This week in insurance: Aon names Risk Capital CEO, SB Finance launches job-loss cover, Beazley takeover talks extended

Regulators in Singapore and Thailand have also made moves this week.

The insurance industry from 16 to 20 February saw leadership changes, partnerships ending, new product launches, digital transformation initiatives, and ongoing regulatory monitoring in Singapore and Thailand this past week.

The Monetary Authority of Singapore (MAS) does not plan immediate changes to the law to address the sale of insurance products through e-commerce platforms, but said it will continue to monitor developments.

In a written reply to a Parliamentary Question for the sitting on 12 February, Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry and Chairman of the Monetary Authority of Singapore, responded to Melvin Yong Yik Chye, MP for Radin Mas SMC.

The Office of Insurance Commission (OIC) of Thailand has upgraded its data infrastructure using solutions from NetApp to speed up data processing, strengthen cyber resilience and support its shift towards digital and AI-enabled supervision.

The OIC said the deployment of NetApp’s enterprise storage and data platform is central to its digital transformation strategy and its aim of becoming a data-driven regulator.

Aon Plc. has named Joe Peiser as CEO of Risk Capital. Peiser will lead Aon's Risk Capital capabilities across Commercial Risk and Reinsurance Solutions. 

He will continue to report to Andy Marcell, CEO of Global Solutions for Aon. A search for the role of CEO of Commercial Risk is still undergoing.

SB Finance has partnered with bolttech and MAAGAP Insurance Inc. to launch a bundled loss-of-employment protection feature for motorcycle loan customers.

The initiative enhances SB Finance’s MotorsikLOAN programme by embedding insurance cover designed to help borrowers maintain repayments in case of job loss, accidents or illness.

Beazley has extended the deadline for Zurich Insurance Group to decide whether it will make a formal takeover offer for the insurer.

In a statement released on 16 February 2026, Beazley said the two companies had previously confirmed they had agreed in principle on the key financial terms of a possible recommended cash offer for all of Beazley’s shares.

Talanx AG and Meiji Yasuda Life Insurance Company have ended their strategic partnership by mutual agreement, effective 31 December 2025, following the exercise of previously agreed share purchase options by Talanx.