accelerates](https://reinasia.com/apra-urges-step-change-in-ai-risk-governance-as-adoption-accelerates/) - The regulator flagged board capability gaps and single-provider reliance as frontier AI sharpens cyber risk. - [Business continuity is under pressure in a fragmenting APAC, says Coface’s regional CEO](https://reinasia.com/business-continuity-is-under-pressure-in-a-fragmenting-apac-says-cofaces-regional-ceo/) - Trade credit risk is becoming harder to read in Asia-Pacific, as supply chains fragment and payment delays lengthen. - [vrs Adjusters, Uchiyama Loss Adjusting form Singapore joint venture](https://reinasia.com/vrs-adjusters-and-uchiyama-loss-adjusting-form-singapore-joint-venture/) - vrs Uchiyama aims to serve Japanese insurers and corporates operating across Asia-Pacific. - [IAG renews Aboriginal Carbon Foundation partnership](https://reinasia.com/iag-renews-aboriginal-carbon-foundation-partnership/) - IAG and AbCF will work together for another three years to support Indigenous-led fire prevention methods. - [Overseas placements in Australia's intermediated market slide 15% in H2 as property, liability demand cools](https://reinasia.com/overseas-placements-in-australias-intermediated-market-slide-15-in-h2-as-property-liability-demand-cools/) - Overall intermediated premiums still rose, but UFI placements weakened and inactive intermediaries edged higher. - [Canara HSBC Life reports 41% rise in VNB in FY2026](https://reinasia.com/canara-hsbc-life-reports-41-rise-in-vnb-in-fy2026/) - Improved margins and higher new business volumes drove a 41% rise in VNB at Canara HSBC Life in FY2026. - [Labuan captive premiums rise 7.2% to US$726m in 2025](https://reinasia.com/labuan-captive-premiums-rise-7-2-to-us726m-as-segment-drives-insurance-growth/) - Labuan attracted 10 new captive entrants, with overall insurance premiums in the hub rising 5.8% to US$2.5bn. - [Descartes Underwriting names first CSO as MGA targets US$500m in premiums within three years](https://reinasia.com/descartes-underwriting-names-first-cso-as-mga-targets-us500m-in-premiums-within-three-years/) - Jean Hermelin joins from Oliver Wyman to lead group strategy and drive growth across Descartes' expanding international footprint. - [Go Digit’s combined ratio improves to 105.7% in FY2026 despite higher losses in select lines](https://reinasia.com/go-digits-combined-ratio-improves-to-105-7-in-fy2026-despite-higher-losses-in-select-lines/) - Lower expenses and premium growth drove a modest improvement in Go Digit’s Ind AS combined ratio in FY2026, despite weaker loss performance in select segments. - [Hong Kong private medical claims spend up over 60% in four years – HKFI study](https://reinasia.com/hong-kong-private-medical-claims-spend-up-over-60-in-four-years-hkfi-study/) - Day procedures and higher-end outpatient care were flagged as key drivers, with the study also pointing to panel providers and group plans as potential cost moderators. - [West P&I relocates Hong Kong office as China, Vietnam portfolio expands](https://reinasia.com/west-pi-relocates-hong-kong-office-as-china-vietnam-portfolio-expands/) - The club said its portfolio in the region has grown to more than 1,800 vessels, with Hong Kong-written tonnage exceeding 70m gross tonnes. - [Zurich taps Amit Kalra to lead new Global Capability Centre in India](https://reinasia.com/zurich-taps-amit-kalra-to-lead-new-global-capability-centre-in-india/) - The new appointment aligns with the rollout of the company's AI-focused centre in the country. - [SBI General appoints Shrish Mahuli as chief business officer](https://reinasia.com/sbi-general-appoints-shrish-mahuli-as-chief-business-officer/) - He joins the business from Reliance General Insurance. - [Fitch assigns Well Link Life first-time ‘BBB’ IFS rating, flags liquidity and investment reliance](https://reinasia.com/fitch-assigns-well-link-life-first-time-bbb-ifs-rating-as-revenue-growth-outpaces-peers/) - The Hong Kong life insurer turned profitable in 2024, with ROE reaching 11% in 2025 on favourable investment results. - [Specialist Risk Group launches employee benefits division in Australia](https://reinasia.com/specialist-risk-group-launches-employee-benefits-division-in-australia/) - Travis Bailey will head the new division, supported by Valentina Setiawan and Nicholas Chappell. - [China’s insurance sector posts 6.2% premium growth in Q1 2026](https://reinasia.com/chinas-insurance-sector-posts-6-2-premium-growth-in-q1-2026/) - Life insurers and foreign-funded players outperformed the broader market during the quarter, while property insurers recorded 2.9% growth. - [AI set to reshape insurance, but most carriers lag on readiness — AM Best survey](https://reinasia.com/ai-set-to-reshape-insurance-but-most-carriers-lag-on-readiness-am-best-survey/) - Most insurers expect AI to transform the industry within three years, but adoption remains uneven amid data, governance, and integration challenges. - [Zurich Singapore taps Marcus Seow as senior marine underwriter](https://reinasia.com/zurich-singapore-taps-marcus-seow-as-senior-marine-underwriter/) - He joins the insurer from AXA XL, where he most recently worked as senior underwriter for marine and cargo. - [HDFC ERGO elevates Samir Shah to Deputy Managing Director](https://reinasia.com/hdfc-ergo-elevates-samir-shah-to-deputy-managing-director/) - Shah brings 19 years of general insurance experience, with a track record in strengthening financial governance across the organisation. - [Sun Life Hong Kong expands Hoops + Health programme](https://reinasia.com/sun-life-opens-second-hoops-health-rooftop-basketball-court-in-hong-kong/) - The insurer has launched its second Hoops + Health rooftop court in Hong Kong, expanding its youth wellness programme. - [Well Link Life gets BBB- rating from S&P as product shift, distribution push support growth](https://reinasia.com/sp-assigns-well-link-life-bbb-as-hong-kong-insurer-broadens-product-distribution-mix/) - A shift toward longer-term, floating-return policies is expected to support value generation and liability management, according to S&P. - [Howden welcomes Kyle Chan as senior director, M&A Asia](https://reinasia.com/howden-welcomes-kyle-chan-as-senior-director-ma-asia/) - A lawyer by profession, Chan brings nearly two decades of legal experience across APAC and the Middle East. - [Raymond Ong named new chief executive officer of Tokio Marine Life Insurance Singapore](https://reinasia.com/raymond-ong-named-new-chief-executive-officer-of-tokio-marine-life-insurance-singapore/) - He was Etiqa Insurance Singapore's CEO for more than five years prior to his latest appointment. - [Singapore insurance trust drops as life and general sectors see broad declines in 2025](https://reinasia.com/iccsc-flags-decline-in-singapores-insurance-trust-levels-in-2025-study/) - ICCSC warns that gaps in service delivery, particularly in claims handling and communication, are eroding customer confidence across the sector. - [Kuwait Re begins operations from India's GIFT City](https://reinasia.com/kuwait-re-begins-operations-from-indias-gift-city/) - Kuwait Re has joined a growing group of global reinsurers operating from GIFT City. - [Acko prepares for 2027 IPO with US$2bn–US$2.5bn valuation target — report](https://reinasia.com/acko-prepares-for-2027-ipo-with-us2bn-us2-5bn-valuation-target-report/) - The digital insurer has appointed three banks and plans to file draft papers through a confidential route in H2 2026, sources said. - [Philippines GI market to reach US$3.9bn by 2030 as cat risk, digital sales lift demand — GlobalData](https://reinasia.com/philippines-gi-market-to-reach-us3-9bn-by-2030-as-cat-risk-digital-sales-lift-demand-globaldata/) - The data firm expects the segment to grow by 8.3% in 2026. - [Prudential Financial committed to Japan despite misconduct fallout](https://reinasia.com/prudential-financial-committed-to-japan-despite-misconduct-fallout/) - The insurer expects a US$525m-US$575m hit to 2026 pre-tax adjusted operating income as a prolonged Japan sales suspension weighs on earnings. - [Zurich’s ClearView acquisition enters ACCC Phase I probe](https://reinasia.com/zurichs-clearview-acquisition-enters-accc-phase-i-probe/) - The Australian regulator has sought views from market participants on potential impact of Zurich-ClearView, ahead of the 4 June 2026 decision deadline. - [Ageas explores acquisitions to expand India presence — report](https://reinasia.com/ageas-explores-acquisitions-to-expand-india-presence-report/) - Ageas is assessing inorganic growth opportunities and new distribution partnerships in India, while ruling out a public listing to raise capital. - [AIA Singapore, INSEAD roll out executive training for agency leaders](https://reinasia.com/aia-singapore-insead-roll-out-executive-training-for-agency-leaders/) - The on-campus programme, which offers a co-branded AIA-INSEAD certification for graduates, focuses on strategic leadership, business planning, sales productivity, and the development of scalable agency systems to support sustainable growth. - [ICA calls for 'urgent' government funding to boost local flood defences](https://reinasia.com/ica-calls-for-urgent-government-funding-to-boost-local-flood-defences/) - The Council proposes a 10-year A$30.15bn (US$21.50bn) Flood Defence Fund targeting 24 east-coast catchments covering 1.2 million at-risk properties, among other priorities. - [Korea’s 50% core-capital rule may force insurers away from subordinated funding — Fitch](https://reinasia.com/koreas-50-core-capital-rule-may-force-insurers-away-from-subordinated-funding-fitch/) - The rules introduce a parallel capital test that operates separately from headline K-ICS ratios and carries its own escalation framework for supervisory action. - [China Re backs new captive insurance cell launch in Malaysia's Labuan](https://reinasia.com/china-re-backs-new-captive-insurance-cell-launch-in-malaysias-labuan/) - Opulence Ltd partners with Asia's largest reinsurer and Northern Trust to establish regulated captive structure under Goldman Insurance PCC. - [Hong Kong insurance premiums surge nearly 30% in 2025, led by life business](https://reinasia.com/hong-kong-insurance-premiums-surge-nearly-30-in-2025-on-life-business-rebound-ia/) - Underwriting results in Hong Kong’s general insurance sector were mixed in 2025, with property underwriting profit falling sharply due to claims from the Wang Fuk Court fire. - [Moody’s keeps negative outlook on China life insurers amid low rates, rising equity risk](https://reinasia.com/moodys-keeps-negative-outlook-on-china-life-insurers-amid-low-rates-rising-equity-risk/) - Ratings agency flags continued pressure on China’s life insurers as low yields, rising equity exposure, and weakening solvency metrics weigh on the sector outlook. - [Sony Life to scrap exclusive agency model, widen policy checks after internal fraud case](https://reinasia.com/sony-life-to-scrap-exclusive-agency-model-widen-policy-checks-after-internal-fraud-case/) - The life insurer's checks will cover around 2.5 million policies, according to the Asahi Shimbun. - [Asia insurance rates decline continues across major commercial lines in Q1 2026](https://reinasia.com/asia-insurance-rates-decline-continues-across-major-commercial-lines-in-q1-2026/) - Increased insurer capacity and competitive pressures pushed Asia’s commercial insurance rates down another 5% last quarter, says Marsh. - [Moody’s upgrades Peak Re's financial strength rating to A3](https://reinasia.com/moodys-upgrades-peak-res-financial-strength-rating-to-a3/) - Moody’s cited reduced contagion risk from Fosun and effective ring-fencing measures as key factors behind the upgrade. - [Sun Life Hong Kong reports record HK$11.8bn new business APE in 2025](https://reinasia.com/sun-life-hong-kong-reports-record-hk11-8bn-new-business-ape-in-2025/) - Broker‑led growth lifted Sun Life Hong Kong’s new business APE to a record level in 2025. - [CPIC launches its first comprehensive liability cover for low-altitude logistics drones in Beijing](https://reinasia.com/cpic-launches-its-first-comprehensive-liability-cover-for-low-altitude-logistics-drones-in-beijing/) - This end-to-end policy, delivered to an unnamed logistics firm, covers injury, property damage, cargo loss, and site-related incidents. - [Suncorp secures A$2.4bn five-year aggregate reinsurance cover](https://reinasia.com/suncorp-secures-a2-4bn-five-year-aggregate-reinsurance-cover/) - The new aggregate reinsurance cover provides A$800m of protection per year and attaches slightly above the group’s natural hazard allowance. - [85% of Wang Fuk Court insurance claims settled — IA](https://reinasia.com/85-of-wang-fuk-court-insurance-claims-settled-ia/) - Payouts for settled claims have reached nearly HK$510m, according to the Insurance Authority. - [Lockton, CDP Group partner in Shanghai to boost cross-border employee benefits](https://reinasia.com/lockton-cdp-group-partner-in-shanghai-to-boost-cross-border-employee-benefits/) - The partnership unifies insurance and human resources services to provide mobility, risk protection, and transparent benefits for expatriate and local talent. - [Stronger, steadier ILS market sets stage for Asia growth, but structural gaps remain](https://reinasia.com/stronger-steadier-ils-market-sets-stage-for-asia-growth-but-structural-gaps-remain/) - Record issuance and steady returns are drawing broader investor interest, but stronger data, transparency, ratings and regulatory confidence remain critical for Asia to scale participation. - [Nippon Life’s India asset management unit agrees to US$10m settlement in SEBI probe — report](https://reinasia.com/nippon-lifes-india-asset-management-unit-agrees-to-us10m-settlement-in-sebi-probe-report/) - In a one‑of‑a‑kind SEBI settlement, Nippon Life’s asset management unit will return funds to investors affected by Yes Bank bond losses. - [Bharti Group in talks to sell majority stake in life insurer to Prudential — report](https://reinasia.com/bharti-group-in-talks-to-sell-majority-stake-in-life-insurer-to-prudential-report/) - A deal would mark Bharti’s exit from life insurance. - [Braving New Worlds: The Marine Insurance Risk Outlook for Asia 2026 | QBE](https://reinasia.com/braving-new-worlds-the-qbe-marine-insurance-risk-outlook-for-asia-2026/) - By Sebastian Tjornelund – Head of Marine, QBE Asia, and the QBE Asia Marine team Realising a more resilient maritime industry Recent years have highlighted the growing complexity of the maritime risk environment, as geopolitical developments, cyber risk, and extreme weather continue to shape operational and loss considerations across the sector. The QBE Marine Insurance - [APRA proposes final shift of life insurer data reporting to APRA Connect](https://reinasia.com/apra-proposes-final-shift-of-life-insurer-data-reporting-to-apra-connect/) - The proposed changes will update three reporting standards and set a single data submission platform for all life insurers and friendly societies. - [Shinkong Insurance underwriting result hits record low combined ratio – AM Best](https://reinasia.com/shinkong-insurance-underwriting-result-hits-record-low-combined-ratio-am-best/) - The Taiwanese non-life insurer posted a net combined ratio of 82.2% in 2025, supporting the agency's affirmation of its A FSR and “a+” ICR. - [Tokio Marine & Nichido (China) underwriting ‘more subdued’ in 2025 as AM Best affirms ratings](https://reinasia.com/tokio-marine-nichido-china-underwriting-more-subdued-in-2025-as-am-best-affirms-ratings/) - The insurer also recorded a moderate increase in its combined ratio. - [FWD, Well Link Bank strike bancassurance partnership in Macau](https://reinasia.com/fwd-well-link-bank-strike-bancassurance-partnership-in-macau/) - The bank and the insurer said the offering would focus on wealth and legacy-planning cover for customers, including high-net-worth individuals and visitors. - [Ping An unveils new ESG framework](https://reinasia.com/ping-an-unveils-simple-framework-as-2025-sustainability-push-drives-cny10-88-trillion-real-economy-support/) - The 'SIMPLE' framework has six pillars: sustainable, inclusion, mitigation, people-oriented, low-carbon, and efficiency. - [Willis elevates Scott Kirkwood to head of natural resources, Pacific](https://reinasia.com/willis-appoints-scott-kirkwood-as-head-of-natural-resources-pacific/) - Kirkwood takes up the new role after serving as general manager for Queensland at the business. - [Insurer secondees leaked Toyota employee and partner information — Report](https://reinasia.com/insurer-secondees-leaked-toyota-employee-and-partner-information-report/) - Secondees from Tokio Marine & Nichido, Mitsui Sumitomo, and Aioi Nissay Dowa, may be in breach of information and competition laws. - [SBI Life VNB rises 12% in FY2026 on business volume growth](https://reinasia.com/sbi-life-vnb-rises-12-in-fy2026-on-business-volume-growth/) - Rising contributions from institutional alliances and direct sales complemented steady bancassurance performance as new business premiums increased. - [Cyber insurance demand set to rise as protection gaps persist globally: Munich Re](https://reinasia.com/cyber-insurance-demand-set-to-rise-as-protection-gaps-persist-globally-munich-re/) - Rising AI adoption and deepening cloud dependencies are amplifying cyber risks as interest in cyber insurance continues to build, according to Munich Re. - [Pacific posts third straight quarter of double-digit commercial rate declines](https://reinasia.com/pacific-posts-third-straight-quarter-of-double-digit-commercial-insurance-rate-declines/) - Region once again posted the steepest rate decline globally, softening 12% in Q1, according to Marsh data. - [PartnerRe names new APAC leadership team with James Beedle to retire](https://reinasia.com/partnerre-names-new-apac-leadership-team-as-james-beedle-prepares-to-retire/) - Sasa Hu, David Xu and John Mok will step into expanded roles leading PartnerRe’s P&C operations across Asia-Pacific from 1 July 2026. - [EIP partners with Nexacore to expand device protection solutions across Southeast Asia](https://reinasia.com/eip-partners-with-nexacore-to-expand-device-protection-solutions-across-southeast-asia/) - The partnership aims to support the launch of scalable device protection and extended warranty solutions amid growing demand at the point of sale. - [Storm claims in New Zealand surge 256% as country hit by record 46 storms in a year — IAG](https://reinasia.com/storm-claims-in-new-zealand-surge-256-as-country-hit-by-record-46-storms-in-a-year-iag/) - Some 33,174 claims were lodged between 1 March 2025 and 28 February 2026, mostly stemming from roof leaks, fallen trees, and broken windows. - [PSC Insurance Brokers taps James Thornberry as head of trade credit and surety](https://reinasia.com/psc-insurance-brokers-taps-james-thornberry-as-head-of-trade-credit-and-surety/) - He brings over 25 years of experience in credit insurance, banking, and financial services, with a recent role as managing director at National Credits Insurance (Brokers). - [US insurance firm The Standard opens global capability centre in India](https://reinasia.com/us-insurance-firm-the-standard-opens-global-capability-centre-in-india/) - The US-based insurer’s new global capability centre in India will underpin a shift from vendor-led technology delivery to in-house engineering. - [Allianz, Jio ink deal to form 50:50 India primary insurance joint venture for general, health lines](https://reinasia.com/allianz-jio-ink-agreement-to-form-5050-india-primary-insurance-jv-for-general-health-lines/) - The agreement follows the launch of the Allianz Jio Re, with the firms also looking to pursue a separate life insurance venture. - [Middle East spillovers may drive 15,000 additional insolvencies through 2027, led by Asia: Allianz Trade](https://reinasia.com/middle-east-spillovers-may-drive-15000-additional-insolvencies-through-2027-led-by-asia-allianz-trade/) - Asia is expected to drive 54% of the global rise in business insolvencies in 2026–2027, with the company forecasting APAC cases up 7% this year and 3% next year. - [JBA launches global climate change flood maps](https://reinasia.com/jba-launches-global-climate-change-flood-maps-to-aid-in-risk-analysis/) - New mapping tools allow (re)insurers to explore physical climate risk, identify spatial patterns and hotspots, and compare impacts under different climate scenarios. - [Prudential Life Japan extends new-sales suspension by 180 days](https://reinasia.com/prudential-life-japan-extends-voluntary-sales-suspension-by-180-days/) - The extended pause follows an internal probe that found staff solicited about 500 customers for unapproved financial products. - [HSBC narrows bidders for Singapore insurance unit to three — report](https://reinasia.com/hsbc-narrows-bidders-for-singapore-insurance-unit-to-three-report/) - Allianz, Dai-ichi Life and Singlife are reported to have made the shortlist for bids that could value the business at up to US$2bn. - [South Korea’s FSS refunds KRW1.36bn in auto insurance fraud surcharges to 2,289 victims](https://reinasia.com/south-koreas-fss-refunds-krw1-36bn-in-auto-insurance-fraud-surcharges-to-2289-victims/) - The FSS says it will also transfer long-term unclaimed surcharges to the Korea Inclusive Finance Agency from May 2026. - [Newline Australia promotes Bec Smith to senior underwriter in professional indemnity team](https://reinasia.com/newline-australia-promotes-bec-smith-to-senior-underwriter-in-professional-indemnity-team/) - She first joined the company in 2024 as an underwriter. - [Talent crunch intensifies as Asia’s transactional risk market matures  ](https://reinasia.com/talent-crunch-intensifies-as-asias-transactional-risk-market-matures/) - Strong deal flow potential is drawing more interest, but rising claims and softer pricing could pressure profitability. - [Bolttech names Kohei Watanabe as general manager, Japan](https://reinasia.com/bolttech-names-kohei-watanabe-as-general-manager-japan/) - He brings over 25 years of experience across P&C insurance and technology-led businesses. - [Equity push fuels China life insurers’ 2025 investment gains — S&P](https://reinasia.com/equity-push-fuels-china-life-insurers-2025-investment-gains/) - China Life’s operating profit jumped 55% to 186.12bn yuan (US$27.31bn) in 2025, while New China Life and Ping An posted gains of 29% and 11%, respectively. - [XS Global Asia Pacific taps Mark O’Brien to lead Asia treaty portfolio growth](https://reinasia.com/xs-global-asia-pacific-taps-mark-obrien-to-lead-asia-treaty-portfolio-growth/) - The appointment follows the MGA’s recent launch of its Hong Kong unit and a series of regional hires, with O’Brien to be based in London. - [XS Global targets APAC with launch of Hong Kong unit](https://reinasia.com/xs-global-targets-apac-with-launch-of-hong-kong-unit/) - Asia Pac unit will initially focus on inward facultative property, casualty, marine, and accident and health business. - [Fiji gets US$540k support from PCRIC after Cyclone Vaianu falls just short of cover trigger](https://reinasia.com/fiji-gets-us540k-support-from-pcric-after-cyclone-vaianu-falls-just-short-of-cover-trigger/) - The ex gratia payment provides urgent relief following widespread flooding and displacement in the country. - [Swiss Re names Anna Ziswiler as Head of P&C Re for Southeast Asia, India, Hong Kong, Taiwan, and Korea](https://reinasia.com/swiss-re-names-anna-ziswiler-as-head-of-pc-reinsurance-for-southeast-asia-india-hong-kong-taiwan-and-korea/) - Ziswiler has been with the reinsurer for 16 years and will also take on Country President responsibilities for Singapore, Malaysia, Hong Kong, Korea and India. - [Great Eastern posts 19% VNB growth in 2025 as Fitch affirms ‘AA’ rating](https://reinasia.com/great-eastern-posts-19-vnb-growth-in-2025-as-fitch-affirms-aa-rating/) - Improved new business margins and rise in new business value underpinned Fitch’s decision to affirm the ratings of Great Eastern Holdings’ core insurance subsidiaries. - [CFC launches agentic underwriting within cyber business](https://reinasia.com/cfc-launches-agentic-underwriting-within-cyber-business/) - The agentic underwriting pilot has been rolled out on a limited basis, with all recommendations reviewed and approved by human underwriters. - [MS Amlin launches sub-syndicate s1673 to expand underwriting capacity and support growth](https://reinasia.com/ms-amlin-launches-sub-syndicate-s1673-to-expand-underwriting-capacity-and-support-growth/) - The vehicle will support business from the firm’s Portfolio Solutions team, which targets opportunities from its MS&AD network and Lloyd’s initiatives. - [Global nat cat losses in Q1 2026 below 10-year average — Gallagher Re](https://reinasia.com/global-nat-cat-losses-in-q1-2026-below-10-year-averages-gallagher-re/) - Absence of US$10bn+ kept totals subdued, with economic losses of US$58bn and insured losses of around US$20bn recorded in the first quarter. - [Beazley to launch US$1bn marine war consortium amid lingering Strait of Hormuz tensions](https://reinasia.com/beazley-to-launch-us1bn-marine-war-consortium-as-strait-of-hormuz-tensions-linger/) - The facility, which aims to provide coverage of US$500m each for hull war and cargo war, will be backed by Lloyd's syndicates and will remain open to third-party capital. - [IAG creates Customer Advocate function to strengthen oversight](https://reinasia.com/iag-creates-customer-advocate-function-to-strengthen-oversight/) - Jennifer Cobley and Georgia Whitbread have been appointed internally to job-share the executive manager, community impact and customer advocate role. - [Dicky Lam named new chief financial officer of Chubb Life Hong Kong](https://reinasia.com/dicky-lam-named-new-chief-financial-officer-of-chubb-life-hong-kong/) - He brings over 28 years of life insurance experience across Asia and most recently served as CFO of Prudential Hong Kong. - [Generali's Human Safety Net mobilises US$19m in aid for over 515,000 vulnerable people in 2025](https://reinasia.com/generalis-human-safety-net-mobilises-us19m-in-aid-for-over-515000-vulnerable-people-in-2025/) - The global initiative delivered over 100,000 volunteer hours in 2025, combining financial aid, co-funding, and Generali employee skills to support partner NGOs. - [Blue Zebra consolidates underwriting units under single brand following February share sale](https://reinasia.com/blue-zebra-consolidates-underwriting-units-under-single-brand-following-february-share-sale/) - Blue Zebra’s consolidation brings together four Envest-backed agencies under one operating model to streamline broker access and reduce market fragmentation. - [Asia life reinsurance capital up 29% as global capacity tops US$160bn – Guy Carpenter](https://reinasia.com/asia-life-reinsurance-capital-up-29-as-global-capacity-tops-us160bn-guy-carpenter/) - The sector's capital base in Asia climbed to an estimated US$44bn in 2024 from US$34bn in 2023. - [Australia’s average nat cat claim climbs 39% in 2025 as ICA lifts loss estimate to A$4.8bn](https://reinasia.com/australias-average-nat-cat-claim-climbs-39-in-2025-as-ica-lifts-loss-estimate-to-a4-8bn/) - Late-year storms and rising costs add to Australian insurers’ extreme weather bill, with Queensland accounting for A$4.1bn of insurance losses. - [Benign cat year, premium repricing lifts Australia non-life profit to A$10.5bn — AM Best](https://reinasia.com/benign-catastrophe-year-investment-gains-lift-australia-non-life-profit-to-a10-5bn-am-best/) - New rules and affordability pressures shaped Australia’s non-life segment as insurers posted higher earnings in FY2025. - [APAC nat cat protection gap continues to widen amid rising heat, floods and earthquakes: Aon](https://reinasia.com/apac-nat-cat-protection-gap-widens-amid-rising-heat-floods-and-earthquakes-aon/) - Compared with the US and Europe, Asia Pacific remains acutely underinsured, with natural catastrophe losses far exceeding insurance coverage in 2025. - [Japan issues tsunami advisory for northern coast following offshore 7.7 magnitude earthquake](https://reinasia.com/japan-issues-tsunami-advisory-for-northern-coast-following-offshore-7-7-magnitude-earthquake/) - Japan issued tsunami advisories for several northern prefectures after a strong offshore earthquake occurred off the Sanriku coast. - [India expands approved Russian marine insurers to 11](https://reinasia.com/india-expands-russian-marine-insurers-list-extends-approvals-for-four-firms/) - The inclusion of three new Russian protection and indemnity insurers, alongside approval extensions for four others, comes amid continued disruption across global shipping routes. - [Agile announces underwriting leadership promotions in Australia, New Zealand](https://reinasia.com/agile-announces-underwriting-leadership-promotions-in-australia-new-zealand/) - Mark Hunt becomes group chief underwriting officer covering Australia, New Zealand, and London, while Mike Dalton, current group head of aviation, takes on an additional role as head of underwriting for Australia. - [APAC nat cat losses subdued in Q1 2026 despite US$1bn Australia bushfire hit — Aon](https://reinasia.com/apac-nat-cat-losses-subdued-in-q1-2026-despite-us1bn-australia-bushfire-hit-aon/) - Insured losses from the event were estimated at US$300m, as global economic losses reached US$37bn, 43% below the 21st-century average and the lowest since 2015. - [Rajive Kumaraswami named managing director and CEO of Cholamandalam MS General Insurance](https://reinasia.com/rajive-kumaraswami-named-managing-director-and-ceo-of-cholamandalam-ms-general-insurance/) - Kumaraswami will succeed V. Suryanarayanan, who is set to retire on 31 May 2026. - [Crawford Australia promotes Simon Chenery to national executive adjuster](https://reinasia.com/crawford-australia-promotes-simon-chenery-to-national-executive-adjuster/) - He first joined the company in 2024 and brings over 30 years of loss adjusting experience. - [India maintains 4% obligatory reinsurance cession for FY2027](https://reinasia.com/india-maintains-4-obligatory-reinsurance-cession-for-fy2027/) - India has maintained the obligatory reinsurance cession at 4% since its reduction from 5% in FY 2023. - [Chubb welcomes Ariel Llugdar as head of motor claims for Malaysia](https://reinasia.com/chubb-welcomes-ariel-llugdar-as-head-of-motor-claims-for-malaysia/) - He moves from Allianz Insurance, where he most recently served as head of motor claims and expert technical advisory. - [Newline announces underwriting promotions within Asia team](https://reinasia.com/newline-announces-underwriting-promotions-within-asia-team/) - Cayden Lim moves up to underwriter for liability, while both Songju Lee and Jayrius Lai are now underwriters for financial lines. - [Fitch sees limited near-term credit impact as APAC updates capital, FX rules](https://reinasia.com/fitch-sees-limited-near-term-credit-impact-as-apac-updates-capital-and-fx-rules/) - The agency said the changes are unlikely to be meaningful enough in most cases to negatively affect insurers’ credit profiles, even if firms adjust investment, hedging and product design. - [Australian general insurer complaints rise 30% in FY2025](https://reinasia.com/australian-general-insurer-complaints-rise-30-in-fy2025/) - ASIC's new dashboard shows that premium disputes and claims handling delays drove the rise. - [Fukoku Life's interest-rate risk eases as Fitch affirms insurer's ratings](https://reinasia.com/fitch-affirms-fukoku-life-at-a-as-insurers-interest-rate-risk-eases/) - The Japanese insurer's disciplined pricing and risk selection drove stable, profitable underwriting with minimal reinsurance reliance. - [India approves US$1.4bn Bharat Maritime Insurance Pool](https://reinasia.com/india-approves-us1-4bn-bharat-maritime-insurance-pool/) - Sovereign-backed scheme aims to cut reliance on foreign insurers and build domestic marine underwriting expertise. - [Chubb weighs potential return to India after hiatus — report](https://reinasia.com/chubb-weighs-potential-return-to-india-after-hiatus-report/) - Non‑life insurance is the likely focus for the US-headquartered insurer, with strategic options still under review over the coming months. - [ICICI Prudential Life names Amish Banker as chief distribution officer](https://reinasia.com/icici-prudential-life-names-amish-banker-chief-distribution-officer/) - He has been with the life insurer for over 25 years, most recently serving as chief operations officer. - [Australia's Life Code interim report calls for stronger mental health cover and claims handling](https://reinasia.com/life-code-interim-report-calls-for-stronger-mental-health-cover-and-claims-handling/) - Peter Kell's phase-one findings also tackle enforceability, vulnerability support, and First Nations engagement — with stakeholder feedback open until 8 May 2026. - [HDFC Bank approves US$107.8m investment in HDFC Life](https://reinasia.com/hdfc-bank-approves-us107-8m-investment-in-hdfc-life/) - India's largest private sector bank has moved to bolster its life arm’s capital position after HDFC Life reported resilient premium growth and softer new business margins in FY2026. - [HDFC Life VNB growth tapers in FY2026 amid steady premium growth](https://reinasia.com/hdfc-life-vnb-growth-tapers-in-fy2026-amid-steady-premium-growth/) - Regulatory changes weighed on the private life insurer's VNB growth and margins in FY2026, even as premium growth and net profit remained positive. - [Raheja QBE welcomes Yogesh Gaur as zonal head for corporate sales](https://reinasia.com/raheja-qbe-welcomes-yogesh-gaur-as-zonal-head-for-corporate-sales/) - He will spearhead commercial distribution across India's North and East Zones. - [Miramar hires Suki Chan, Sherman Chan in commercial underwriting roles](https://reinasia.com/miramar-hires-suki-chan-sherman-chan-in-commercial-underwriting-roles/) - Suki Chan joins as a property underwriter, while Sherman Chan joins as an underwriting support officer. - [ACCC sends IAG's latest RAC Insurance bid to Phase 2 review as competition fears persist](https://reinasia.com/accc-sends-iags-latest-rac-insurance-bid-to-phase-2-review-as-competition-fears-persist/) - Australia's new mandatory merger control regime gets put through its paces as the regulator examines IAG's proposed A$1.35bn (US$951m) deal for the second time. - [Muthoot Finance plans entry into India insurance distribution as corporate agent](https://reinasia.com/muthoot-finance-plans-entry-into-insurance-distribution-as-corporate-agent/) - Subject to IRDAI registration, the NBFC plans to distribute life, general, and health products. - [Taiwan's FSC launches incentive scheme to steer insurer capital into strategic sectors](https://reinasia.com/taiwans-fsc-launches-incentive-scheme-to-steer-insurer-capital-into-strategic-sectors/) - The regulator targets a cumulative investment of NT$180bn (US$9.50bn) by the third phase of the programme at the end of 2028. - [Abundant capacity keeps Asian energy insurance rates under pressure in early 2026: WTW](https://reinasia.com/abundant-capacity-keeps-asian-energy-insurance-rates-under-pressure-in-early-2026-wtw/) - The intense rate competition is expected to persist across Asia’s energy insurance market at least into first half of 2026. - [ICICI Lombard combined ratio edges up to 103.4% in FY2026 as premium growth lags industry](https://reinasia.com/icici-lombard-combined-ratio-edges-up-to-103-4-in-fy2026-as-premium-growth-lags-industry/) - India's largest private sector general insurer's loss ratios in crop and fire lines increased during FY2026, however the business saw profits rise by over 10%. - [Swiss Re names Devpriya Misra as head of newly established credit and surety hub for APAC, Middle East, and Africa](https://reinasia.com/swiss-re-names-devpriya-misra-as-head-of-newly-established-credit-and-surety-hub-for-apac-middle-east-and-africa/) - He has been with the reinsurer since 2009 and has held a number of global and senior leadership roles, most recently as director. - [Consumers being misled by AI when filing insurance complaints, says NZ ombudsman](https://reinasia.com/consumers-being-misled-by-ai-when-filing-insurance-complaints-says-nz-ombudsman/) - IFSO said AI can raise false expectations, cite irrelevant material, generate overly long complaints and create privacy risks. - [Strong rebound ahead for Lloyd’s legacy market amid tightened capital discipline — Aon](https://reinasia.com/aon-projects-strong-rebound-ahead-for-lloyds-legacy-market-amid-tightened-capital-discipline/) - Softer conditions, strong M&A activity, and improved market infrastructure should drive renewed deal momentum following a 2024-2025 slowdown, according to the broker. - [Hong Kong’s Insurance Authority expands student outreach with updated lifetime risk quiz](https://reinasia.com/hong-kongs-insurance-authority-expands-student-outreach-with-updated-lifetime-risk-quiz/) - The programme, delivered with the Financial Education Centre of the Hong Kong Family Welfare Society, drew 2,200 students from 58 schools. - [Sompo expands operations in Australia with new underwriting team](https://reinasia.com/sompo-expands-operations-in-australia-with-new-underwriting-team/) - The nine new underwriters will report to Paul O'Neill, president of commercial P&C lines for APAC. - [Aon expands Daniel England’s remit with APAC casualty treaty leadership role](https://reinasia.com/aon-expands-daniel-englands-remit-with-apac-casualty-treaty-leadership-role/) - Alongside his new appointment, he will continue serving as head of casualty and cyber treaty in Japan. - [Howden New Zealand hires Mark Stankovich as Auckland partner](https://reinasia.com/howden-new-zealand-hires-mark-stankovich-as-auckland-partner/) - He is the broker's latest hire from Aon, where he most recently worked as an executive director. - [Hong Kong complaints rise 33% in 2025, Insurance Complaints Bureau reports](https://reinasia.com/hong-kong-complaints-rise-33-in-2025-insurance-complaints-bureau-reports/) - The ICB handled 857 complaint cases in 2025, up from 646 the previous year, with most linked to hospitalisation, medical, and travel policies. - [Rare Earth announces senior leadership changes as Wang Wei becomes chairman](https://reinasia.com/rare-earth-announces-senior-leadership-changes-as-wang-wei-becomes-chairman/) - The changes also see Candace Chan, Mark Gu, and Martin Ham named as regional Chief Executives. - [Crawford Australia taps Hanne Topland as Sydney-based marine surveyor](https://reinasia.com/crawford-australia-taps-hanne-topland-as-sydney-based-marine-surveyor/) - A qualified lawyer, she brings 18 years of experience in marine insurance, specializing in legal, claims, and broking. - [Canara HSBC Life enters bancassurance deal with Odisha Grameen Bank](https://reinasia.com/canara-hsbc-life-inks-bancassurance-agreement-with-odisha-grameen-bank/) - The deal comes as the RBI prepares to introduce stricter conduct rules for banks distributing insurance from July. - [Berkshire's National Indemnity Company completes US$1.8bn stake purchase in Tokio Marine](https://reinasia.com/berkshires-national-indemnity-company-completes-us1-8bn-stake-purchase-in-tokio-marine/) - The deal gives NICO a 2.49% stake in Tokio Marine Holdings as part of a new strategic partnership between the two groups. - [Malaysia life insurers’ medical claims rise 5.3% in 2025 – LIAM](https://reinasia.com/malaysia-life-insurers-medical-claims-rise-5-3-to-rm9-37bn-in-2025-liam/) - The industry association also expects the country's medical inflation rate to reach 16% in 2026. - [Zurich names Digbijoy Shukla to head APAC digital business as Roopa Malhotra takes Japan executive role](https://reinasia.com/zurich-names-digbijoy-shukla-to-head-apac-digital-business-as-roopa-malhotra-takes-japan-executive-role/) - Shukla steps in to lead Zurich Edge as the insurer looks to continue expansion of its digital and embedded insurance footprint across Asia-Pacific. - [Vietnam life GWP to top US$7bn by 2030 as digital channels gain ground — GlobalData](https://reinasia.com/vietnam-life-gwp-seen-topping-us7bn-by-2030-as-digital-channels-gain-ground-globaldata/) - Growth is expected to continue to pick up pace following declines in 2023 and 2024. - [ICICI Prudential Life's VNB grows 10.9% in FY2026 led by protection business](https://reinasia.com/icici-prudential-lifes-vnb-grows-10-9-in-fy2026-led-by-protection-business/) - A sharper tilt towards protection, improving cost efficiency and a changing distribution mix helped ICICI Prudential Life strengthen profitability in FY2026. - [Marsh Risk Asia appoints Didier Bélot as head of industry](https://reinasia.com/marsh-risk-asia-appoints-didier-belot-as-head-of-industry/) - He brings over 18 years of experience across global markets, with a prior stint as CEO for Southeast Asia at Swiss Re Corporate Solutions. - [Canara HSBC Life Insurance inks bancassurance pact with Bihar Gramin Bank](https://reinasia.com/canara-hsbc-life-insurance-inks-bancassurance-pact-with-bihar-gramin-bank/) - The agreement marks another step in expanding reach while the insurer simultaneously readies a fresh round of fundraising. - [Coface names Agnes Chan as regional head of partnerships for APAC](https://reinasia.com/coface-names-agnes-chan-as-regional-head-of-partnerships-for-apac/) - She has been with the firm since 2016 and was most recently country manager of Malaysia, Indonesia, and the Philippines. - [Sompo taps Daniel Lukas as head of personal lines for APAC](https://reinasia.com/sompo-taps-daniel-lukas-as-head-of-personal-lines-for-apac/) - He moves after 11 years at Chubb, most recently serving as chief underwriting officer. - [Sompo confirms five APAC commercial appointments, including new head of aviation](https://reinasia.com/sompo-confirms-five-apac-commercial-appointments-including-new-head-of-aviation/) - Olivia Clark joins as head of aviation alongside four other senior underwriting appointments across property and financial lines. - [Hyperscale data centre boom to drive US$10bn premium surge but capacity gap persists, says S&P](https://reinasia.com/hyperscale-data-centre-boom-to-drive-us10bn-premium-surge-but-capacity-gap-persists-says-sp/) - Asia-Pacific leads a wave of new data centre projects as insurers and brokers launch expanded facilities and limits to meet rising demand. - [GIC Re receives US$37.6m income tax demand for FY2024 assessment year](https://reinasia.com/gic-re-receives-us37-6m-income-tax-demand-for-fy2024-assessment-year/) - The demand includes multiple tax additions relating to transfer pricing adjustments, amortisation of investment premium and provisions for doubtful debts. - [Regulator imposes special licence conditions on NRMA Insurance over motor pricing failures](https://reinasia.com/sira-sets-special-licence-conditions-on-nrma-insurance-over-pricing-failures/) - NRMA Insurance must now review its systems and demonstrate compliance after self-reporting breaches of the Motor Accident Guidelines. - [Yuman Chan resigns as general manager of Bupa Hong Kong](https://reinasia.com/bupa-hong-kong-gm-yuman-chan-resigns/) - CEO Antonio Cantó steps in on an interim basis following Chan's immediate departure after four years in the role. - [Steven Chen rejoins Oliver Wyman as Singapore-based partner in insurance and asset management](https://reinasia.com/steven-chen-rejoins-oliver-wyman-as-singapore-based-partner-in-insurance-and-asset-management/) - He first served as a principal at the Marsh subsidiary from 2009 to 2021. - [Prudential Health India names new CEO and COO as business targets operating licence](https://reinasia.com/prudential-health-india-names-new-ceo-and-coo-as-business-targets-operating-licence/) - Amit Dave brings more than two decades of experience to lead Prudential Health India as the business prepares to secure its operating licence. - [Berkley Re Asia names Kenrick Law as head of underwriting](https://reinasia.com/berkley-re-asia-pacific-names-kenrick-law-as-head-of-underwriting/) - The former Allianz Re regional CEO brings over 25 years of Asia-Pacific reinsurance experience to the role. - [PERILS raises Victoria January bushfire insurance loss estimate to A$810m](https://reinasia.com/perils-raises-victoria-january-bushfire-insurance-loss-estimate-to-a810m/) - The figure is up from PERILS’ initial estimate of A$786m (US$553.7m). - [Gallagher Re Korea appoints MJ Sung as divisional director](https://reinasia.com/gallagher-re-korea-appoints-mj-sung-as-divisional-director/) - He joins the business from rival Aon. - [Moody’s shifts Japan life sector outlook to positive on rising rates](https://reinasia.com/moodys-shifts-japan-life-sector-outlook-to-positive-on-rising-rates/) - Local life insurers are leaning on overseas acquisitions to offset a shrinking domestic population, even as the agency says capital buffers should stay resilient. - [Markel expands fintech insurance offering to Australia](https://reinasia.com/markel-expands-its-fintech-insurance-offering-to-australia/) - FintechRisk+ offers modular insurance cover tailored to medium- and large-sized fintech businesses. - [Korea non-life insurers post 18% surge in premiums in Q4 as claims ease, profits recover](https://reinasia.com/korea-non-life-insurers-post-18-surge-in-premiums-in-q4-as-claims-ease-profits-recover/) - Long-term retirement products fueled a near-18% premium increase, but several specialty GI lines lost ground. - [Ping An considers offloading US$1bn in software-focused private equity stakes — report](https://reinasia.com/ping-an-considers-offloading-us1bn-in-software-focused-private-equity-stakes-report/) - The plan to reduce approximately US$1bn in North America-focused software private equity stakes comes amid a broader pullback from the asset class by private credit funds and insurers. - [India moves to establish sovereign-backed US$100m war-risk marine insurance pool — reports](https://reinasia.com/india-moves-to-establish-sovereign-backed-us100m-war-risk-marine-insurance-pool/) - GIC Re and New India Assurance are said to be leading the formation of a US$100m marine war-risk pool to cover vessels on high-risk routes in and around the Persian Gulf. - [Neo Risk secures composite broker licence in India](https://reinasia.com/neo-risk-secures-composite-broker-licence-in-india/) - With the upgraded licence, the broker aims to expand its offering to reinsurance solutions, including cross‑border transactions. - [Specialist Risk Group promotes Halim Rosalan to partner and head of business, Asia](https://reinasia.com/specialist-risk-group-promotes-halim-rosalan-to-partner-and-head-of-business-asia/) - Rosalan will work closely with SRG APAC CEO Collin Yap to lead business development and risk solutions across the region. - [Singapore insurers face elevated Middle East war risk on marine exposure, S&P says](https://reinasia.com/singapore-insurers-face-elevated-middle-east-war-risk-on-marine-exposure-sp-says/) - APAC insurers are well positioned to absorb Middle East-related stresses, but insurers in Singapore stand out owing to their position as a major shipping and insurance hub. - [Vaianu makes landfall in Bay of Plenty as New Zealand declares states of emergency](https://reinasia.com/cyclone-vaianu-cuts-power-to-thousands-and-forces-evacuations-across-new-zealands-north-island/) - Insurers brace for complex multi-event claims as Vaianu cuts power to 5,000 homes and forces coastal evacuations across Northland, Waikato and Hawke's Bay. - [Centrewest Insurance Brokers names Yvonne Chew as new head of broking services](https://reinasia.com/centrewest-insurance-brokers-names-yvonne-chew-as-new-head-of-broking-services/) - She has been with the company for over a year, most recently as client manager - specialty and global. - [ICA backs QLD bill targeting illegal high-speed e-mobility devices](https://reinasia.com/ica-backs-qld-bill-targeting-illegal-high-speed-e-mobility-devices/) - Queensland hospital data show e-mobility injury presentations rose more than 45% from 2023 to 2025, as the ICA flagged enforcement and the proposed 10km/h shared-path limit. - [HDI Global Singapore taps Diane Chong as senior underwriter, downstream energy](https://reinasia.com/hdi-global-singapore-taps-diane-chong-as-senior-underwriter-downstream-energy/) - She joins from Everest, where she was a downstream energy, power, and construction underwriter. - [Vero hires Renata Mazzone as strategic relationship manager, broker partnerships](https://reinasia.com/vero-hires-renata-mazzone-as-strategic-relationship-manager-broker-partnerships/) - She joins after an extensive stint at Zurich, where she was most recently national broker relationship manager. - [Starr taps Vichai Laotrakul as CEO of Thailand](https://reinasia.com/starr-appoints-vichai-laotrakul-as-ceo-of-thailand/) - Starr Insurance has named Vichai Laotrakul as chief executive officer of its Thailand operations, the business announced on LinkedIn on Monday. Laotrakul brings more than 20 years of underwriting experience to the role. He joins from Allianz Ayudhya, where he was chief distribution officer — his second stint at the group, following a three-and-a-half-year tenure - [Asia Pacific W&I insurance rates hit historic lows as MGA exits signal market pressure — Gallagher](https://reinasia.com/asia-pacific-wi-insurance-rates-hit-historic-lows-as-mga-exits-signal-market-pressure/) - Four consecutive years of W&I rate declines in Asia-Pacific have coincided with rising claims notifications and MGA exits, as competition among insurers and agents intensifies. - [FSA to inspect Prudential Holdings Japan over improper customer payments — report](https://reinasia.com/fsa-to-inspect-prudential-holdings-japan-over-improper-customer-payments-report/) - The country's FSA is examining whether group oversight has failed to stop decades-long illicit customer payments at Prudential Life. - [Japan Post Insurance to appoint Onishi Toru as new CEO in management reshuffle](https://reinasia.com/japan-post-insurance-to-appoint-onishi-toru-as-new-ceo-in-management-reshuffle/) - The appointment will be formally approved at the company's shareholders’ general meeting in June 2026 and confirmed at a subsequent board meeting. - [Fitch maintains BRI Insurance’s rating despite sharp CoR rise in 2025](https://reinasia.com/fitch-maintains-bri-insurances-rating-despite-sharp-cor-rise-in-2025/) - The Indonesian general insurer's pivot toward shorter-duration product lines amid rising credit insurance claims underpin the stable rating outlook. - [‘Full‑on crisis’ possible in Asia’s private health insurance within two to three years, GAIP warns](https://reinasia.com/medical-cost-inflation-could-trigger-full-on-crisis-in-asia-private-health-insurance-sustainability-warns-gaip/) - Accelerating medical cost inflation, strained combined ratios, and rising protection gap demands urgent joint action from governments, regulators and insurers. - [HDFC Life to consider fundraise through preferential issue at 16 April board meeting](https://reinasia.com/hdfc-life-to-consider-fundraise-through-preferential-issue-at-16-april-board-meeting/) - The fundraise proposal from one of India's largest private life insurers comes ahead of full-year results, with the insurer's chief executive pointing to sustained momentum heading into FY2027. - [Indonesia's PT Taspen returns to profit in 2025 as Fitch affirms ‘AAA(idn)’ rating](https://reinasia.com/taspen-returns-to-profit-in-2025-as-fitch-affirms-aaaidn-rating/) - The insurer posted a net income of IDR1 trillion (approx. US$58.47m) in 2025, rebounding from a net loss of IDR62bn in 2024. - [Insurance Authority vows to ‘spare no effort’ in pushing for captives’ growth in Hong Kong](https://reinasia.com/insurance-authority-vows-to-spare-no-effort-in-pushing-for-captives-growth-in-hong-kong/) - The Insurance Authority approved its seventh captive insurer in March 2026, reflecting ongoing momentum in the sector. - [Coface appoints Darren Chan as country manager for Malaysia and head of Philippines](https://reinasia.com/coface-appoints-darren-chan-as-country-manager-for-malaysia-and-head-of-philippines/) - He joined the firm in 2016 and most recently served as head of commercial of Coface Japan. - [Cigna Healthcare names Michael Khan as chief executive officer of Hong Kong](https://reinasia.com/cigna-healthcare-names-michael-khan-as-chief-executive-officer-of-hong-kong/) - He spent over 12 years at Marsh, where he most recently led its health and benefits practice in Hong Kong. - [Prismic reinsures Daiichi Life whole life block in third Japan AIR deal of 2026](https://reinasia.com/prismic-reinsures-daiichi-life-whole-life-block-in-third-japan-air-deal-of-2026/) - The Bermuda-based platform will reinsure a yen-denominated block of whole life and annuity policies under its latest Japan agreement. - [Kris Boundy named general manager, reinsurance business, of Hannover Life Re of Australasia](https://reinasia.com/kris-boundy-named-general-manager-reinsurance-business-of-hannover-life-re-of-australasia/) - She joined the firm in 2021 and was most recently head of group pricing. - [Singapore, Australia show systemic risk progress, but IAIS flags liquidity disclosure gaps across markets](https://reinasia.com/singapore-australia-show-systemic-risk-progress-but-iais-flags-liquidity-disclosure-gaps-across-markets/) - The IAIS's multi-year assessment of 16 jurisdictions finds resolution tools underdeveloped and liquidity stress-testing requirements uneven, even as macroprudential supervision matures. - [VIG Re's Asia business contracts in 2025 as company posts near-record GWP](https://reinasia.com/vig-res-asia-business-contracts-in-2025-as-company-posts-near-record-gwp/) - Despite the weaker Asia performance, the reinsurer is eyeing expansion into China, India, and Southeast Asia under its new VIGRe28 strategy, as it prepares to open a Singapore office. - [China’s P&C insurers set for further underwriting gains as combined ratio improves: Moody's](https://reinasia.com/chinas-pc-insurers-set-for-further-underwriting-gains-as-combined-ratio-improves-moodys/) - Moody's stable outlook for China's P&C insurance sector reflects an industry where underwriting discipline is gaining ground, amid growing asset risk and accelerating market concentration. - [Pinnacle Underwriting taps Brendan McDonald to head expanded casualty and financial lines across APAC, MENA](https://reinasia.com/pinnacle-underwriting-taps-brendan-mcdonald-to-head-expanded-casualty-and-financial-lines-across-apac-mena/) - He moves after two years at Abu Dhabi Reinsurance Company Limited, most recently serving as head of liability and specialty lines. - [IRDAI forms sub‑committee to overhaul India’s private health insurance framework](https://reinasia.com/irdai-forms-subcommittee-to-overhaul-indias-private-health-insurance-framework/) - The development highlights ongoing regulatory efforts to address cost pressures and execution challenges in India’s rapidly growing private health insurance market. - [Policybazaar appoints Sajja Praveen Chowdary as CEO](https://reinasia.com/policybazaar-appoints-sajja-praveen-chowdary-as-ceo/) - Chowdary, a long-time Policybazaar executive, will take over as head of the insurtech after Tarun Mathur steps down citing personal commitments. - [India GI growth holds steady in February as aviation, health, and PA outperform](https://reinasia.com/india-gi-growth-holds-steady-in-february-as-aviation-health-and-pa-outperform/) - Aviation led gains as geopolitical tensions pushed up war-risk pricing, while personal accident and health helped offset weakness in fire and misc. - [India considers US$1.5bn reinsurance fund to support insurers amid Gulf tensions — report](https://reinasia.com/india-considers-us1-5bn-reinsurance-fund-to-support-insurers-amid-gulf-tensions-report/) - If approved, the proposal would represent a further insurance support measure as geopolitical risk continues to weigh on India’s market. - [IAIS appoints Gerry Cross as secretary general](https://reinasia.com/iais-appoints-gerry-cross-as-secretary-general/) - He currently serves as the director of capital markets and funds at the Central Bank of Ireland. - [Aon names Minhyuk Jung as head of South Korea desk for Global Broking Centre, commercial risks](https://reinasia.com/aon-names-minhyuk-jung-as-head-of-south-korea-desk-for-global-broking-centre-commercial-risks/) - He moves to the global broker after over 10 years at Hyundai Marine & Fire Insurance. - [ARPC cyclone pool claim payments top A$1bn](https://reinasia.com/arpc-cyclone-pool-claim-payments-top-a1bn/) - Payouts have been made across 20 declared cyclones, with a large share of total payments linked to claims from ex-Tropical Cyclone Alfred. - [LIC faces US$1.1bn tax demand for FY2024 as industry-wide disputes widen](https://reinasia.com/lic-faces-us1-1bn-tax-demand-for-fy2023-24/) - LIC has received its second major tax demand in days, as tax disputes against Indian insurers continue to mount. - [Aviso Specialty launches M&A practice, appoints Kane Sim as head](https://reinasia.com/aviso-specialty-launches-ma-practice-appoints-kane-sim-as-head/) - He joins from Marsh McLennan, most recently serving as head of M&A for Pacific. - [Zurich Singapore appoints Cheryn Wong as senior casualty underwriter](https://reinasia.com/zurich-singapore-appoints-cheryn-wong-as-senior-casualty-underwriter/) - She joins from Everest, where she worked as a casualty underwriter for over a year. - [APRA imposes Sovereign Insurance with A$2m capital add-on over risk failures](https://reinasia.com/apra-imposes-a2m-capital-add-on-on-sovereign-insurance-australia/) - The imposition takes effect on 8 April 2026 and will remain until the insurer has addressed the regulator's concerns. - [Talbot promotes Jiewei Pang to senior property underwriter, Russell Giam to political risk underwriter](https://reinasia.com/talbot-promotes-jiewei-pang-to-senior-property-underwriter-russell-giam-to-political-risk-underwriter/) - Pang has been with the company since 2022, while Giam joined last year. - [Markel opens Perth office with two senior underwriting hires](https://reinasia.com/markel-opens-perth-office-with-two-senior-underwriting-hires/) - Markel appoints Jerome Steyn and Pierre Dagnee to lead its underwriting presence in Perth as part of its national expansion. - [Turtlemint eyes US$71m raise in India public market debut](https://reinasia.com/turtlemint-eyes-raising-us71m-in-india-public-market-debut/) - Insurtech plans to fund its next phase of growth through heavier technology investment even as losses persist. - [Autonomous vehicles drive APAC insurers toward new liability era as robotaxis ramp up](https://reinasia.com/autonomous-vehicles-drive-apac-insurers-toward-new-liability-era-as-robotaxis-ramp-up/) - Robotaxis are giving commercial shape to APAC’s broader AV market, but insurers remain constrained by limited data, fragmented regulation, and unresolved liability questions. - [MSIG Singapore welcomes See Teck Yang as VP for corporate distribution](https://reinasia.com/msig-singapore-msig-singapore-welcomes-see-teck-yang-as-vp-for-corporate-distribution-see-teck-yang-as-vp-for-corporate-distribution/) - He brings over three decades of industry experience to his new role. - [Shapoorji Pallonji-backed general insurance venture clears first regulatory hurdle — report](https://reinasia.com/shapoorji-pallonji-backed-general-insurance-venture-clears-first-regulatory-hurdle-report/) - The preliminary approval moves the joint venture one step closer to entering India's general insurance sector. - [MSIG, Football Association of Singapore seal three-year pact to strengthen local football](https://reinasia.com/msig-football-association-of-singapore-seal-three-year-pact-to-strengthen-local-football/) - The general insurer is supporting youth development and national teams in a bid to boost long-term growth of the sport in the country. - [ICICI Prudential Life faces US$25.6m GST demand after appeal partially upheld](https://reinasia.com/icici-prudential-life-faces-us25-6m-gst-demand-after-appeal-partially-upheld/) - ICICI Prudential Life's appeal against a Maharashtra GST demand for FY2019 has yielded only partial relief, as the insurer's cumulative tax disputes continue to grow. - [Canara HSBC Life Insurance faces US$500k GST demand over input tax credit claims](https://reinasia.com/canara-hsbc-life-insurance-faces-us0-5m-gst-demand-over-input-tax-credit-claims/) - The demand, covering FY2020, is the latest in a series of GST disputes to emerge across India's life and general insurance players. - [NSW gov't forms select committee to probe emergency services levy model overhaul](https://reinasia.com/nsw-govt-forms-select-committee-to-probe-emergency-services-levy-model-overhaul/) - The panel, due to report by 18 November 2026, will assess funding design options for the only remaining mainland Australian state relying on an insurance-based levy. - [DB Insurance clears South Korean regulatory hurdle in Fortegra acquisition](https://reinasia.com/db-insurance-clears-south-korean-regulatory-hurdle-in-fortegra-acquisition/) - Planned US$1.65bn acquisition of U.S. specialty insurer Fortegra by DB Insurance still awaits approval from American regulators. - [Aon appoints Winnie Loh as real estate and data centre leader for Southeast Asia](https://reinasia.com/aon-appoints-winnie-loh-as-real-estate-and-data-centre-leader-for-southeast-asia/) - She joined the global broker in 2021 and is concurrently director within its commercial risk team. - [New China Life sees 57.4% new business value gain in 2025](https://reinasia.com/new-china-life-sees-57-4-new-business-value-gain-in-2025/) - The insurer's NBV reached 9.84bn yuan (US$1.43bn), with bancassurance contributing 5.27bn yuan to the final year-end figure. - [Fitch assigns Indonesia's Candi first-time national IFS rating of 'A-(idn)'](https://reinasia.com/fitch-assigns-indonesias-candi-first-time-national-ifs-rating-of-a-idn/) - Insurer, which commenced operations in 2020, holds an approximate 0.3% non-life market share, with a three-year average COR of 97%. - [Singapore reinsurance profits collapse in Q4 as incurred losses surge 98%](https://reinasia.com/singapore-reinsurance-profits-collapse-in-q4-as-incurred-losses-surge-98/) - Offshore reinsurance swung into a SG$2.9m loss, while smaller onshore operations remained profitable amid a 49% property premium surge. - [Life Insurance Association of Malaysia elects Pauline Teoh as president](https://reinasia.com/life-insurance-association-of-malaysia-elects-pauline-teoh-as-president/) - Manulife's Vibha Coburn was re-elected as vice president of LIAM at the association’s 52nd Annual General Meeting. - [CMB Wing Lung's revenue falls in 2025 but net combined ratio holds below 90% — AM Best](https://reinasia.com/cmb-wing-lungs-revenue-falls-in-2025-but-net-combined-ratio-holds-below-90-am-best/) - The Hong Kong non-life insurer's A (Excellent) rating and stable outlook remain intact as strong capitalisation and rising investment returns offset a soft, competitive market. - [SEADRIF eyes Philippines, regional infrastructure, and agri risk push in 2026](https://reinasia.com/seadrif-eyes-philippines-regional-infrastructure-and-agri-risk-push-in-2026/) - Regional risk pool prepares to launch Philippine parametric cover this year, while scaling ASEAN-wide pushes on infrastructure and agri protection - [Philippines' Insurance Commission fine and penalty collection jumps 86% to US$1.45m in 2025](https://reinasia.com/philippines-insurance-commission-fine-and-penalty-collection-jumps-86-to-us1-45m-in-2025/) - Premium collections and product sales topped PHP502bn as regulator steps up compliance enforcement. - [HDI Global Specialty promotes Richard Upton to New Zealand branch manager](https://reinasia.com/hdi-global-specialty-promotes-richard-upton-to-new-zealand-branch-manager/) - He joined the commercial and specialty insurer in 2024 as head of financial lines. - [Specialty lines 'shaped' by Middle East conflict at 1/4 renewals — Guy Carpenter](https://reinasia.com/specialty-lines-shaped-by-middle-east-conflict-at-1-4-renewals-guy-carpenter/) - Reinsurance rates fell across Asia at the 1 April 2026 renewal, with Japan and India leading price reductions. - [IRDAI retains LIC, New India Assurance, GIC Re as D-SIIs for FY 2025-26](https://reinasia.com/irdai-retains-lic-new-india-assurance-and-gic-re-as-d-siis-for-fy2025-26/) - The three insurers have been retained on the D-SII list after IRDAI’s latest annual assessment of systemic risk. - [DFC adds six new insurers to Gulf maritime facility, doubles capacity to US$40bn](https://reinasia.com/dfc-adds-six-new-insurers-to-gulf-maritime-facility-doubles-capacity-to-us40bn/) - Liberty, Berkshire, AIG, Starr, Travelers, and CNA join the facility, while Chubb retains its role as lead underwriter. - [Steadfast to buy Envest’s Resilium, PSC Connect AR networks, fold them into Ausure](https://reinasia.com/steadfast-to-buy-envests-resilium-psc-connect-ar-networks-for-ausure/) - The deal will see about 150 authorised representatives move from Envest to Steadfast’s Ausure network. - [Liberty GTS reshapes Asia-Pacific underwriting leadership team](https://reinasia.com/liberty-gts-reshapes-asia-pacific-underwriting-leadership-team/) - The run of new appointments is led by Keshaya Yap, who steps into the new role of Asia portfolio manager. - [Howden Re Hong Kong names Henry To as chairman](https://reinasia.com/howden-re-names-henry-to-as-chairman/) - To joins Howden Re after more than four decades in the reinsurance industry, with experience in both Hong Kong and China markets. - [APRA sets 1 July start for AILP in longevity product capital rules](https://reinasia.com/apra-finalises-capital-reforms-introduces-illiquidity-option-to-boost-retirement-outcomes/) - The regulator is maintaining the 45% floor for the advanced illiquidity premium risk allowance to ensure that settings remain aligned with risk levels. - [Liberty completes Asia-Pacific licence consolidation, simplifies branding in key markets](https://reinasia.com/liberty-completes-asia-pacific-licence-consolidation-simplifies-branding-in-key-markets/) - It will now use the “Liberty” brand in Singapore, Hong Kong and Australia, while existing brands remain in Malaysia, India and China. - [QBE Asia appoints Mandy Chan as head of operational power generation and ESG](https://reinasia.com/qbe-asia-appoints-mandy-chan-as-head-of-operational-power-generation-and-esg/) - Chan’s new role marks an expansion from her role as senior engineering underwriter. - [Hong Kong's Insurance Authority spotlights intermediary conduct as 2025 complaints climb 19.9%](https://reinasia.com/hong-kong-ia-spotlights-intermediary-conduct-as-2025-complaints-climb-19-9/) - The regulator received 1,173 complaints in 2025, up from 978 in 2024. - [AI data centre boom forcing global insurance reset as accumulation risks surge — Swiss Re Institute](https://reinasia.com/ai-data-centre-boom-forcing-global-insurance-reset-as-accumulation-risks-surge-swiss-re-institute/) - Hyperscaler capital spending is projected to exceed US$600bn in 2026, with about US$450bn (75%) directly tied to AI data centre infrastructure. - [LIA Singapore re-elects committee, rolls out Gen Z financial literacy programme](https://reinasia.com/lia-singapore-launches-gen-z-financial-literacy-workshops/) - AIA Singapore chief executive Wong Sze Keed will continue to lead the association committee as president. - [GIFT City (re)insurance premiums reach US$1.2bn in 2025](https://reinasia.com/gift-city-reinsurance-premiums-reach-us1-2bn-in-2025/) - Premium volumes written through GIFT City’s IFSC have grown more than eleven times over five years alongside a rise in the number of insurance offices. - [Bombay High Court grants stay on US$6.5m GST demand against ICICI Lombard](https://reinasia.com/bombay-high-court-grants-stay-on-us6-5m-gst-demand-against-icici-lombard/) - The interim relief for ICICI Lombard halting a 623.6m rupees GST demand comes just as sector-wide tax disputes continue to mount. - [ICA activates senior committee to manage Middle East conflict impacts on Australia's insurers](https://reinasia.com/ica-activates-senior-committee-to-manage-middle-east-conflict-impacts-on-australias-insurers/) - Committee will lead industry-wide coordination, support hardship assistance, and advise small businesses on policy coverage. - [J-ICS 'overly conservative' for Japan, but major insurers ready for new capital regime — Fitch](https://reinasia.com/j-ics-overly-conservative-for-japan-but-major-insurers-ready-for-new-capital-regime-fitch/) - Capital ratio for major insurers expected to remain 'sufficiently high', though subsidiaries of foreign insurers are likely to report lower numbers. - [Rokstone appoints Jackie Lan as marine underwriter](https://reinasia.com/rokstone-appoints-jackie-lan-as-marine-underwriter/) - She brings experience in marine hull and liability insurance across Asia and the Middle East. - [Repair costs, labour shortages to drive continued claims inflation for Australia’s property insurers in 2026 — Crawford](https://reinasia.com/repair-costs-labour-shortages-to-drive-continued-claims-inflation-for-australias-property-insurers-in-2026-crawford/) - While materials costs have stabilised, the “cost base” underneath repairs remains high. - [Aon Australia promotes Alexander Eakins as client director for cyber solutions](https://reinasia.com/aon-australia-promotes-alexander-eakins-as-client-director-for-cyber-solutions/) - He has been with the broker for two decades across Australia and the UK. - [ARPC CUO Michael Pennell to retire, search begins for successor](https://reinasia.com/arpc-cuo-michael-pennell-to-retire-search-begins-for-successor/) - He has been with the Australian Reinsurance Pool Corporation since 2003. - [Steamship Mutual names Eric Wu as managing director for Greater China](https://reinasia.com/steamship-mutual-names-eric-wu-as-managing-director-for-greater-china/) - He has been with the company for 16 years, most recently as director and head of underwriting, Eastern Syndicate. - [Steadfast’s Nicholas Cook elected vice president of World Federation of Insurance Intermediaries](https://reinasia.com/steadfasts-nicholas-cook-elected-vice-president-of-world-federation-of-insurance-intermediaries/) - Cook has held senior roles at Steadfast and Zurich over his 18-year insurance career. - [J.C. Flowers & Co. to take controlling stake in Niyam Group](https://reinasia.com/j-c-flowers-co-to-take-controlling-stake-in-niyam-group/) - PE firm is also a lead investor in Niyam’s newly approved Lloyd’s Syndicate 2047. - [Japan Post Insurance takes minority stake in KKR-backed Hoken Minaoshi Hompo](https://reinasia.com/japan-post-insurance-acquires-minority-stake-in-hoken-minaoshi-hompo/) - The move builds on KKR’s 2025 acquisition and marks a step in Japan Post Insurance’s broader diversification push. - [Clyde & Co expands Bangkok Office with three partners, 15 lawyers and staff](https://reinasia.com/clyde-co-expands-bangkok-office-with-three-partners-15-lawyers-and-staff/) - New partners bring expertise in insurance disputes, corporate M&A, and construction arbitration to support insurers and reinsurers. - [Aon names reinsurance veteran Jukgrid Treesuttamas as senior adviser for Thailand](https://reinasia.com/aon-names-reinsurance-veteran-jukgrid-treesuttamas-as-senior-adviser-for-thailand/) - He brings over 40 years of industry experience, with expertise spanning technical underwriting, broking, and advisory work. - [Nauru adopts first parametric policy](https://reinasia.com/nauru-adopts-first-parametric-policy/) - The PCRIC-supported drought policy is backed by New Zealand-funded climate finance programme. - [China's low-altitude economy has taken off and its insurers are writing the global underwriting playbook](https://reinasia.com/chinas-low-altitude-economy-lifts-off-and-its-insurers-are-writing-the-global-underwriting-playbook/) - China's market is heading toward half a trillion dollars by 2035, and insurers face the high-frequency challenge of flight safety, data security, and infrastructure risk—compounded by the threat of low-probability, high-severity events. - [Price Forbes Singapore taps Rajiv Ramakrishnan as head of A&H](https://reinasia.com/price-forbes-singapore-taps-rajiv-ramakrishnan-as-head-of-ah/) - He joins from Liberty to lead the broker's accident and health expansion across Southeast Asia and the wider APAC region. - [Australia passes law banning use of adverse genetic test results in life insurance](https://reinasia.com/australia-passes-law-banning-use-of-adverse-genetic-test-results-in-life-insurance/) - The reform seeks to reassure Australians that genetic testing will not affect their access to affordable life cover. - [Aon Hong Kong names Nathan Cheung as director and head of construction, power, and infrastructure](https://reinasia.com/aon-hong-kong-appoints-nathan-cheung-as-director-and-head-of-construction-power-and-infrastructure/) - He brings 25 years of specialised construction and engineering insurance experience to the role. - [Reinsurance capital hits new high, driving double-digit rate cuts in Asia-Pacific — Aon](https://reinasia.com/aon-posts-record-us785bn-reinsurance-capital-as-asia-pacific-drives-softer-1-april-renewals/) - Favourable catastrophe experience in Japan, South Korea and Thailand helped drive double‑digit rate reductions and stronger buyer leverage. - [April renewals deepen softening across APAC property as capacity stays ample — Gallagher Re](https://reinasia.com/april-renewals-deepen-softening-across-apac-property-as-capacity-stays-ample-gallagher-re/) - Japan’s loss-free property cat programmes fell 15% to 17.5% risk-adjusted, with double-digit declines reported in India, the Philippines, and South Korea. - [Manulife completes acquisition of Schroders Indonesia after OJK approval](https://reinasia.com/manulife-completes-acquisition-of-schroders-indonesia-after-ojk-approval/) - Following the approval, MAMI and SIMI will operate in parallel during a phased integration. - [Kamolrat Sukumamnuaychai returns to TQR to lead treaty business development](https://reinasia.com/kamolrat-sukumamnuaychai-returns-to-tqr-to-lead-treaty-business-development/) - She previously worked for the Thai reinsurance broker between 2017 and 2023 as deputy vice president. - [Prudential Singapore names new chief actuary and chief product officer](https://reinasia.com/prudential-singapore-names-new-chief-actuary-and-chief-product-officer/) - Jimmy Wang has been promoted to chief actuary, with Lee Jiat Liauw moving to the role of chief product officer. - [Australia’s home insurance gap widening amid surging premiums, rising risks — S&P](https://reinasia.com/australias-home-insurance-gap-widens-amid-surging-premiums-rising-risks/) - Ratings agency notes that more households are dropping or reducing cover as living costs and extreme weather drive affordability pressures. - [Howden welcomes Mani Tsang as head of claims for Hong Kong](https://reinasia.com/howden-welcomes-mani-tsang-as-head-of-claims-for-hong-kong/) - She joins from HDI Global, where she was claims manager. - [Howden names Andy Buddell as Asia COO](https://reinasia.com/howden-names-andy-buddell-as-asia-coo/) - He moves to the broker after seven years at AXA. - [China Re reports 1.1% premium growth but lower 2025 profit as life reinsurance declines](https://reinasia.com/china-re-reports-1-1-premium-growth-but-lower-2025-profit-as-life-reinsurance-declines/) - The firm’s audited net profit attributable to shareholders declined 7.4% to 9.77bn yuan under IFRS despite overall premium growth. - [Marsh names KT Koo as CEO of Marsh Korea](https://reinasia.com/marsh-names-kt-koo-as-ceo-of-marsh-korea/) - He rejoined the business in February 2021. - [Coface promotes Carmen Chow as head of commercial for Hong Kong](https://reinasia.com/coface-promotes-carmen-chow-as-head-of-commercial-for-hong-kong/) - Coface has appointed Carmen Chow as head of commercial for Hong Kong, effective 1 April 2026, the trade credit insurer announced in a media release on Wednesday. Chow has worked at Coface for five years and, prior to her promotion, served as head of account management, Japanese solutions for Asia-Pacific. Chris Murphy, chief executive and - [Soft market masks rising risks in Asia’s D&O sector](https://reinasia.com/soft-market-masks-rising-risks-in-asias-do-sector/) - Experts say that a correction may start to become apparent over the next 12 months. - [Aon expands Nick Chapman’s remit to marine risk engineering lead, Asia](https://reinasia.com/aon-expands-nick-chapmans-remit-to-lead-marine-risk-engineering-in-asia/) - Chapman will continue as head of cargo for Asia alongside his new responsibilities. - [PolicyStreet secures US$21m in Series C led by Japan's sovereign wealth fund](https://reinasia.com/policystreet-secures-us21m-in-series-c-led-by-japans-sovereign-wealth-fund/) - Insurtech plans to use the new funds to expand in Asia and strengthen its technology platform. - [Aon taps Nazirah Din Taouk as regional director for marine, Asia](https://reinasia.com/aon-taps-nazirah-din-taouk-as-asia-regional-director-for-marine/) - Taouk joins after six years with rival Marsh, bringing a legal background and extensive experience in marine claims and advocacy roles. - [1/4 renewals: Japan rates back to early 2020s levels, Middle East impact contained in specialty lines — Howden Re](https://reinasia.com/1-4-renewals-japan-rates-drop-to-early-2020s-levels-middle-east-impact-contained-in-specialty-lines-howden-re/) - Howden Re notes that mid-year renewals may face greater complexity as reinsurers review exposure and pricing in light of ongoing Middle East tensions. - [CTF Life promotes Betty Lee to chief product officer](https://reinasia.com/ctf-life-promotes-betty-lee-to-chief-product-officer/) - Lee rejoined the Hong Kong insurer in September 2024 as chief capital officer. - [Fusion Specialty names Stephen Fox as CFO](https://reinasia.com/fusion-specialty-names-stephen-fox-as-cfo/) - Seasoned CFO joins the transactional-lines focused MGA from Moneytech. - [Talcott Life Re expands AIR deal with Japan Post Insurance by US$625m](https://reinasia.com/talcott-life-re-expands-air-deal-with-japan-post-insurance-by-us625m/) - Expansion adds ¥100bn of in-force payout annuities to the original 2025 block transaction between the two firms. - [Aflac Re lands first external reinsurance transaction with Japan Post Insurance](https://reinasia.com/aflac-re-lands-first-external-reinsurance-transaction-with-japan-post-insurance/) - New asset-intensive reinsurance transaction follows prior internal deals with Aflac Life Insurance Japan. - [APRA grants general insurance licence to Europ Assistance Australia](https://reinasia.com/apra-grants-general-insurance-licence-to-europ-assistance-australia/) - The licence shifts Generali‑owned travel insurer from a distribution‑only model to a full‑fledged insurer in the Australian market. - [Singapore’s new IP rider rules may lower premiums but are no ‘silver bullet’ for medical inflation](https://reinasia.com/singapores-new-ip-rider-rules-may-lower-premiums-but-are-no-silver-bullet-for-medical-inflation/) - The new rules will trim IP rider prices by about 30% on average, but insurers still face mounting pressure to manage claims and risk‑pool shifts in a high‑inflation environment. - [Peak Re's gross written premiums rise 25% in 2025](https://reinasia.com/peak-res-gross-written-premiums-rise-25-in-2025/) - Reinsurer reported a net profit after tax of US$189.5m for 2025, according to unaudited results. - [MSIG Singapore names Kensuke Hirai as managing director](https://reinasia.com/msig-singapore-names-kensuke-hirai-as-managing-director/) - He takes over from Ken Unoki, who moves to the insurer's head office in Japan. - [QBE, Aurora unveil 'industry-first' lead algorithmic underwriting for specialty risks](https://reinasia.com/qbe-aurora-unveil-industry-first-lead-algorithmic-underwriting-for-specialty-risks/) - The AI-driven automation reduces quote-to-bind timelines to under 10 minutes and has debuted with QBE’s British Marine Yacht Protection & Indemnity (P&I) product. - [Indonesia motor insurance market to hit US$1.2bn by 2030 as EV segment grows – GlobalData](https://reinasia.com/indonesia-motor-insurance-premiums-projected-to-reach-idr20-5trn-by-2030-globaldata/) - Growth is also being supported by digital distribution, product innovation and underwriting discipline, despite pressure from rising vehicle prices, weaker purchasing power and weather-related losses. - [AXA Philippines appoints Johanna Janeo as chief commercial distribution and partnership officer](https://reinasia.com/axa-philippines-appoints-johanna-janeo-as-chief-commercial-distribution-and-partnership-officer/) - She has been with the company since 2024, most recently as chief employee benefits and partnerships officer. - [David Brumpton returns to Marsh as head of client services for Pacific](https://reinasia.com/david-brumpton-returns-to-marsh-as-head-of-client-services-for-pacific/) - He brings over four decades of expertise and experience working with clients across Asia and Australia. - [Specialty MGA taps Uwe Sievers to lead Japanese market growth](https://reinasia.com/specialty-mga-taps-uwe-sievers-to-lead-japanese-market-growth/) - Sievers joins Specialty MGA after nearly four decades at HDI, where he led the firm’s operations in Japan. - [MAS to classify investment-linked policies as complex products](https://reinasia.com/mas-to-classify-investment-linked-policies-as-complex-products/) - New requirements for ILP disclosures and enhanced oversight of claims handling are part of MAS’s broader review of life insurance conduct. - [IRDAI confirms 1 April Ind AS rollout for insurers](https://reinasia.com/irdai-mandates-ind-as-reporting-for-insurers-from-1-april-2026/) - All (re)insurers must conduct parallel reporting for two years, with one-year transition forbearance, according to the amended framework. - [Volante U-turns on India operations launch](https://reinasia.com/volante-u-turns-on-india-operations-launch/) - Following a strategic review of its global footprint, Volante has opted not to start operations in India. - [Gallagher buys Brisbane‑based International Insurance Brokers](https://reinasia.com/gallagher-buys-brisbanebased-international-insurance-brokers/) - The deal adds specialist expertise in property cover for non-profit organisations to Gallagher’s Australian operations. - [Japan and India buck regional slide as Asia-Pacific insurance dealmaking declines further in 2025](https://reinasia.com/japan-and-india-buck-regional-slide-as-asia-pacific-insurance-dealmaking-declines-further-in-2025/) - With only two $1bn-plus transactions all year, buyers shifted toward smaller, distribution-led plays and selective cross-border bets. - [Sanlam completes 14.72% stake acquisition in India's Shriram Life](https://reinasia.com/sanlam-completes-14-72-stake-acquisition-in-indias-shriram-life/) - The deal marks the South African group’s latest step to expand its footprint in India’s fast-growing insurance market. - [MSIG Hong Kong names Masanori Ishibashi as Deputy CEO](https://reinasia.com/msig-hong-kong-names-masanori-ishibashi-as-deputy-ceo/) - The appointment comes as Shujiro Suzuki moves to a new role within the group. - [AM Best affirms Sompo Japan's A+ rating, removes 'under review' status after Aspen acquisition](https://reinasia.com/sompo-japan-exits-ratings-review-after-aspen-deal-closes-am-best-affirms-a/) - AM Best cited Sompo Japan’s increased overseas revenue and profit share following the Aspen deal, while highlighting integration and risk management as key areas to watch. - [Allianz Jio targets 2026 launch for primary life and general insurance operations — report](https://reinasia.com/allianz-jio-targets-2026-launch-for-primary-life-and-general-insurance-operations-report/) - With reinsurance operations already approved, Allianz Jio is setting its sights on direct insurance underwriting. - [Delta New Zealand names Dinesh Murali as managing director](https://reinasia.com/delta-new-zealand-names-dinesh-murali-as-managing-director/) - He has been with the company since 2014, most recently as chief underwriting officer. - [Niyam Group secures GIFT City licence, names Sumit Aneja as principal officer](https://reinasia.com/niyam-group-secures-gift-city-licence-names-sumit-aneja-as-principal-officer/) - The approval makes the group the first Insurance Intermediary Office to offer Lloyd's capacity from the global financial hub. - [ICNZ calls for delivery on adaptation plans amid rising storm losses](https://reinasia.com/insurance-council-calls-for-delivery-on-adaptation-plans-amid-rising-storm-losses/) - Review says 71% of New Zealanders expect natural disasters to worsen, while 65% accept premiums may rise as weather losses and rebuilding costs increase. - [Cybercrime to cost US$14 trillion by 2028 as AI and geopolitics reshape threat landscape: Munich Re](https://reinasia.com/cybercrime-to-cost-us14-trillion-by-2028-as-ai-and-geopolitics-reshape-threat-landscape-munich-re/) - Nine in ten executives feel inadequately protected as Munich Re warns agentic AI will amplify attack frequency as the boundary between state-sponsored and criminal threat actors continues to blur. - [South Korea motor insurers post steepest underwriting loss since 2019 as combined ratio hits 103.7%](https://reinasia.com/south-korea-motor-insurers-post-steepest-underwriting-loss-since-2019-as-combined-ratio-hits-103-7/) - Motor insurers absorbed their worst underwriting result in six years as hospital treatment and vehicle repair cost inflation outpaced premium income. - [ICICI Prudential Life faces additional GST demand of US$19k from Rajasthan tax authority](https://reinasia.com/icici-prudential-life-faces-gst-demand-of-1-83m-rupees-from-rajasthan-tax-authority/) - The modest Rajasthan demand adds to a growing GST dispute position for ICICI Prudential Life, which faces total exposure of 9.84bn rupees following February's dismissed appeal. - [Krishnamoorthy Rao returns to Generali as CEO of India P&C Business](https://reinasia.com/krishnamoorthy-rao-returns-to-generali-as-ceo-of-india-pc-business/) - Rao returns to the group as MD and CEO of Generali Central Insurance, its property and casualty joint venture in India. - [Go Digit General Insurance receives US$51m tax demand over industry-wide disallowances](https://reinasia.com/go-digit-general-insurance-receives-us51m-tax-demand-over-industry-wide-disallowances/) - Indian insurers continue to face escalating tax scrutiny as Go Digit becomes the latest to receive a sizeable demand order, prompting plans for an appeal. - [PICC posts double‑digit profit growth in 2025 as P&C underwriting profit and Life VNB surge](https://reinasia.com/picc-posts-double-digit-profit-growth-as-life-new-business-and-pc-underwriting-surge/) - P&C underwriting profit surged 119.4%, while value of new business jumped 64.5%. - [Asia bears brunt of Hormuz disruption as closure drives specialty repricing — Howden Re](https://reinasia.com/hormuz-closure-reverberates-beyond-marine-war-risk-as-howden-re-flags-macro-transmission-channel/) - War-risk cancellations have pushed cover towards voyage-by-voyage placements and lifted some premiums to as much as 2%–3% of a vessel’s value. - [US maritime reinsurance programme for Hormuz shipping set to launch "soon", says US Treasury Secretary](https://reinasia.com/us-maritime-reinsurance-programme-for-hormuz-shipping-set-to-launch-bessent-says/) - Three weeks after the facility was first announced, US Treasury Secretary Scott Bessent expressed confidence that Gulf shipping traffic would recover. - [Insurers mobilise as Cyclone Narelle strengthens to category 4 ahead of expected WA landfall](https://reinasia.com/insurers-mobilise-as-cyclone-narelle-strengthens-to-category-4-ahead-of-expected-wa-landfall/) - The storm has already crossed Queensland and the Northern Territory, bringing widespread flooding and damage. - [Private insurers extend lead over public peers in India GI February results](https://reinasia.com/private-insurers-extend-lead-over-public-peers-in-india-gi-february-results/) - Premiums rose 9.7% year on year to ₹238.5bn, as private insurers largely posted double-digit growth while public-sector peers remained broadly flat. - [China Life's value of new business surges to US$6.61bn as net profit climbs 43.7% in 2025](https://reinasia.com/china-lifes-value-of-new-business-surges-to-45-75bn-yuan-as-net-profit-climbs-43-7-in-2025/) - The individual agent channel, which remains the primary driver of value creation, accounted for 85.9% of total VNB in 2025, contributing 39.3bn yuan, up 25.5% year on year. - [China moves to standardise clauses amid early-stage humanoid robot risks](https://reinasia.com/china-moves-to-standardise-clauses-amid-early-stage-humanoid-robot-risks/) - The move comes as underwriters grapple with fast technology iteration, scarce loss history and complex questions over fault allocation. - [Nan Shan General posts 90% combined ratio, above-industry premium growth average in 2025 — AM Best](https://reinasia.com/nan-shan-general-posts-90-0-combined-ratio-above-industry-premium-growth-average-in-2025-am-best/) - AM Best affirmed the Taiwan insurer's ratings, noting that its 37.2% expense ratio is the lowest level in five years - [APAC insurers brace for margin squeeze as energy shock, volatility intensify risks for Q2 2026 — S&P](https://reinasia.com/asia-pacific-insurers-brace-for-margin-squeeze-as-energy-shock-volatility-intensify-risks-for-q2-2026-sp/) - Middle East conflict-driven energy disruption could test insurers’ resilience across the region, though insurers hold sufficient capital to absorb near-term stresses. - [SEADRIF, AHA Centre ink pact to boost ASEAN disaster data and risk financing](https://reinasia.com/seadrif-aha-centre-ink-pact-to-boost-asean-disaster-data-and-risk-financing/) - The partnership aims to link disaster data with insurance solutions to enable faster and more predictable response funding across the region. - [Wai Har Soo named chief executive officer of Berjaya Sompo Insurance](https://reinasia.com/wai-har-soo-named-chief-executive-officer-of-berjaya-sompo-insurance/) - She joins from Generali Malaysia, where she was CEO. - [Suncorp CEO Steve Johnston takes temporary medical leave; CFO steps up in interim role](https://reinasia.com/suncorp-ceo-steve-johnston-takes-temporary-medical-leave-cfo-steps-up-in-interim-role/) - Group CFO Jeremy Robson will serve as acting CEO while Johnston recovers from a medical procedure. - [Delta names Dawson CUO, creates APAC property head role for Beaton](https://reinasia.com/delta-names-dawson-cuo-creates-apac-property-head-role-for-beaton/) - Promotions come amid other recent, key leadership appointments by the MGA. - [Survey flags misleading design practices on India's online insurance platforms](https://reinasia.com/rampant-dark-patterns-on-indias-online-insurance-platforms-flagged-to-irdai/) - LocalCircles is pressing IRDAI for mandatory intervention against "dark pattern" prevalence backed by survey data from over 87,000 consumers. - [China Taiping profit triples but Wang Fuk Court fire weighs on Hong Kong unit](https://reinasia.com/china-taiping-profit-triples-but-wang-fuk-court-fire-weighs-on-hong-kong-unit/) - Group life insurance and reinsurance segments posted strong growth, offsetting flat insurance revenue and losses in Hong Kong property and casualty operations. - [Ping An posts 29% NBV rise and improved COR to 96.8% in 2025](https://reinasia.com/ping-an-posts-29-nbv-rise-and-improved-cor-to-96-8-in-2025/) - China's largest insurer grew operating profit 10.3% and lifted shareholder equity above CNY1 trillion for the first time. - [Ocean Underwriting welcomes six new underwriters](https://reinasia.com/ocean-underwriting-welcomes-six-new-underwriters/) - The new property, financial lines, and liability underwriters are based in Sydney and Melbourne. - [Talbot adds Grace Yeap as property underwriter](https://reinasia.com/talbot-adds-grace-yeap-as-property-underwriter/) - Talbot strengthens its Singapore property practice with the addition of former AXA XL crisis management specialist. - [Taiwan life insurers stabilise under IFRS 17, but structural risks remain: S&P](https://reinasia.com/taiwan-life-insurers-stabilise-under-ifrs-17-but-structural-risks-remain-sp/) - Ratings agency flags ongoing FX exposure and higher funding needs ahead of new capital standards, with asset-intensive reinsurance yet to gain traction. - [LIC receives income tax demand of 71bn rupees for FY2022](https://reinasia.com/lic-receives-income-tax-demand-of-71bn-rupees-for-fy2022/) - The order is the largest in a series of income tax demands hitting India's life insurers, as the tax authority challenges the sector's treatment of reserves, fund losses, and exemption claims. - [Indian insurtech Plum raises US$20m in Series B round led by Peak XV Partners](https://reinasia.com/indian-insurtech-plum-raises-us20m-in-series-b-round-led-by-peak-xv-partners/) - Employee benefits startup gets funding support as it looks to accelerate expansion into preventive care and AI-driven operations. - [AI liability gap widens as insurers race to adapt, Gallagher Re warns](https://reinasia.com/ai-liability-gap-widens-as-insurers-race-to-adapt-gallagher-re-warns/) - Whitepaper finds there has been a tenfold surge in AI lawsuits and notes that traditional insurance often fails to cover key risks from AI errors, hallucinations, and systemic faults. - [Allianz Jio Re names Sonia Rawal as CEO](https://reinasia.com/allianz-jio-re-receives-approval-to-begin-reinsurance-operations-in-india-names-sonia-rawal-as-ceo/) - Allianz Group and Jio Financial Services Limited (JFSL) on Thursday named Sonia Rawal as chief executive officer of their newly launched reinsurance joint venture, Allianz Jio Re Limited. In a joint media release, the businesses also confirmed they had received regulatory approval to begin underwriting in the country, as previously reported by (Re)in Asia. The - [Indian insurers push back on IRDAI capital charge for state bonds – Report](https://reinasia.com/india-insurers-warn-irdai-state-bond-capital-proposal-could-lift-states-borrowing-costs-bloomberg/) - Insurers are also urging the regulator to treat state development loans as sovereign-equivalent in line with the Reserve Bank of India’s approach. - [Willis names Albert Andrew as FINEX leader for Southeast Asia](https://reinasia.com/willis-names-albert-andrew-as-finex-leader-for-southeast-asia/) - He has been with the broker since 2023. - [MSIG Asia takes equity stake in Ancileo to scale embedded travel cover across APAC](https://reinasia.com/msig-asia-takes-equity-stake-in-ancileo-to-scale-embedded-travel-cover-across-apac/) - The partnership aims to help airlines and online travel agencies roll out embedded cover across multiple markets with less structural complexity. - [Japan FSA plans tighter oversight on insurance sales conduct](https://reinasia.com/japan-fsa-plans-tighter-oversight-on-insurance-sales-conduct/) - The proposals would require agencies to set clearer standards for recommendations, give customers fuller explanations and strengthen internal oversight. - [Lloyd's secures GIFT City licence](https://reinasia.com/lloyds-secures-gift-city-licence/) - Market adds to the growing list of global (re)insurers, including Peak Re and PartnerRe, that have entered into the special economic zone in India. - [Munich Re Automation Solutions names Damion Howlett as VP of customer success, APAC](https://reinasia.com/munich-re-automation-solutions-names-damion-howlett-as-vice-president-of-customer-success-apac/) - Howlett brings experience from senior and transformation roles at businesses including Aflac, Manulife, AXA, and Tokio Marine. - [China's property insurance market forecast to grow 6.1% in 2026 as protection gap initiatives gain traction — GlobalData](https://reinasia.com/chinas-property-insurance-market-forecast-to-grow-6-1-in-2026-as-protection-gap-initiatives-gain-traction/) - China's property insurance market is poised for a five-year expansion, with Hong Kong's Wang Fuk Court fire sharpening focus on the home insurance protection gap that insurers are racing to close. - [ICICI Prudential Life and HDFC Life receive income tax orders over disputed tax treatment](https://reinasia.com/icici-prudential-life-and-hdfc-life-receive-income-tax-orders-over-disputed-tax-treatment/) - The orders add to a growing list of tax disputes facing Indian insurers, with both firms announcing their intention to contest the demands. - [Australia's Pinnacle Underwriting approved as Lloyd’s coverholder](https://reinasia.com/pinnacle-underwriting-now-a-lloyds-coverholder/) - The Sydney-based managing general agent and its affiliate were acquired by United Risk in June 2025. - [GIA Singapore elects new Management Committee with AIG CEO Scott Spaven as President](https://reinasia.com/gia-singapore-elects-new-management-committee-with-aig-ceo-scott-spaven-as-president/) - The 2026–2028 committee includes heads at AIG, Income, HDI, MSIG, Allianz, Great Eastern, Liberty Specialty, and QBE. - [Howden Re pitches broker-led secondary trading to make reinsurance risk more liquid](https://reinasia.com/howden-re-pitches-broker-led-secondary-trading-to-make-reinsurance-risk-more-liquid/) - Howden Re’s proposal includes a “many-to-many” liquidity pool for reinsurers and cedents to adjust allocations after renewals. - [Marsh names Marcus Piristi as Head of Energy for Pacific](https://reinasia.com/marsh-names-marcus-piristi-as-head-of-energy-for-pacific/) - Piristi brings nearly 13 years of Aon experience to the role as Marsh reorganises its Pacific energy and power practice. - [Iran says non-hostile ships may transit Hormuz under its oversight — report](https://reinasia.com/iran-says-non-hostile-ships-may-transit-hormuz-under-its-oversight-report/) - Iran's offer of conditional passage may ease the bottleneck in a limited sense for the 3,200 stranded vessels, but ships linked to the US, Israel, and countries deemed hostile to Tehran will remain blocked. - [Chubb names McGregor and Forman to lead property and casualty units within overseas division](https://reinasia.com/chubb-names-mcgregor-and-forman-to-lead-property-and-casualty-units-within-overseas-division/) - Chubb pairs an APAC property veteran with a seasoned casualty specialist to lead its overseas general division's middle market growth push. - [Insurance Authority’s capital reforms could boost Hong Kong’s reinsurance hub ambitions — AM Best](https://reinasia.com/insurance-authority-capital-reforms-seen-to-boost-hong-kongs-reinsurance-hub-ambitions-am-best/) - Ratings agency views the changes as credit positive for reducing catastrophe capital strain while improving diversification and capital efficiency. - [Korean Re undercuts global rivals on war-risk marine coverage rates amid Middle East conflict — report](https://reinasia.com/korean-re-undercuts-global-rivals-on-war-risk-marine-coverage-rates-amid-middle-east-conflict-report/) - The Asian reinsurer is capitalising on surging war-risk demand to reclaim ground lost to overseas competitors. - [NIBA backs NSW strata commissions review, flags risk in curbing broker remuneration](https://reinasia.com/niba-backs-nsw-strata-commissions-review-flags-risk-in-curbing-broker-remuneration/) - NIBA says stricter rules on broker commissions could limit access to independent insurance advice for strata communities. - [Aon promotes Anita Vivekananda to managing director of transaction solutions, APAC](https://reinasia.com/aon-promotes-anita-vivekananda-to-md-of-transaction-solutions-apac/) - She has been with the company since 2015, most recently serving as head of transaction solutions, AMATS Pacific. - [Liberty Specialty Markets officially launches fine art and specie insurance in Asia](https://reinasia.com/liberty-specialty-markets-launches-fine-art-and-specie-insurance-in-asia/) - The new offering targets growing demand for protection of high-value assets across the region. - [Bupa Global names Alison Massey as General Manager for Asia](https://reinasia.com/bupa-global-names-alison-massey-as-general-manager-for-asia/) - Massey brings more than two decades of experience to the role, having previously scaled Now Health International across nine markets and led customer innovation at HSBC. - [Etiqa, AIA Singapore sign distribution partnership for family takaful cover](https://reinasia.com/etiqa-aia-singapore-sign-distribution-deal-for-family-takaful-cover/) - The tie-up will also include community education and outreach aimed at improving understanding of Takaful and boosting financial literacy among underserved groups. - [India's Niyam Group receives Lloyd’s approval for Syndicate 2047; Srivastava announced as chairman](https://reinasia.com/indias-niyam-group-receives-lloyds-approval-for-syndicate-2047/) - The reinsurance group says the syndicate has received approval to commence underwriting from 1 April 2026. - [One in four Australian homes could be uninsured by 2050 due to extreme weather, economic risks, APRA warns](https://reinasia.com/one-in-four-australian-homes-could-be-uninsured-by-2050-due-to-extreme-weather-economic-risks-apra-warns/) - Regulator's stress test found that rising premiums may sharply widen the home insurance protection gap under severe climate scenarios. - [Aon Australia names Quinton Kotze as new head of cyber solutions](https://reinasia.com/aon-australia-names-quinton-kotze-as-new-head-of-cyber-solutions/) - He moves after almost 13 years at Chubb, where he was most recently digital domain lead and financial lines product manager for Asia. - [The Pacific Insurance taps Florence Chang as CEO](https://reinasia.com/the-pacific-insurance-taps-florence-chang-siow-mei-as-ceo/) - Chang joins the Fairfax-backed insurer from Zurich General Insurance Malaysia. - [Mosaic closes Singapore hub, shifts operations to Dubai](https://reinasia.com/mosaic-closes-singapore-hub-shifts-operations-to-dubai/) - Mosaic says it remains committed to the Asia-Pacific transactional liability market despite winding down its local Singapore presence. - [HDI Global posts higher revenue and profit in 2025 as APAC helps drive growth](https://reinasia.com/hdi-global-posts-higher-revenue-and-profit-in-2025-as-apac-help-drives-growth/) - Commercial and specialty insurer saw global insurance revenue climb to EUR10.3bn (approx. US$11.93bn) with a COR of 90.3% - [China non-life premiums reach US$254bn in 2025 as A&H grows, insured exposure expands](https://reinasia.com/china-non-life-premiums-reach-1-76t-in-2025-as-ah-grows-insured-exposure-expands/) - Premiums increased 3.9% year on year, driven by double-digit growth in accident and health lines, while insured exposure climbed 12%. - [JBA Risk upgrades flood modelling with climate scenarios and improved hazard mapping](https://reinasia.com/jba-risk-upgrades-flood-modelling-with-climate-scenarios-and-improved-hazard-mapping/) - The updated model covers 17 countries including six APAC markets to help insurers and reinsurers stress test evolving flood risk. - [Peak Re names Victor Kuk as next CEO; Franz-Josef Hahn to step down in April 2026](https://reinasia.com/peak-re-names-victor-kuk-as-next-ceo-in-planned-leadership-transition/) - Current CEO and co-founder Hahn will move into the role of special advisor until 9 October 2026. - [Gallagher Re taps Fabienne Marsoner as APAC fac casualty broker](https://reinasia.com/gallagher-re-taps-fabienne-marsoner-as-apac-fac-casualty-broker/) - She moves to the reinsurance broker from rival Marsh. - [Howden New Zealand appoints Mark Kenyon as partner ](https://reinasia.com/howden-new-zealand-appoints-mark-kenyon-as-partner/) - Kenyon is the broker's latest recruit from Aon, where he worked for over nine years, most recently as regional manager. - [Ping An weighs trimming US exposure as Middle East conflict drives market volatility — report](https://reinasia.com/ping-an-weighs-trimming-us-exposure-as-middle-east-conflict-drives-market-volatility-report/) - Ping An's offshore arm CEO points to China as an attractive alternative as geopolitical uncertainty prompts rethink on the US investment strategy. - [Starr completes IQUW group acquisition](https://reinasia.com/starr-completes-iquw-acquisition/) - The group will combine IQUW Re Bermuda and IQUW’s London reinsurance business under Starr Re. - [Markel launches W&I offering in APAC with underwriting hires in Hong Kong and India](https://reinasia.com/markel-launches-wi-offering-in-apac-with-new-underwriting-hires-in-hong-kong-and-india/) - Specialty insurer has named Siddick Khan in Hong Kong and Shubhi Nigam in Mumbai to support its expansion in key APAC markets. - [Chubb named lead underwriter for DFC's US$20bn Gulf marine reinsurance facility](https://reinasia.com/chubb-named-lead-underwriter-for-dfcs-us20bn-gulf-marine-reinsurance-facility/) - Chubb's selection marks a key operational step, but fresh attacks on vessels leave lingering questions over the facility's ability to restore near-normal shipping flows. - [Vietnam’s non-life premiums to top US$5.2bn by 2030 — GlobalData](https://reinasia.com/vietnams-non-life-premiums-to-top-us5-2bn-by-2030-globaldata/) - Structural regulatory reforms and rising catastrophe risks are expected to drive a 9.9% annual growth rate over the next four years. - [Fitch upgrades ClearView Life Assurance’s rating to ‘A-’, ClearView Wealth Limited to ‘BBB+’](https://reinasia.com/fitch-upgrades-clearview-life-assurances-rating-to-a-clearview-wealth-limited-to-bbb/) - The ratings agency has maintained a positive watch on ClearView following a strategic business simplification and the announcement of a planned A$415m acquisition by Zurich. - [Financial lines MGA Frontier Global renews partnership with Travelers in rare three-year deal](https://reinasia.com/financial-lines-mga-frontier-global-renews-partnership-with-travelers-in-rare-three-year-deal/) - The longer renewal term aims to offer stable capacity for complex financial lines amid ongoing market volatility. - [Lockton bolsters Pacific leadership with growth and market strategy appointments](https://reinasia.com/lockton-bolsters-pacific-leadership-with-growth-and-market-strategy-appointments/) - Glenn Preece has been named as Pacific Growth Leader and Sare Ozkara as Head of Market Strategy. - [Berkshire Hathaway’s reinsurance arm to acquire 2.49% stake in Tokio Marine as part of new strategic partnership](https://reinasia.com/berkshire-hathaways-reinsurance-arm-to-acquire-2-49-stake-in-tokio-marine-as-part-of-new-strategic-partnership/) - NICO will join TMHD’s reinsurance panel and take part in a whole account quota share. ## Pages - [Home](https://reinasia.com/) - (Re)in Asia delivers trusted, independent journalism that help insurance professionals stay informed, save time, and make better decisions. - [Asia Insurance Awards](https://reinasia.com/asia-insurance-awards/) - Organised by (Re)in AsiaTwo awards.One trusted standard.Two independent programmes celebrating excellence across Asia's insurance industry. 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[Autonomous vehicles](https://reinasia.com/category/lines/motor/autonomous-vehicles/) - [FDI](https://reinasia.com/category/topics/fdi/) - [Joint ventures](https://reinasia.com/category/topics/joint-ventures/) - [Multinational programmes](https://reinasia.com/category/lines/multinational-programmes/) - [Life science](https://reinasia.com/category/lines/life-science/) - [Editorially-led partner content](https://reinasia.com/category/content-type/editorially-led-partner-content/) - [War](https://reinasia.com/category/lines/war/) - [Terrorism](https://reinasia.com/category/terrorism/) - [Sustainability-linked insurance](https://reinasia.com/category/lines/sustainability-linked-insurance/) - [Retrocession](https://reinasia.com/category/insurancetype/reinsurance/retrocession/) - [Industrial all-risk](https://reinasia.com/category/lines/property/commercial-property/industrial-all-risk/) - [Natural Resources](https://reinasia.com/category/lines/natural-resources/) - [Indexed Universal Life](https://reinasia.com/category/lines/life/indexed-universal-life/) - [Low-altitude Aviation](https://reinasia.com/category/lines/low-altitude-aviation/) - [Structured solutions](https://reinasia.com/category/topics/capital-management/structured-solutions/) - [Economic losses](https://reinasia.com/category/topics/claims-and-losses/economic-losses/) - [Reinsurance sidecar](https://reinasia.com/category/topics/capital-management/reinsurance-sidecar/) - [SIRC 2025](https://reinasia.com/category/content-type/industry-events/sirc-2025/) - [Data centres](https://reinasia.com/category/topics/data-centres/) - [Tariffs](https://reinasia.com/category/topics/tariffs/) - [Mining](https://reinasia.com/category/lines/mining/) - [Claims](https://reinasia.com/category/topics/claims/) - [War & terrorism](https://reinasia.com/category/lines/political-violence/war-terrorism/) - [GLP-1](https://reinasia.com/category/topics/glp-1/) - [Agency](https://reinasia.com/category/topics/agency/) - [Superannuation](https://reinasia.com/category/lines/superannuation/) - [Humanoid Robots](https://reinasia.com/category/topics/humanoid-robots/) - [Ride-hailing](https://reinasia.com/category/lines/motor/ride-hailing/) - [Run-off](https://reinasia.com/category/topics/run-off/) - [Co-payment](https://reinasia.com/category/topics/co-payment/) - [AI risks](https://reinasia.com/category/lines/ai-risks/) - [Rebranding](https://reinasia.com/category/rebranding/) - [Rebranding](https://reinasia.com/category/topics/strategy/rebranding-strategy/) - [Insurance asset management](https://reinasia.com/category/lines/insurance-asset-management/) - [Pecuniary](https://reinasia.com/category/lines/pecuniary/) - [Pandemic](https://reinasia.com/category/lines/accident-and-health/pandemic/) - [Legal expenses](https://reinasia.com/category/lines/legal-expenses/) - [Biometrics](https://reinasia.com/category/topics/biometrics/) - [Media](https://reinasia.com/category/lines/media/) - [Export credit](https://reinasia.com/category/lines/export-credit/) - [Mutual](https://reinasia.com/category/insurancetype/mutual/) - [Environmental](https://reinasia.com/category/lines/environmental/) - 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[Performance assignment](https://reinasia.com/category/content-type/ratings/performance-assesment/performance-assignment/) - [Mortgage insurance](https://reinasia.com/category/lines/mortgage-insurance-lines/) - [Shadow fleet](https://reinasia.com/category/lines/marine-cargo/shadow-fleet/) - [Health](https://reinasia.com/category/lines/health/) - [Authorised Representative](https://reinasia.com/category/insurancetype/authorised-representative/)