Country: East Asia Page 9 / 215
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- March 26 2025
Japan P&I Club overall tonnage falls 3% during 2025 renewal
The club had announced a 7% premium hike in 2025 for owners’ and charterers’ entries.
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- March 26 2025
Any port in a storm: Trump’s US port fee threat rocks the boat, but what does it mean for insurers?
Proposed US$1.5m levy per port call for ships with Chinese ties adds a layer of complexity for shipowners, charterers, and cargo interests.
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- March 25 2025
Generali completes acquisition of China P&C business
The Italian insurer has received all regulatory approvals to take full ownership of the mainland P&C business
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- March 25 2025
South Korea’s P&C insurers’ net income up 3.1% to US$5.8bn in 2024
Insurance income marginally down by 1% to US$5.6bn due to higher loss ratios for motor insurance, according to preliminary statistics from the Financial Supervisory Service.
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- March 25 2025
Taiping Re’s FY24 service results double to US$75m, COR improves to 92.7%
Hong Kong-based reinsurer’s total premium for the last financial year decreased by 5.1% to US$2bn.
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- March 25 2025
FSA issues business improvement orders to Japanese non-life insurers over information leaks
Regulator says 2.7m sets of information on rivals' clients were leaked by employees on loan to multi-client insurance agencies.
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- March 25 2025
Wongi Kim to succeed Andy Ryoo as Allianz Trade’s South Korea country manager
Ryoo, who has worked at the trade insurer for 22 years, is retiring.
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- March 25 2025
Ready for kick off: insurers eye their time in the spotlight as Hong Kong’s Kai Tak opens its doors
As city gears up for rugby Sevens and Coldplay at its new venue, event insurance in Asia Pacific could finally be on the cusp of reaching pre-Covid levels.
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- March 25 2025
Chinese insurers could benefit from DeepSeek, albeit with risks: AM Best
Several smaller insurers might be able to bring down their operating costs due to DeepSeek’s lower cost and operational features.
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- March 24 2025
Korean insurers chalk out overseas expansion plans as domestic growth stalls: report
Samsung Fire & Marine and Hyundai Marine & Fire are eyeing acquisitions and investements to grow their international footprint.
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- March 24 2025
WTW taps Ryan Transactional Risk’s Reuben Lee as associate director for broking, regional M&A
Lee had joined as senior underwriter in October following Ryan's acquisition of Transact Risk Partners.
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- March 24 2025
Hong Kong’s FuSure secures long-term insurance authorisation, upgrades to composite licence
Tencent-owned insurer plans to expand into diversified product lines and explore other international markets.
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- March 24 2025
China’s Allianz Jingdong earnings to improve gradually over the next two years: Fitch
The rating agency has affirmed the carrier’s insurer financial strength rating of 'A-' (Strong) with a stable outlook on better financial performance, low risky-assets ratio and “moderate” company profile.
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- March 24 2025
Taiyo Life seals US$4bn annuity reinsurance deal with Fortitude Re
Japanese life insurer will continue to service and administer the reinsured whole life annuity policies.
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- March 21 2025
Aon appoints Esther Kim as treaty director
Based in Singapore, she will report to Katy Fairweather, head of global reinsurance clients for Asia, having joined the Korea and regional team.
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- March 20 2025
ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9%
Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.
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- March 20 2025
Regulators approve Samsung Fire & Marine’s transition to subsidiary of Samsung Life
Non-life carrier will maintain independent management and have a separate board of directors.
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- March 20 2025
Marsh names Brandon Lam as vice president for claims advocacy in Hong Kong
Prior to joining the broker, he worked at Zurich and QBE, holding several claims positions across different lines.
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- March 20 2025
Exclusive: Flora Fong to rejoin Marsh after short Howden stint
Hong Kong-based Fong had joined Howden last July having worked at Marsh for over 14 years.
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- March 19 2025
Ping An’s P&C FY24 net profit up 68% to US$2bn, COR improves to 98.1%
Chinese carrier’s insurance revenue rose by 4.7% year-on-year to US$45.4bn.
