Property & Casualty Archives - InsuranceAsia News https://insuranceasianews.com/industry_segments/property-casualty/ Sun, 04 Jan 2026 06:13:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Strong capacity, growth appetite drive favourable 1.1 renewals outcomes: Howden https://insuranceasianews.com/strong-capacity-growth-appetite-drive-favourable-1-1-renewals-outcomes-howden/ Fri, 02 Jan 2026 12:04:48 +0000 https://insuranceasianews.com/?p=207905 APAC's risk-adjusted pricing for loss-free XoL programs generally falls by 10-20%.

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Property-catastrophe rates in Asia Pacific saw significant reductions at the January 1 renewals, with risk-adjusted pricing for loss-free excess of loss programs generally falling by 10-20% on average...

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]]> APAC non-life insurers to remain stable in 2026 as capital strength offsets regulatory, catastrophe pressures: Fitch https://insuranceasianews.com/apac-non-life-insurers-to-remain-stable-in-2026-as-capital-strength-offsets-regulatory-catastrophe-pressures-fitch/ Thu, 04 Dec 2025 06:22:06 +0000 https://insuranceasianews.com/?p=206072 Stable margins and strong solvency expected, Fitch says, with disciplined pricing and steady reinsurance support underpinning a neutral outlook.

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Non-life insurers in Asia Pacific are expected to maintain a resilient performance in 2026, supported by stable operating margins and strong solvency buffers, although evolving capital reg...

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The post APAC non-life insurers to remain stable in 2026 as capital strength offsets regulatory, catastrophe pressures: Fitch appeared first on InsuranceAsia News.

]]> Australia’s Northern Territory counts the cost of Tropical Cyclone Fina https://insuranceasianews.com/northern-territory-assesses-damage-from-tropical-cyclone-fina/ Sun, 23 Nov 2025 16:00:27 +0000 https://insuranceasianews.com/?p=205198 Tropical Cyclone Fina passed near Darwin offshore on Saturday night, causing high winds and heavy rainfall and leaving thousands of residents in the region without power.

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Thousands of residents in Australia’s Northern Territory were left without power this weekend after Tropical Cyclone Fina passed through the region surrounding Darwin on Saturday night.
According to t...

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]]> Sompo P&C’s adjusted profit rises 50% to US$1.5bn https://insuranceasianews.com/sompo-pcs-adjusted-profit-rises-50-to-us1-5bn/ Wed, 19 Nov 2025 09:56:50 +0000 https://insuranceasianews.com/?p=204895 Improved performance mainly driven by lower nat cat costs and profit improvement in domestic P&C.

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Adjusted consolidated profit of Sompo P&C for the first half of the financial year rose 50% to JPY226.6 billion (US$1.5 billion) in the mentioned period, mainly due to lower nat cat losses and pro...

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The post Sompo P&C’s adjusted profit rises 50% to US$1.5bn appeared first on InsuranceAsia News.

]]> Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports https://insuranceasianews.com/hanwha-on-the-hook-as-lead-insurer-for-e-lands-south-korea-warehouse-fire-reports/ Mon, 17 Nov 2025 10:28:57 +0000 https://insuranceasianews.com/?p=204713 Hyundai Marine & Fire Insurance, DB Insurance, KB Insurance, and Heungkuk Fire & Marine Insurance are other co-insurers of the building, with total policy limits of around US$261m.

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Hanwha General Insurance is the lead insurer of E-Land Fashion’s logistics centre in South Korea, which was destroyed after a massive fire on Saturday, according to local media.
Hyundai Marine & F...

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The post Hanwha on the hook as lead insurer for E-Land’s South Korea warehouse fire: reports appeared first on InsuranceAsia News.

]]> GIC Re trims H1 FY26 underwriting loss by 45.5% to US$1.46bn, COR down to 107.7%. https://insuranceasianews.com/gic-re-pares-h1-fy26-underwriting-loss-by-45-5-to-us1-46bn-cor-down-to-107-7/ Sun, 16 Nov 2025 22:59:57 +0000 https://insuranceasianews.com/?p=204651 State-owned reinsurer's GWP was up by 5.6% in the first half, and it plans to expand its Lloyd's syndicate in pursuit of a larger share of international business.

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Indian state-owned reinsurer GIC Re has narrowed its underwriting loss by 45.5% in H1 FY2026 to INR12.95 billion (US$1.46 billion) from INR23.77 billion a year earlier.
The reinsurer’s combined ratio ...

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The post GIC Re trims H1 FY26 underwriting loss by 45.5% to US$1.46bn, COR down to 107.7%. appeared first on InsuranceAsia News.

]]> Cat bond issuance boom will roll into 2026: Moody’s https://insuranceasianews.com/cat-bond-issuance-boom-will-roll-into-2026-moodys/ Thu, 04 Sep 2025 10:00:45 +0000 https://insuranceasianews.com/?p=199274 Global cat bond issuance to top US$20bn in 2025 and is 'expected to persist' into next year.

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Moody’s expects booming catastrophe bond issuance to continue into 2026 after record volumes this year.
In a report on Thursday, Moody’s said that the record-breaking run of catastrophe bond issuance ...

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]]> MG Non-Life’s bridge insurer starts operations https://insuranceasianews.com/mg-non-lifes-bridge-insurer-starts-operations/ Thu, 04 Sep 2025 04:11:34 +0000 https://insuranceasianews.com/?p=199193 South Korean regulator transfers all insurance contracts and assets to Yebyeol Non-Life Insurance and all MG Non-Life Insurance operations have been suspended.

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South Korea’s Financial Services Commission (FSC) has transferred all of the insurance contracts and assets from MG Non-Life Insurance to Yebyeol Non-Life Insurance, the bridge insurer established ami...

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]]> Peak Re reports 25.1% GWP growth to US$1bn H1 FY25 https://insuranceasianews.com/peak-re-reports-25-1-gwp-growth-to-us1bn-h1-fy24/ Thu, 28 Aug 2025 05:00:06 +0000 https://insuranceasianews.com/?p=198505 Reinsurer's revenue also grew by 36.8% to US$661 million compared to the first half of 2024, according to a stock exchange filing by parent company Fosun International.

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Hong Kong-based reinsurer Peak Re reported US$1.06 billion in GWP in the six months of 2025, reflecting a year-on-year increase of 25.1%, according to a stock exchange filing by parent company Fosun I...

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]]> MG Non-Life’s bridge insurer set for launch as labour union agrees to 55% employee retention: report https://insuranceasianews.com/mg-non-lifes-bridge-insurer-set-for-launch-as-labour-union-agrees-to-55-employee-retention-report/ Thu, 21 Aug 2025 09:38:39 +0000 https://insuranceasianews.com/?p=198062 Yebyeol Non-life, the temporary insurer set up to manage the troubled carrier's insurance contracts, is likely to be launched next month following an agreement with the labour union.

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Yebyeol Non-Life Insurance, the bridge insurer formed to protect the policyholders of insolvent MG Non-Life Insurance, is set for launch next month after the financial authorities and the labour union...

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