Hyundai Marine & Fire’s H1 profit falls 46% due to lack of previous year’s windfall

India’s Zurich Kotak hires Sukesh Shetty as COO

Mumbai-based Shetty joins the firm following 15 years at SBI General Insurance, most recently as COO.

Suncorp underwriting result soars 54% to top US$1bn in FY25

Australian insurer’s profit after tax was up 53% to US$1.2bn, boosted by asset sales and a ‘favourable’ natural hazard experience.

IAG FY25 net profit surges 51.3% to US$887m, COR improves to 87.2%

Strong uplift in profit driven by ‘disciplined approach to pricing, underwriting and claims efficiencies, combined with favourable perils experience’.

With a US$3bn market on the horizon, a hydrogen-powered future creates ‘far-reaching’ implications for insurers

Product lines such as energy, natural resources, and liability are likely to see the biggest impact from hydrogen risks over the next five to 10 years, followed by property and marine, industry insiders tell InsuranceAsia News.