News

indias-competition-commission-greenlights-the-central-bank-indias-future-generali-deal

India’s competition commission greenlights Central Bank of India’s Future Generali deal

October 16 2024

Competition Commission of India approves bid for 24.91% and 25.18% stakes in Future Generali's insurance units as part of insolvency resolution process.

allianz-says-it-will-work-closely-to-consider-revisions-to-proposed-allianz-income-deal

Allianz says it will work closely with stakeholders to consider revisions to Income acquisition

October 16 2024

People close to the situation reportedly described the Government's decision to halt the deal as a “total shock.”

Specialist Risk Group (SRG) announces foray into APAC with acquisition of Suntek Insurance Brokers

October 15 2024

Now backed by Temasek and Warburg Pincus, SRG begins Asia growth strategy with acquisition of Singaporean broker, pending regulatory approval.

Milton likely an earnings event, but global renewals face pressure after back-to-back hurricanes

October 15 2024

Nat Cat reinsurance prices on an ‘upward trajectory’ just ahead of Asia Pac 1:1 renewals.

Australian consumer group concerned about ICA’s expert review

October 15 2024

Australian Consumers Insurance Lobby raised concerns over gaps in the General Insurance Code of Practice regarding expert report standards in claims processes.

Singapore will amend Insurance Act following rejection of Income-Allianz merger

October 15 2024

Amendment will create legal basis for input from minister overseeing co-operatives on deals involving co-op-related insurers.

Thai central bank open data project includes insurance sector

October 14 2024

Thailand's 'Your Data' project, led by the Bank of Thailand, aims to enable secure digital data sharing in finance across financial firms.

allianz-makes-offer-to-acquire-majority-stake-in-singapores-income-insurance

Allianz's acquisition of Income called off

October 14 2024

Singapore government has intervened in deal in its current form, saying it is not in the public interest.

Korean insurers face IFRS 17 pressure from interest rate cuts

October 14 2024

Recent interest rate reduction by Bank of Korea could impact insurers' profitability.

india-considers-seed-funding-for-domestic-shipping-insurance-entity-amid-regulatory-hurdles-report

India considers seed funding for domestic P&I entity amid regulatory hurdles - report

October 12 2024

The proposed entity would initially offer insurance for coastal and river vessels, which are not covered by the international P&I framework.

qbe-unifies-australia-pacific-workers-compensation-aamph-teams

QBE unifies Australia Pacific Workers Compensation and A&H teams

October 12 2024

The new Head of People Risk team will be led by Anthony D’Oca.

Insurers able to access PBOC’s US$70bn swap facility

October 11 2024

RMB500bn swap facility, announced Thursday, will allow insurers to use holdings as collateral for high-liquidity assets.

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