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Fitch affirms FWD Group's ratings with capital buffer expected to support ongoing expansion
June 28 2024
Fitch affirms IDR at 'BBB+ and IFS at 'A', pointing to diversified premium sources and strategic regional investments.
AXA XL elevates Yannick Daucourt to Global CUO for Specialty Niche
June 28 2024
Daucourt has been serving as Chief Underwriting Officer, Specialty for APAC and Europe since October 2020.
Suncorp's AU$4.9bn sale of banking arm gets final nod from Federal Treasurer
June 28 2024
AU$4.9bn (US$3.25bn) deal will help Suncorp focus on insurance challenges like climate change and affordability, says Suncorp CEO.
Evidence mounts of Russia's shadow fleet expansion into LNG - report
June 28 2024
Indicators suggest Russia is expanding its shadow fleet, which will heighten existing concerns for insurers.
FWD Singapore agrees deal for motor insurance to be underwritten by Income - report
June 28 2024
Deal will see FWD act as agent, with customers likely to face 15 to 30% premium hikes.
Lord Sedwill urges insurers to better understand supply chain risks amid rising geopolitical tensions
June 27 2024
“If you're thinking about the companies you insure... do [they] really understand their supply chains?" asked Lord Sedwill at Marsh's Rising Professionals’ Global Forum.
Prudential Singapore appoints Citi exec as new CEO
June 27 2024
Chan San San set to lead Singapore operations from September 2024, pending regulatory approval.
IA, HKMA says insurance industry generally compliant with premium financing, but gaps remain
June 27 2024
Joint inspections by regulators show overall adherence, but improvements urged amid higher interest rates.
S&P affirms Chubb Life HK's ratings as insurer continues to broaden its customer base
June 27 2024
A+ ratings affirmed with subsidiary considered key to Chubb's earning growth.
Woori to acquire Tongyang and ABL Life from China's Dajia Insurance Group - report
June 27 2024
US$2.2bn deal would see South Korean financial conglomerate pull out of other proposed acquisitions, including Lotte Insurance.
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