News

Mitsui Sumitomo Insurance developing space tourism coverage: report

December 19 2023

Japanese insurer working with partners to target growing suborbital flights industry.

Insurance Council of Australia declares Tropical Cyclone Jasper a 'significant event'

December 18 2023

Classification will trigger emergency assessments and support for affected regions from Innisfail to Hope Vale.

thailands-smk-ordered-by-regulator-to-stop-taking-on-new-applicants

Thailand regulator orders SMK to stop taking new policyholders

December 18 2023

The non-life insurer had applied for bankruptcy protection in May 2022 following significant COVID-19 losses.

Hong Kong: Swiss Re set to acquire EC policies from liquidated Target Insurance

December 15 2023

Insurance Authority announces transfer of 27 employees' compensation and four contract-all-risk policies, pending final approval.

onedegree-receives-funding-from-dubai-insurance-expands-digital-asset-product-to-uae

Series B boost for OneDegree as insurtech expands digital asset offering in UAE

December 15 2023

Dubai Insurance invests in Hong Kong insurtech against backdrop of increasing regulatory scrutiny on digital assets.

China encourages foreign maritime insurers to enter domestic market

December 15 2023

China sets its sights on enhancing its marine insurance sector by 2035, aiming to rival established centres like London and Singapore, while bolstering shipping finance and legal services.

High Court sanctions major class action against New Zealand's Earthquake Commission

December 15 2023

Class action challenges EQC's 2011 quake settlements, with potential to become one of New Zealand’s most expensive.

Malaysian Life Re launches retakaful business, hopes to reach 10% premium contribution in 3 years

December 15 2023

Malaysian Life Reinsurance (MLRe) launches Shari’a-compliant retakaful business, aiming to reinforce Malaysia's position as a hub for Islamic finance.

axis-capital-to-launch-new-lloyds-syndicate-for-energy-transition

AXIS Capital to launch Lloyd's Syndicate for energy transition

December 15 2023

Energy Resilience Syndicate 2050 aims to launch in April 2024, providing capacity across the lifecycle of new energy projects.

China Aircraft Leasing receives US$24m insurance settlement for stranded Russian aircraft

December 14 2023

Settlement from Russian state-owned insurer NSK follows similar agreements with other aircraft leasing firms.

SCA publishes best practice guide for strata insurance

December 14 2023

The Strata Community Association introduces three-step guide for strata insurance disclosures.

Australian regulators warn life insurers to improve price hike practices

December 14 2023

APRA and ASIC have asked insurers to improve risk management framework and provide clearer communication.

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