New Zealand’s NHC Renews NZ$12.3B Record Reinsurance Tower at +20%
NHC reinsurance tower 2026 reaches a record NZ$12.3B — a 20% increase secured at cost-effective terms, with ILS capital embedded and a NZ$1.4B taxpayer…
Region
APAC
Allianz Research: Extreme Heat Could Erase 5–7% of GDP for the Most Exposed Economies by 2030
Extreme heat GDP losses of 5–7% by 2030 for the most exposed economies — Allianz Research's parametric-ready quantification redefines heat as a sovereign risk…
Saudi Re Anchors GIFT City Hub With Former Swiss Re VP as India’s Reinsurance Race Heats Up
Saudi Re appoints ex-Swiss Re VP Ruchi Jain as Principal Officer of its GIFT City IIO. GIFT City reinsurance GWP surged to USD 608M…
PayPay Bets ¥134B on Life Insurance With T&D Financial Life, Mirroring China’s Fintech-Insurer Playbook
PayPay Corp acquires 70.2% of T&D Financial Life for ¥134.34B — converting Japan's 74-million-user payment platform into a life insurance distribution engine targeting the…
Insurance Australia Group Closes A$4 Billion Greensill Litigation, But a Five-Month Trial Looms
IAG settles A$4B in Greensill Bank AG proceedings; Credit Suisse's A$3B tranche goes to a five-month trial opening August 2026 — APRA's governance response…
Japan Prudential Life Sets Aside ¥4.7 Billion as FSA Escalates to Parent Holding Company Inspection
Japan Prudential Life earmarks ¥4.7 billion to compensate 503 policyholders after 107 employees committed fraud over 34 years — the FSA has escalated its…
MNRB Berhad’s RM400M Labuan Re Acquisition Anchors Its Top-5 Asia Reinsurance Push
MNRB Berhad's RM400.49M proposal to fully acquire Labuan Re targets a top-five Asia reinsurer ranking, leveraging Labuan IBFC's offshore platform for international specialty and…
South Korea’s Life Insurance Profit Surges 40% as Non-Life Falls 12% in Q1 2026
South Korea Q1 2026 FSS data: life insurance net profit surged 40.6% to ₩2.37 trillion on IFRS 17 CSM mechanics, while non-life fell 12.3%…
Japan FSA Launches AI Cybersecurity Working Group for Insurance Sector
Japan FSA cybersecurity working group for insurance launched May 14, 2026 with 33 cross-sector participants — the first APAC financial-sector AI coordination body and…
DB Insurance Takes 100% of Fortegra as Korean Insurers Target US Specialty Scale
DB Insurance Fortegra acquisition — the $1.65B deal for the US specialty carrier — clears Korean FSC approval and targets mid-2026 close, marking the…