News

Prudential to shut down Hong Kong wealth management unit, Pulse Wealth

May 9 2024

The news, first brought to light by trade publication Pensions & Investments, was confirmed by Prudential in a statement to Reuters.

Early May forecast predicts reduced 2024 typhoon activity for Northwest Pacific region

May 9 2024

TSR forecasts a potential 20% drop in 2024's Northwest Pacific typhoon activity compared with 30-year average.

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.

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