News

Large black bulk carrier sailing on calm water with a forested coastline in the distance.”

West P&I-entered MV Ocean Winner sinks off India, 22 crew missing

August 25 2026

The vessel's P&I insurer says it is working with authorities as search efforts continue for 22 missing crew members following the casualty.

Chubb office building with large blue-tinted glass windows and a white concrete façade under a partly cloudy sky

Chubb Malaysia drops IPO plans, explores alternatives — report

August 25 2026

The listing, intended to help meet regulatory requirements, was shelved due to unfavourable market conditions.

Suncorp emerges as frontrunner in Tokio Marine's search for major acquisition — report

August 25 2026

The Japanese group had also weighed IAG and Canada's Intact Financial as potential targets for overseas expansion.

Close-up of a globe showing Southeast Asia and parts of India and Australia with country names highlighted in bright colors.

Asia-Pacific reinsurers return to revenue growth as overseas portfolios lift earnings: AM Best

August 25 2026

Reinsurers in the region reported a 4.0% increase in net insurance service revenue in 2025, reversing the previous year’s decline.

Outdoor market with white vendor tents along a cobbled street in front of a stone church, people shopping and strolling.

Philippines’ life premiums rise 17.9% in H1 2026 as total assets top PHP2 trillion

August 25 2026

Both variable and traditional products drove growth in life premiums during the period.

Eight adults posing in a formal office holding a large ceremonial check, smiling for the camera and flanked by colleagues.

Tonga secures US$8,400 insurance payout under PCRIC parametric cover

August 25 2026

The payouts release 20% of 'Eua's limit and 41% of Tongatapu's limit to support drought preparedness across both islands.

Illuminated China Evergrande sign on a dark metal plaque, with Chinese characters above the company name in a lobby setting.

China revokes Evergrande Life’s business licence over fund misuse

August 25 2026

The action closes the book on an insurer whose business, assets and liabilities passed to state-owned Haigang Life in 2023.

Seaside cityscape with a curved waterfront promenade, people walking along the railing, and a busy coastal road lined with cars; skyline in the distance.

Generali Central Life eyes 30-35% growth in new business as JV gains traction

August 24 2026

The insurer expects its expanded bancassurance partnership with Central Bank of India to become a major growth driver, with annual business from the channel projected to reach ₹5bn (US$52.25m) within three...

LG OLED and UHD TVs on a showroom display in an electronics store

K-Sure provides US$18m cover for LG Electronics’ TV service exports

August 24 2026

The arrangement marks K-Sure's first move into insuring TV platform service exports.

Shenzhen lists 21 tech insurance covers for premium subsidies

August 24 2026

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.

Purple 'AUDIT' stamp on a white surface with colorful charts in the background.

Edelweiss Life, Pramerica Life receive IRDAI warnings over FY2024-25 expense limit breaches

August 24 2026

The warnings follow similar restrictions on Acko General Insurance and Niva Bupa Health Insurance.

Exterior view of Allianz building with a large blue sign reading Allianz in the foreground

Allianz Malaysia H1 revenue rises 7% as life premiums grow 16%

August 24 2026

GI GWP rose 6.7% to RM2bn (US$495m) in the first half, while life premiums reached RM2.36bn.

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