Country: East Asia Page 3 / 215
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- June 11 2025
South Korea slashes recommended CAR for insurers to 130%: report
Financial Services Commission will remove requirements related to net loss and insurance operating loss from the conditions for reversing emergency risk reserves.
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- June 11 2025
Samsung Fire & Marine to buy additional 21% stake in Canopius
Transaction will increase the Korean insurer's total share to 40%.
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- June 10 2025
Exclusive: Markel appoints Axa’s Chelsea Jiang as greater China CEO
Jiang was most recently the chief technical and innovation officer for general insurance in greater China at Axa Hong Kong and Macau.
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- June 9 2025
Former CCB manager faces bribery charge in Hong Kong over US$470,000 from Vesttoo employee
The new charge by the Independent Commission Against Corruption alleges that the relationship manager at China Construction Bank accepted cryptocurrency Tether from the insurtech employee, a middleman, and others in exchange for authenticating false letters of credit and collateral letters.
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- June 9 2025
Japan’s Mitsui Sumitomo Insurance domestic operations performance to remain stable: AM Best
The rating agency has affirmed financial strength rating of A+ (Superior) and long-term issuer credit rating of “aa” (Superior) to MSI.
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- June 9 2025
Manulife unit to re-domicile to Hong Kong from Bermuda in November
Second insurer after Axa to shift its base under Hong Kong's new company re-domiciliation regime.
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- June 9 2025
Miller expands in Korea as Marsh’s Justin Roh takes on senior vice president role
Seoul-based Roh brings over two decades of marine insurance and legal expertise to support Miller’s Asia expansion strategy.
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- June 6 2025
Tokio Marine at ‘tipping point’ as it prepares to turn the page on its ambitious transformation plan
CEO Satoru Komiya says the group is eyeing growth from its domestic P&C business via a Japanese-style specialty insurance with low and stable CORs, mainly in the SME market.
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- June 5 2025
RGA concludes block reinsurance policies for Tokio Marine’s life arm
Reinsurance of whole life policies with Anshin Life follows a US$700m reinsurance block transaction completed in 2024.
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- June 5 2025
Resolution Life closes US$1bn Hong Kong block reinsurance deal
The first deal for the reinsurer in Hong Kong covers an in-force portfolio of participating whole life and annuity policies.
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- June 5 2025
US port fees present ‘significant challenges’, says Skuld, as owners, charterers eye calm waters
China service fees are generating confusion in the maritime industry, particularly regarding the definition of vessel operators and the responsibilities of various parties involved in charter agreements, according to the P&I club.
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- June 4 2025
South Korean non-life insurers face capital pressure as liabilities rise: AM Best
Long-term insurance premium growth may face headwinds from macroeconomic uncertainties, while intensified competition could undermine sustainable growth as the market becomes saturated.
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- June 2 2025
Bolttech Insurance Hong Kong ratings affirmed despite fluctuating financial performance: Fitch
The general insurer's net income declined to US$255,000 in 2024 from about US$4m million a year earlier.
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- May 30 2025
Howden bolsters Asia marine practice with Markel hire
Zita Fok joins the broker in Hong Kong as divisional director for marine, cargo and logistics.
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- May 29 2025
Exclusive: Swiss Re CorSo reshuffles APAC leadership as China CEO, Southeast Asia head depart
China CEO Jeffrey Pan will depart by the end of the year, while Singapore-based Didier Bélot will leave the company by the end of August.
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- May 29 2025
Berkley Insurance Asia hires AIG’s Vivian Chow as commercial PI lead
Chow will join the specialty (re)insurer in Hong Kong, as first reported by IAN, and will manage a newly established commercial professional liability practice.
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- May 28 2025
Tokio Marine sets up green unit amid push for decarbonised society
Tokio Marine GX will build on the existing work of GCube, Tokio Marine's renewable energy-focused MGA.
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- May 28 2025
Peak Re expands to North America with Bermuda subsidiary led by Gene Zhang
With a focus on underwriting casualty reinsurance, Peak Re North America 'is a significant step in our group’s global growth strategy', group CEO Franz-Josef Hahn says.
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- May 28 2025
Gallagher Re taps Aon Re’s Chulmin Jang as Korea CEO
Jang succeeds Phil Won Jeong, who will become chairman of Gallagher Korea.
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- May 28 2025
With Australia, India and China inundated by record floods, voices swell to rewrite the nat cat lexicon
Floods in Australia have been widely described as a one-in-500-year event, but such categorisations are now being seen as harmful to the insurance industry.
