News

Evidence mounts of Russia's shadow fleet expansion into LNG - report

June 28 2024

Indicators suggest Russia is expanding its shadow fleet, which will heighten existing concerns for insurers.

FWD Singapore agrees deal for motor insurance to be underwritten by Income - report

June 28 2024

Deal will see FWD act as agent, with customers likely to face 15 to 30% premium hikes.

insurers-urged-to-scrutinise-supply-chain-risks-amid-geopolitical-tensions

Lord Sedwill urges insurers to better understand supply chain risks amid rising geopolitical tensions

June 27 2024

“If you're thinking about the companies you insure... do [they] really understand their supply chains?" asked Lord Sedwill at Marsh's Rising Professionals’ Global Forum.

hk-regulators-say-insurance-industry-generally-compliant-with-premium-financing-but-some-gaps-remain

IA, HKMA says insurance industry generally compliant with premium financing, but gaps remain

June 27 2024

Joint inspections by regulators show overall adherence, but improvements urged amid higher interest rates.

Woori to acquire Tongyang and ABL Life from China's Dajia Insurance Group - report

June 27 2024

US$2.2bn deal would see South Korean financial conglomerate pull out of other proposed acquisitions, including Lotte Insurance.

nsw-announces-strata-reforms-including-tightening-of-commission-for-insurance-agents

NSW announces strata reforms, including tightening of commission rules for insurance agents

June 26 2024

Reforms follow investigation into excessive brokerage fees charged by Nestrata.

Climate insurtech IBISA secures US$3m funding to scale parametric insurance in Asia and Africa

June 26 2024

Funding will support expansion into emerging markets.

hdi-global-launches-cyber-in-australia-with-appointment-of-natalie-miladinski

HDI Global launches Australian cyber presence with appointment of Natalie Miladinski

June 26 2024

Sydney-based Miladinski joins from Chubb as Cyber Underwriting Manager for the Asia Pacific region.

zurich-completes-majority-stake-acquisition-of-kotak-general-insurance

Zurich to expand workforce in India by 600 - report

June 25 2024

Having just finalised the acquisition of Kotak General, APAC CEO Tulsi Naidu said insurer plans to increase workforce by 40%.

India's Niva Bupa planning US$360m IPO - report

June 25 2024

IPO would value business at up to US$2.5bn, with sources suggesting insurer plans to file approval papers in the next week.

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