Industry Segments: Insurers Page 9 / 23
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- October 1 2025
MS&AD to rebrand as Mitsui Sumitomo Insurance Group after merger of domestic P&C arms
The group will rename the combined domestic non-life insurance businesses as Mitsui Sumitomo Aioi Insurance from April 2027.
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- October 1 2025
Brookfield closes first reinsurance deal in Japan
The flow deal allows Dai-ichi Frontier Life to reinsure liabilities to American National Insurance Company starting October.
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- September 29 2025
Sony’s financial services arm closes up 16% after rare direct listing
Financial services arm of the Japanese conglomerate includes life insurer Sony Life and property and casualty carrier Sony Assurance, as well as Sony Bank.
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- September 28 2025
Nova drives 24% FY25 growth amidst China expansion
Hong Kong-listed FSE Lifestyle Services’ insurance arms posted a 23.9% jump in revenue for FY25, powered by new placements and growth by Beijing Nova.
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- September 26 2025
Everest taps Simon Lim to lead APAC multinational network strategy
Lim, who joins the firm following a long tenure at AIG, will support the expansion of multinational capabilities across the region.
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- September 26 2025
Tower replaces IAG as Westpac New Zealand’s underwriter
Tower will underwrite Westpac’s house, contents, car and vehicle insurance products for an initial term of five years starting from July 1, 2026.
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- September 26 2025
DB Insurance clinches US$1.65bn deal for US specialty carrier Fortegra
The Korean insurer will acquire a 100% of the Warburg Pincus-backed Tiptree subsidiary.
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- September 25 2025
IAG’s RAC Insurance acquisition faces member disquiet, club’s CEO claims deal is ‘best path forward’: report
The deal being scrutinised by ACCC, which said it can potentially weaken competition in the supply of motor and home and contents products in Western Australia.
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- September 25 2025
New Zealand’s Ando elevates Therese Singleton as CEO, succeeding John Lyon
The Envest-backed insurer also promoted Timothy Riding to the executive team as head of portfolio and underwriting.
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- September 24 2025
Nepal’s ‘Gen Z riot’ losses impose financial strain on (re)insurers: AM Best
Outsized proportion of losses, reported to be over US$177m, could impact earnings and capital of the market, which has a combined GWP of US$317m.
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- September 23 2025
Super Typhoon Ragasa: Hong Kong insurance industry braces for world’s strongest storm in 2025
Tens of millions of people could be impacted as the storm passes south of the major centres of Hong Kong, Macau, Shenzhen and Guangzhou.
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- September 23 2025
Everest Re launches in India, opens Gift City office
Everest Re joins the growing list of reinsurers opening offices in India's special economic zone.
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- September 23 2025
Australian regulator sues RACQ over misleading renewal comparison pricing
Australian Securities and Investments Commission has alleged that the IAG-owned carrier inflated 'last period premium' in more than 570,000 renewal documents sent to customers between September 2019 and December 2024.
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- September 23 2025
Cat bond momentum building in underrepresented APAC, driven by regulatory support, demand for alternative protection
Hong Kong's efforts to become an ILS hub are driving the growth of third-party capital in Asia Pacific, industry sources tell InsuranceAsia News.
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- September 22 2025
Allianz Trade moves into Vietnam with country manager hire
Trade credit insurer hires Ly Dao from WTW to spearhead its expansion.
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- September 22 2025
Super Typhoon Ragasa: Hong Kong facing US$100m bill: report
Region is battening down for the typhoon, which is expected to bring hurricane-force winds of up to 220km/h and is projected to make landfall in southeast China on Wednesday.
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- September 22 2025
Opportunity knocks for marine insurers, Sompo’s David Ong says, as tariffs redraw Asia’s intra-trade landscape
As pricing pressures and evolving risks bite, the Japanese carrier is empowering local underwriting teams to help it become a 'truly international carrier of Asian origin'.
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- September 19 2025
Lotte Insurance sees takeover interest from Korea Investment Holdings: reports
Listed insurer backed by JKL Partners had attempted a sale last year, but negotiations fell through due to price gaps with potential buyers.
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- September 19 2025
Long term, profitable lines to sustain Samsung Fire & Marine’s underwriting profitability: AM Best
Global rating agency affirms a financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (ICR) of aa+ (Superior) to Samsung Fire & Marine and its subsidiaries.
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- September 19 2025
Atradius appoints Bart Poublon as director of risk services for Asia and Oceania
Poublon has spent 24 years at Atradius, having joined the firm in 2001 before joining the Asia team in 2005.
