News

australian-regulator-releases-observations-on-review-of-phi-capital-framework

Australian regulator releases observations on review of Private Health Insurance capital framework

May 9 2024

Enhanced data quality and accuracy one of the areas of improvement identified by APRA in its review of the PHI capital framework.

Major Japanese insurers to raise fire premiums by 10% this year - report

May 9 2024

Four major Japanese insurers to raise premiums in October, marking first hike in two years.

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.

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