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Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch
June 21 2024
Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.
AM Best affirms Ansvar's ratings as key excess-of-loss and stop-loss programmes renewed
June 21 2024
AM Best affirmed A- IFS rating noting continued reinsurance support from owner EIO following years of PSA claims.
Fitch affirms Cathay Life's ratings, forecasts stable growth despite spread gains risk
June 20 2024
Fitch affirms 'A' IFS ratings of Taiwan's largest life insurer, citing strong market position and robust capitalisation.
GIAJ reports US$350m in claims paid for Hyogo hail-fall
June 20 2024
As of 31 May, over 119,000 claims have been paid following the hail-fall.
Lockton Singapore appoints Lena Tsia as Chief Operating Officer
June 20 2024
Tsia to drive best practice across Lockton Singapore's business.
Regulator blames Medibank cyberattack on lack of multi-factor authentication
June 20 2024
In a court filing, the OAIC alleges that the health insurer's lack of MFA enabled hacker to exfiltrate 520 gigabytes of data.
Japanese insurers balancing ESG pressures: Fitch
June 20 2024
ESG efforts catching up with overseas peers, but scrutiny remains because of country's renewable energy dilemma.
Zurich Malaysia partners with Gentari to support EV growth
June 20 2024
Zurich teams up with clean energy solutions provider to expand EV charging infrastructure and offer value-added services for EV users.
ZA Tech rebrands as Peak3 following completion of US$35m Series A round
June 20 2024
Funding will support Singapore-headquartered insurtech's expansion, as well as investments in data and AI.
QBE to exit North American mid-market segment
June 19 2024
Insurer to exit segment following several years of performance challenges.
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