News

ardonagh-set-to-acquire-australias-psc-insurance-in-deal-valued-at-au2-26bn

Ardonagh to acquire Australia's PSC Insurance for AU$2.26bn

May 8 2024

Anticipated acquisition confirmed in an ASX announcement, with AU$2.26bn (US$1.48bn) deal expected to be completed in late September.

irdai-fines-go-digit-for-non-disclosure-of-share-conversion-change

IRDAI fines Go Digit for failing to disclose share conversion ratio change

May 8 2024

IPO-bound Go Digit is fined 10m rupees (US$120k) for its reporting oversight.

deputy-prime-minister-says-third-party-panels-not-needed-for-insurance-discrimination-appeals-in-singapore

Singapore's Deputy PM says independent panels not needed for insurance discrimination appeals

May 8 2024

Lawrence Wong says insurers must be accountable for their own decisions and rules out third-party appeals concerning discrimination against disabled and neurodivergent individuals

SCOR targets significant China growth - report

May 7 2024

Thierry Leger, CEO, predicts reinsurer's China premiums will double or triple over the next 10-20 years.

Hanwha Life finalises 40% stake acquisition of Nobu Bank

May 7 2024

The acquisition, awaiting regulatory approval, will mark the first instance of a Korean insurer venturing into foreign banking.

byds-insurance-arm-receives-green-light-to-offer-statutory-auto-liability-insurance

BYD Property Insurance receives green light to offer statutory auto liability insurance in China

May 7 2024

Latest development comes following EV manufacturer's acquisition of insolvent Yi'an Property Insurance in May 2023.

Mitsui Sumitomo Insurance aiming to offload all cross-held shares within two years - report

May 7 2024

Incoming head pledges rapid divestment as part of response to price-fixing scandal that hit major Japanese insurers.

gallagher-continues-australian-shopping-spree-with-the-aquisition-of-hica

Gallagher continues Australian shopping spree with the acquisition of HICA

May 7 2024

Arthur J. Gallagher continues to strengthen Australian presence with acquisition of Health Insurance Consultants Australia.

ardonagh-group-closes-in-on-psc-insurance-reports

Ardonagh Group closes in on PSC Insurance acquisition - reports

May 7 2024

AU$2bn (US$1.33bn) deal reportedly drawing closer, with some competitors said to have withdrawn over valuation concerns.

Zurich Malaysia and GXBank agree 10-Year bancassurance partnership

May 6 2024

New partnership will offer microinsurance for Malaysia's underserved, starting with cyber crime protection in Q3.

macau-floods-after-first-black-rainstorm-in-3-years-prompting-calls-for-drainage-review

Macau sees floods after first black rainstorm in 3 Years, prompting calls for drainage review

May 6 2024

Torrential rain leads to widespread flooding and calls for infrastructure reassessment.

FWD Group launches new Health Business

May 6 2024

FWD HealthyMe to be led by Sarah Salvilla, who has been appointed Group Chief Health Officer.

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