News

Generali to acquire full ownership of Chinese JV for US$108m

January 11 2024

Generali set to acquire 51% stake in Generali China Insurance from JV partner CNPC Capital, subject to regulatory approval.

trio-form-carter-briggs-hurle-after-leaving-sedgwick

Trio form new loss adjuster, Carter Briggs Hurle, following departure from Sedgwick

January 10 2024

Leon Briggs, Gary Hurle, and Jake Carter form new loss adjusting venture with a focus on commercial, liability, construction, and financial losses in the New Zealand and Pacific Island markets.

Singapore insurance body issues new ethical guidelines for intermediaries

January 10 2024

ICCSC releases paper which outlines best practices for GI intermediaries in 'maintaining and elevating standards of integrity.'

chinas-nafr-orders-insurers-to-fortify-cyber-defenses-after-icbc-ransomware-attack-report

China’s NFRA orders insurers to fortify cyber defences after ICBC ransomware attack - report

January 10 2024

China's financial institutions have been directed to conduct comprehensive security overhauls to prevent future breaches.

Insurance impact of Japan's Noto Peninsula earthquake likely to be 'small': Fitch

January 10 2024

Estimated losses are small compared to 2011's Great East Japan Earthquake, with Fitch echoing announcements from Moody's and AM Best that the credit impact on non-life insurers should be manageable.

reinsurance-capital-returning-to-pre-pandemic-levels-after-strong-rebound-in-2023-am-best

Reinsurance capital returning to pre-pandemic levels following strong rebound in 2023: AM Best

January 9 2024

Hard market, avoidance of major property losses, and gains from higher interest rates contribute to 2023 rebound.

japan-new-year-earthquake-insured-losses-estimated-at-us6-4bn

Verisk: industry property losses from Noto Earthquake may hit US$3.3bn

January 9 2024

Verisk's initial data analysis predicts losses between US$1.8bn and US$3.3bn, which does not account for non-property or indirect losses.

AIA Singapore launches Ultimate Critical Cover in response to rising cancer rates

January 9 2024

AIA UCC aims to bridge Singapore's 74% critical illness protection gap.

howden-boosts-australian-equine-presence-with-second-acquisition-in-two-months

Howden expands Australian equine operations with second acquisition in two months

January 9 2024

Howden advances global equestrian broker ambitions with Silks insurance buy.

PolicyStreet gains approval for Malaysian Takaful operations

January 8 2024

With LFSA approval, the insurtech expands into Takaful market to meet rising demand in Syariah-compliant insurance products.

Officials say India is moving closer to setting up its own maritime P&I club

January 8 2024

Potential of Indian P&I club continues to gain traction as the nation aims to grow and protect its shipping industry.

MGA Ai Marine Risk launches with B.P. Marsh backing

January 8 2024

Founded by marine insurance experts Tom Fulford-Smith and Charles D'Alton, the MGA aims to build a global portfolio with a focus on the UK, Europe, APAC, and the Middle East.

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