News

Australian regulator exploring potential concerns over IAG, Allianz acquisitions

February 4 2025

ACCC investigating whether IAG-RACQ and Alliianz-RAA deals might lead to higher premiums, lower service standards.

Gallagher Bassett acquires marine claims specialist W K Webster

February 4 2025

W K Webster is headquartered in London, with offices in Singapore, the U.S., and the Netherlands.

ocbcs-increases-stake-in-great-eastern-to-93-52-at-close-of-offer

Great Eastern's acquisition of AmMetLife units called off

February 3 2025

AMMB mutually agrees to cancel RM1.12bn (US$249m) sale of AmMetLife Insurance and AmMetLife Takaful.

Suncorp completes sale of Asteron Life to Resolution

February 3 2025

The deal sees Resolution Life acquire the New Zealand-based business for NZ$410m (US$227m)

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Taiwan's FSC urges insurers to offer more products for elderly and disadvantaged

February 3 2025

Regulator wants industry to create more micro-insurance and small-amount end-of-life products.

India clarifies GST treatment for co-insurance, reinsurance transactions

February 3 2025

The government’s decision includes retrospective regularisation of GST treatment from 2017 to 2024.

Cyber MGA Sync Underwriting launches in Australia

February 3 2025

Tokio Marine provides capacity for the managing general agent, which is is part of the Rhodian network.

india-to-allow-100-fdi-in-insurance-for-firms-investing-entire-premium-locally

Indian Finance Minister reaffirms 100% insurance FDI ambitions

February 3 2025

Nirmala Sitharaman said this enhanced limit will be available to firms which invest the entire premium in India

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Heavy rainfall, flooding prompts evacuations in North Queensland

February 3 2025

The Insurance Council of Australia on Sunday declared the North Queensland floods a ‘significant event’.

steadfast-group-merges-network-insurance-group-and-insurance-house

Steadfast Group combines Network Insurance Group and Insurance House

January 31 2025

Group's two largest brokerages merge, with Andrew Broughton named as CEO.

IRDAI caps senior citizen health insurance rate hikes at 10%

January 31 2025

The move follows the regulator’s decision to abolish the age cap of 65 years for purchasing health insurance.

Watchdog urges ACIL to name insurer penalised for claims code breach

January 31 2025

“Consumers and industry stakeholders deserve to know when an insurer has failed to meet its obligations,” says Chair of Australian Consumers Insurance Lobby.

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