Bloomberg reports that Fosun International is reviving plans to sell its majority stake in the Hong Kong-based reinsurer, aiming for a US$1bn valuation.
The Competition Commission of India has provided full approval for Zurich's phased acquisition, first announced in November, starting with 51% in 2024, and a further 19% within three years.
At Parliamentary inquiry, Hall said some claims 'were not handled to the standard our industry strives to achieve,' but added that industry leaders were committed to improvements.
AM Best lifted 'under review with negative implications' but assigned negative outlook for Taiwanese insure, while Fubon Insurance Vietnam assigned a stable outlook.
Policy is first parametric solution to include Fiji's coral reefs and provides cover up to US$450,000 for reef repair and community aid in the event of a cyclone.
