Monetary Authority of Singapore advocates ‘engagement over divestment’ for net zero transition
MAS unveils comprehensive guidelines for financial institutions — including insurers — encouraging long-term perspectives and engagement with stakeholders in the transition to a net-zero economy.
Thai luxury resort set to recoup millions after QBE and MS First withdraw appeal on Covid-19 BI claims: Report
After a legal dispute spanning over two years, the insurers withdrew their appeal against a business interruption claim by Le Meridien Phuket resort, paving the way for potential recovery of several million dollars in claims.
Chinese insurance AMCs get green light to issue asset-backed securities, REITs
Pilot program aims to strengthen the bond market and generate liquidity in the financial system.
US, China, Japan account for half of US$3.5 trillion losses in Lloyd’s cyber attack scenario model
A scenario that models a severe cyber attack on global payment systems highlights the potential for huge losses in Asia and globally.
RAA Insurance to pay members AU$25m (US$16m) in remediation due to discount communication failures
Amid an industry-wide review on pricing by ASIC, the South Australian insurer said it will proactively disburse refunds to 180,000 members.
bolttech weighing US$300m US IPO: Report
bolttech is said to be considering a U.S. IPO to raise between $250m to $300m and based on the firm’s valuation of US$1.6bn after its last funding round.
Lockton Re adopts Supercede’s treaty data preparation platform
Following a successful pilot, Lockton Re becomes first major reinsurance broker to adopt Supercede’s data refinement platform.
Howden taps into potential of parametric solutions with launch of new climate-focused unit
Howden Climate Parametrics will focus on climate-related risks, with the 30-person team led by Rowan Douglas and Philipp Kusche.
Derek Roberts to lead Sedgwick’s operations in Australia
Derek Roberts, with his 18 years of global finance and insurance experience, has been named as the the loss adjuster’s Chief Operating Officer for Australia.
South Korea’s Financial Services Commission reveals plans to boost pet insurance
Aiming to align with global enrolment rates, the FSC sets goals to amplify domestic pet insurance by allowing new entrants and implementing methods such as use of biometric data and more tailored products.
