Jessica Li is a Reporter at (Re)in Asia, following the appointments, ratings and deals shaping the region's insurers. Areas of specialty include senior people moves, insurer ratings actions, and M&A across marine, financial and reinsurance lines in markets including Vietnam, Hong Kong, Korea and India.
The Pakistani non-life insurer generated positive underwriting and investment results, producing a 16.3% weighted average return on equity between 2021 and 2025.
The city will fund half the premium, up to 1m yuan (US$150,000) per company each year, and has launched an SME package where 9,800 yuan buys 5.5m yuan of cover.
Risk-adjusted capitalisation is expected to remain at its strongest level, but the agency noted that volatile cover and a small net premium base have kept underwriting profitability subdued over the past...
The transaction, announced on 31 July, remained subject to closing conditions and regulatory and exchange approvals, with completion expected during August.
