News

Zurich-APACs-1H-results-show-43-rise-in-life-and-savings-15-increase-in-PC-premiums

Zurich APAC's 1H results show premium increases of 43% in life and savings and 15% for P&C premiums

August 10 2023

A surge in premiums and new retail customers marks a strong first half for Zurich APAC, with the Japanese life business performing particularly well.

Ami Barlev steps in as Interim CEO at Vesttoo in an attempt to avert crisis and lead recovery

August 10 2023

Interim CEO signals that the company is determination to navigate through fraudulent collateral scandal.

Hydor AS sets sail with acquisition of MGA EF Marine

August 10 2023

The acquisition of the Singapore and Rotterdam-based MGA expands Hydor's capabilities in key maritime hubs.

psc-insurance-group-set-to-acquire-mga-ensurance-to-expand-financial-lines-presence-australia

PSC Insurance Group set to acquire MGA Ensurance, expand financial lines presence in Australia

August 10 2023

Broker PSC Insurance Group is set to acquire the speciality MGA in a deal valued at AU$25.2m or more.

suncorp-new-zealand-nat-cats-key-cause-of-30-profit-drop-in-year-ending-june-30-focus-on-recovery

Suncorp New Zealand: year-end P&C profits down 56%, focus on recovery

August 9 2023

Premiums to be impacted after insurer is hit hard by twin Feb Nat Cat events, increased reinsurance costs, and inflationary pressures.

chinas-regulator-urges-quick-insurance-claims-settlement-after-heavy-rains-cause-868m-in-damage-and-189100-claims-so-far

Regulator urges quick settlement of 189k insurance claims, after heavy rains cause $868m in damage in China

August 8 2023

Following heavy rain and typhoon damage, China's NFRA calls on insurers to fast-track settlements across the 16 disaster-effected regions.

India: Star Health and Allied Insurance sign off on bancassurance partnership with Standard Chartered

August 8 2023

The partnership aims to extend reach and cater to health and insurance needs of wealthy customers by leveraging the bank's extensive network.

consumer-advocacy-group-calls-for-standardisation-and-subsidies-in-australian-home-insurance-industry

Consumer advocacy group calls for T&C standardisation and subsidies for Australian home insurance Industry

August 8 2023

A new report, commissioned by CHOICE in conjunction with the Australian Climate Council, highlights the urgent need for insurance reform to protect consumers from being left underinsured and priced out...

sampp-affirms-china-life-overseas-resilient-a-rating-with-stable-outlook

S&P affirms China Life Overseas' a resilient "A" rating with stable outlook

August 7 2023

Despite challenges, China Life Insurance (Overseas) had its "A" rating affirmed amid anticipated continued capital support from its parent company.

el-nino-threatens-asia-pacs-renewable-energy-wtw

El Niño threatens Asia Pac's renewable energy: WTW

August 7 2023

WTW analysis warns that El Niño caused wind drought and severe storms could impact the region's renewable energy production.

am-best-retains-taiwans-fubon-insurances-under-review-status-amid-reinsurer-credit-risk

AM Best retains 'under review' status for Taiwan's Fubon Insurance amid reinsurance credit risk

August 7 2023

Fubon's financial strength rating is still excellent, though its 'under review' status remains despite a May capital injection.

South Korea: AM Best upgrades DBI's financial strength rating, with combined ratio outperforming peers

August 7 2023

DB Insurance’s solid balance sheet, prudent asset-liability management, and strong operating performance led to the ratings upgrade.

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