Gisella Lobo is a Reporter at (Re)in Asia, covering the senior appointments, regulatory changes and strategic moves shaping Asia Pacific's insurers. Areas of specialty include people moves across life, non-life and broking, insurance regulation and public health schemes, and insurer deals in markets including India, Singapore, Hong Kong, South Korea and Southeast Asia.
The name change, which took effect on 22 September, follows efforts by UK-based joint venture partner Prudential to transition from promoter to investor status in the insurer.
The move removes the requirement for prior regulatory approval to repatriate dividends and aligns intermediary rules with India's revised insurance and foreign investment framework.
The offering provides SMEs with bundled coverage tailored to their unique risk profiles, eliminating the need to purchase and manage multiple policies.
He joins Lockton after a 15-year stint at Zurich Insurance, where he held various underwriting, portfolio management and executive leadership roles across the UK and Australia.
He brings more than 18 years of experience in the life insurance sector spanning risk management, actuarial science, financial risk and capital management.
Improvement in underwriting performance attributed to a lower expense ratio and operational scale expansion, though the agency noted earnings remain reliant on investment returns to offset losses
