HDI Global has appointed Mr Kimura Kei as General Manager, Distribution and Marketing of its Japan branch.
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.
Al Buhaira National Insurance Company (ABNIC) has appointed Mr Ahmed Khalifa as CEO, following the Central Bank of UAE's non-objection, according to a company disclosure filed with the Abu Dhabi Exchange.
Arch Insurance Australia has promoted Mr Andrew Whitlock to the role of Head of Casualty.
The Ministry of Finance and National Financial Regulatory Administration (NFRA) have jointly issued the "Implementation Measures for Professional Liability Insurance for Accounting Firms" to standardise and develop standard professional liability insurance for accounting firms.
The Financial Regulatory Authority (FRA) has approved the registration of the Government Fund for Insurance Against Medical Error Risks, in line with regulations concerning insurance operations covered by the Fund.
The fire and explosion at Arabella Plaza Mall in New Cairo's Fifth Settlement, in Egypt, that resulted in three deaths, 11 injuries and material damage, has highlighted the importance of having integrated insurance programmes for facilities that hold large numbers of people, especially malls and shopping centres.
National Reinsurance Corporation of the Philippines (Nat Re) has announced the retirement of President and CEO Mr Allan Santos, effective 1 October 2026, after nine years of service.
The Insurance Authority, in cooperation with the General Directorate of Civil Defence, has announced the launch of the Third-Party Cooperative Insurance Policy for Crowded Places and High-Risk Activities. The insurance will be mandatory pursuant to a Council of Ministers resolution.