News

Indian Premier League insurance claims surge due to rain and injuries - report

May 23 2024

Insurers facing claims up to 1.5bn rupees (US$18m) for cricket tournament, with largest spike in five years likely to lead to rate hikes next year.

Diot-Siaci to acquire majority stake in Indian speciality (re)insurance broker Unilight

May 22 2024

French broker to strengthen position in Asia through stake acquisition.

insurance-authority-issues-warning-about-unlicensed-life-insurance-sales-to-mainland-china-visitors

Insurance Authority issues broker warning about unlicensed life insurance sales to Mainland China Visitors

May 22 2024

Hong Kong IA issues circular warning it has "no tolerance" on issue of unlicensed insurance referrals for Mainland China visitors.

AUB Group to acquire 70% stake in financial lines MGA for AU$105m

May 22 2024

AUB to acquire 70% stake in Pacific Indemnity for AU$105m (US$70m).

SBI General forms non-life bancassurance partnership with Jana Small Finance Bank

May 22 2024

Partnership will provide bank's individual and commercial clients with access to a wide range of general insurance products.

IAG launches cyber MGA, Cylo

May 22 2024

Cylo provides cover for Australian businesses with revenues up to AU$10m and is backed by IAG subsidiary, CGU.

Income Insurance exploring partnership and stake sale options - report

May 22 2024

Singaporean insurer is reportedly considering options to help fuel expansion in Asia Pacific.

temasek-and-warburg-pincus-to-acquire-specialty-broker-srg

Temasek and Warburg Pincus partner to acquire specialty brokerage group SRG

May 21 2024

Deal reportedly values Specialist Risk Group at more than £1bn (US$1.27bn) including debt, with acquisition expected to support international expansion, including in Asia.

calls-for-home-buyback-scheme-following-revised-flood-modelling-in-melbourne-report

Victorian government urged to consider buybacks following update to flood models - report

May 21 2024

Updated maps label 900 homes flood-prone, with one resident telling The Age his insurance premiums have risen from AU$180 to AU$5000 per year.

PCRIC and WTW develop parametric solution for PNG’s undersea cable network

May 20 2024

Bespoke parametric policy provides earthquake cover for submarine fibre optical cables that are installed and operated by PNG DataCo.

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