News

insurance-council-calls-for-national-climate-adaptation-model-and-ambitious-2050-goals

ICNZ calls for national climate adaptation model and ambitious 2050 goals

July 16 2024

The Insurance Council of New Zealand calls on Government to lead coordinated climate adaptation strategy to enhance nat cat resilience.

tokio-marine-kiln-partners-with-kita-to-offer-political-risk-cover-for-carbon-credit-projects

Tokio Marine Kiln and Kita partner on political risk cover for carbon credit projects

July 16 2024

New product looks to mitigate risks from political instability affecting the sale or export of carbon credits.

Ping An looking to raise US$3.5bn through convertible bond - reports

July 16 2024

Chinese insurer plans to use funds to strengthen capital and support growth in health and aged care segments.

Steadfast and AUB enter AM Best’s top 20 global insurance brokers

July 15 2024

The two Australian brokers debut in 17th and 18th by revenue in 2024 rankings, while Gallagher leapfrogs WTW into third.

Thailand's Syn Mun Kong Insurance loses non-life license

July 15 2024

SMK had become insolvent following substantial losses due to COVID-19 policies.

chongqing-struck-by-floods-as-china-reports-us13bn-in-nat-cat-losses-in-h1-2024

Chongqing struck by floods as China reports over US$13bn in nat cat losses in H1 2024

July 14 2024

Chongqing's record rainfall is the latest in a series of extreme weather events that have affected 33 million people in China this year.

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

OCBC increases stake in Great Eastern to 93.52% at close of general offer

July 13 2024

Stake below 98.87% threshold for compulsory acquisition, but OCBC said it will not take steps to maintain public listing if free float requirements are unmet.

South Korea's insurers see capital adequacy ratios fall 8.6pp in Q1 2024

July 13 2024

Market and op risks have seen required capital to rise in Q1.

FWD Group ranks sixth in 2024 MDRT

July 12 2024

Insurer maintains ranking, seeing 2089 qualify of its team qualify as MDRT members as of July 2024.

aia-collaborates-with-blackrock-and-bny-to-strengthen-investment-platform

AIA partners with BlackRock and BNY to strengthen investment platform

July 12 2024

AIA forms partnerships to support group's evolving investment programme.

Aspen looks to advance AI and data strategy with launch of Data Labs

July 12 2024

Specialty (re)insurer launches Aspen Data Labs to advance its data and AI initiatives.

Insurance claims for June floods in southern China reach US$440m: NFRA

July 12 2024

Insurers have received 95,000 claims, with 1.1bn yuan (US$151m) in payments and pre-payments isssued so far, says regulator.

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