News

Chubb to acquire MGA Catalyst Aviation Insurance in Australia

June 5 2024

Brendan Warner, Managing Director of Catalyst, will continue to lead underwriting for Australian aviation business.

german-supermarket-giant-aldi-launches-insurance-line-in-australia-using-honeys-white-label-platform

Supermarket giant ALDI partners with Honey to launch Australian insurance offering

June 5 2024

ALDI Insurance provides home, contents, motor, and landlord insurance, powered by Honey's technology and white label platform and underwritten by RACQ.

dual-to-take-on-underwriting-and-management-of-allianz-australias-financial-lines-portfolio

DUAL to take over underwriting and management of Allianz Australia's financial lines

June 4 2024

MGA announces it will take over management of portfolio from 1 Oct, with Allianz remaining the 100% capacity provider.

australian-government-provides-details-on-new-insurance-affordability-and-natural-hazards-taskforce

Australian Government outlines details of new insurance affordability and natural hazards taskforce

June 4 2024

Announced as part of the 2024-25 budget, the new taskforce will adopt a cross-government approach to reducing impacts of nat cats on the community.

sun-life-singapore-launches-hoops-health-youth-programme

Sun Life launches Hoops + Health youth programme in Singapore

June 4 2024

Sun Life and Beyond Sport launch programme to support coach development and youth wellness in Singapore as part of a broader initiative across six Asian countries.

new-ica-figures-underline-importance-of-emergency-services-levy-reform

New ICA data underlines importance of Emergency Services Levy reform for NSW insureds

June 3 2024

ICA data shows ESL adds between AU$305 and AU$1,200 annually for property policies, reinforcing importance of Government's ongoing reform efforts.

NZ Budget 2024 boosts disaster preparedness with new National Emergency Management Facility

June 3 2024

Budget includes several disaster aid and resilience measures, including NZ$28m (US$17.2m) for temporary housing for households impacted by Cyclone Gabrielle and the Auckland Flood.

Chubb consolidates Korean operations under Lina brand

June 1 2024

Chubb has consolidated its Korean GI, life, and telemarketing subsidiaries Korean under the unified Lina brand.

westpac-initiates-au400m-lawsuit-against-dozens-of-insurers-over-austrac-penalty

Westpac initiates AU$400m lawsuit against dozens of insurers - report

June 1 2024

Westpac reportedly suing 43 insurers, including AXA, Allianz, and Zurich, over interpretation of insurance contracts related to AU$1.3bn 2020 AUSTRAC penalty.

IRDAI overhauls health insurance regulations

May 31 2024

Indian regulator publishes master circular consolidating health insurance regulations, including mandating of faster claim authorisations.

Bowtie celebrates fifth anniversary with top 10 Hong Kong life insurer milestone

May 31 2024

HK's first virtual insurer marks fifth anniversary ranking tenth in new individual paid policies, according to Q4 2023 Insurance Authority data.

Spike in Asia's PE-backed reinsurance transactions may be "tip of the iceberg": Guy Carp

May 31 2024

Private equity-backed life reinsurance deals have surged, but significant potential remains due to underperforming assets and regulatory changes.

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