News

Samsung Fire Marine insurance to raise stake in Canopius to 40

Samsung Fire & Marine to raise stake in Canopius to 40%

June 11 2025

South Korean insurer’s latest investment will boost its stake in Canopius from 19% to 40%, marking its third investment in the business.

Allianz Commercial appoints Hydor as MGA for marine liability in Asia Pacific

June 10 2025

Allianz expands marine reach in APAC as Hydor gains authority to quote and bind coverage, effective 1 June 2025.

dai-ichi-life-capgemini-to-establish-global-capability-centre-in-india

Dai-ichi Life launches global tech centre in India

June 10 2025

Partnership with Capgemini will support insurer's technology and digital strategies.

taiwan-life-doubles-losses-in-may-as-nt-value-continues-to-spike-report

Taiwan Life Insurance Co. doubles losses in May following TWD surge: Report

June 10 2025

Analysts are calling for improved asset-liability management among Taiwanese life insurers amid ongoing forex risks.

BHSI launches new management liability policy for Australia's life sciences sector

June 10 2025

New policy addresses management liability needs unique to life sciences, biotech, and pharmaceutical firms and is specifically designed for the R&D ecosystem.

acil-warns-it-will-push-for-government-appointed-assessors-over-poor-claims-handling

ACIL urges insurers to fix cash settlement processes or face government-appointed assessors

June 9 2025

Homeowners often receive unclear and inadequate cash settlements that fail to cover the full cost of repairs, says consumer watchdog.

report-indias-transport-ministry-considering-tp-premium-increase-following-regulators-proposal

India considering 18% hike for third party motor premiums: Report

June 9 2025

IRDAI has recommended an average of an 18% increase amid high loss ratios and rising claim costs.

new-zealand-secures-nz10-3bn-in-reinsurance-to-protect-homeowners-from-natural-disasters

NZ's Natural Hazards Commission secures NZ$10.3bn in reinsurance for 2025 renewal

June 9 2025

Figure is NZ$1.15bn (US$690m) higher than the previous year's total reinsurance cover.

report-thai-insurers-on-edge-as-ev-risks-mount-amid-neta-parents-financial-troubles

Thai motor insurers on edge as Neta Auto's finances worsen: Report

June 9 2025

Thailand’s insurers, under strain from rising EV costs, now face fresh uncertainty due to concerns about the parent company of an EV manufacturer.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australian court dismisses ASIC appeal against Auto & General’s ‘unfair’ insurance clause

June 9 2025

Decision follows regulator's claims that policy wording placed unclear obligations on customers across several major insurance brands.

spike-in-significant-breaches-highlights-systemic-weaknesses-in-australias-life-insurance-sector

APRA, ASIC report early progress on life insurer reforms

June 9 2025

However regulators added that the long-term impact on the reforms remain to be seen.

former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud

Hong Kong authorities charge former CCB employee in Vesttoo case

June 9 2025

Charges relate to alleged acceptance of over US$470,000 in cryptocurrency to supply false letters of credit.

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