News

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.

world-bank-and-jamaica-renew-cat-bond-with-us150m-issuance-in-hong-kong

World Bank issues US$150m parametric cat bond in Hong Kong for Jamaican storm cover

May 6 2024

Jamaican Government's hurricane cover renewed through World Bank's second HK-listed cat bond.

Hong Kong's RBC regime set to begin 1 July following Government gazettal of subsidiary legislations

May 6 2024

Formality of Legislative Council's negative vetting to occur on 8 May, with changes expected to go live on 1 July 2024.

nsw-government-launches-netstrata-review-following-allegations-of-excessive-insurance-brokerage-fees

NSW Government launches Netstrata review following excessive insurance brokerage fees allegations

May 4 2024

Review launches amid broader concerns of systemic issues in strata insurance, highlighted by recent ACIL survey.

KOBA Insurance launches Australia's first dedicated EV policy

May 3 2024

Pay-as-you-drive policy is initially for Tesla owners, but access to other brands will roll out in the 'near future'.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

Chubb prepares US$350m claim payout for Baltimore Bridge collapse - reports

May 3 2024

First major payout from Scott Key Bridge looms after incident sparks complex web of claims and lawsuits.

NFRA calls for swift insurance response to Guangdong highway collapse

May 3 2024

Another disaster hit rain-stricken Guangdong on Wednesday, with insurers fast-tracking 10.62m yuan (US$1.47m) in claim payments so far.

New Zealand moves to modernise century-old insurance laws as Parliament passes first reading of key bill

May 2 2024

The Contracts of Insurance Bill, which aims to shift disclosure responsibilities to insurers and prevent unfair claim denials, passes its first reading in Parliament.

irdai-likely-to-provide-may-approval-for-iihls-acquisition-of-reliance-capitals-insurance-arms-report

IRDAI likely to approve IIHL's acquisition of Reliance Capital's insurance arms in May - report

May 2 2024

Regulator likely to provide approval prior to May 27 Law Tribunal deadline, a source has told the Economic Times.

sedgwick-expands-global-aviation-claims-management-solutions

Sedgwick expands aviation capabilities with new global solutions

May 2 2024

With air travel nearing pre-pandemic levels, Sedgwick expands its aviation claims services through new global aviation team.

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