Shinhan Financial Group has signed a stock purchase contract to acquire a 77.04% stake in Lotte Non-Life Insurance from JKL Partners for KRW693.3bn ($515m), marking a major move to expand its non-banking portfolio and elevate its standing in South Korea's non-life insurance sector.
AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
Singapore government has initiated the process to amend the Maritime and Port Authority of Singapore (MPA) Act 1996. The Maritime and Port Authority of Singapore (Amendment) Bill was introduced for First Reading in Parliament on 6 October 2026.
With a focus on strengthening its energy security, the Japanese government proposes to expand the scope of the arrangement that offers coverage equivalent to reinsurance for tankers transporting crude oil and other commodities to Japan.
Tokio Marine Kiln (TMK) has appointed Mr Oliver Wilcox as Head of Energy within its marine and energy division.
Mitsui Bussan Pana Harrison has announced the appointment of Ms Alice Lim as Head of General Insurance.
New threats to the maritime industry like GPS spoofing have emerged in some regions, such as the Middle East.
Santam Syndicate 1918, part of Santam Group, Africa's largest non-life insurer, has appointed Ms Hina Shavdia as COO.
Santam Syndicate 1918 has appointed Ms Hina Shavdia as COO.
Miller has appointed Mr Andrew Yarwood as a Senior Director in its marine team, and Ms Katie Murrell as Director of Sport, Entertainment, Corporate and A&H.