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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.
SBI General Insurance names Naveen Chandra Jha as MD and CEO
June 27 2024
Jha nominated by State Bank of India, SBI General's parent company.
Korean insurers to prioritise CSM-friendly products to help drive profitability: Fitch
June 26 2024
Profits to stabilise following full implementation of IFRS 17, so insurers likely to prioritise protection-type and long-term products.
HDI Global's Clara Malcolm relocates to Japan as Senior Underwriter for Liability and Specialty
June 26 2024
Malcolm has been with the business since 2017 and relocates permanently to Japan following a six-month secondment in the country.
Zurich agrees deal to acquire AIG’s global personal travel insurance business for US$600m
June 26 2024
Transaction is expected to close by year-end, with enlarged Cover-More Group projected to generate GWP of US$2bn annually.
NSW announces strata reforms, including tightening of commission rules for insurance agents
June 26 2024
Reforms follow investigation into excessive brokerage fees charged by Nestrata.
BMS Australia launches agriculture business led by Ceri Martin
June 26 2024
Martin joins as Head of Agriculture to lead expansion of the new division.
Feldmann earns expanded role as HDI Global’s Managing Director for ANZ
June 26 2024
Feldmann has served as Australia's MD since 2012 and will now oversee commercial and specialty business across Australia and New Zealand.
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