The deal, expected to close in the coming days, will see Japanese insurer leverage Aspen’s Lloyd’s syndicate and capital markets platform to boost its international growth strategy.
Korea led the region’s softening with a 17% composite rate drop, while Taiwan and Hong Kong SAR also posted double-digit declines, according to Marsh data.
Investment-linked products (ILPs) surge almost 28% as investors favour regular-premium plans and HNW solutions, while IP premiums surge before 2026 rider reset.
Reinsurance broker plans to deepen its engineering and specialty lines, expand structured solutions, and launch an industry-first life product in India.
Nearly one in three reported claims remained pending at the end of FY2025, with standalone health insurers outperforming general insurers on claim settlement ratios and speed.
The company's minimum 90 day voluntary suspension of new sales begins on 9 February, as the insurer moves to implement governance and sales-practice reforms.
