News

MS&AD secures US$200m for Tomoni Re 2024 catastrophe bond issuance in Singapore

April 2 2024

Two tranches provide subsidiaries Mitsui Sumitomo and Aioi Nissay Dowa with US$100M each of nat cat coverage.

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OneDegree launches 'technology-first' Cyber insurance product

April 1 2024

OneInfinity Cyber Insurance, is a departure from traditional 'cumbersome' approach to cyber underwriting, Insurtech says.

Singapore Maritime Authority confirms Dali passed inspections prior to Baltimore bridge incident

April 1 2024

MPA confirms the ship's compliance with all necessary safety protocols, including passing of two separate foreign port state inspections in June and September 2023.

IRDAI mandates electronic insurance policies from 1 April 2024

March 30 2024

E-policies become mandatory for policies with sums insured over 100 (US$1.20) rupees or premiums of at least 10 rupees.

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Japan P&I Club sees tonnage drop amid further rate rises in 1.4 renewals

March 30 2024

7.5% rate increase for ocean-going vessels and a 10% increase for Naiko Class mark consecutive hikes for fifth and third year respectively.

High Court rules US$10bn aircraft lessor-reinsurer dispute to proceed in London, not Moscow

March 30 2024

Aircraft lessors' claim against reinsurers to be heard in London to ensure trial fairness, rules Judge.

GIC completes majority stake acquisition of Miller

March 29 2024

Singapore's sovereign wealth fund becomes principal investor, as specialist (re)insurance broker looks to continue growth trajectory.

Marsh launches cyber-only group captive entity

March 29 2024

Bermuda-based, cyber-only captive is designed for organisations looking for more control and stability in their cyber insurance programs, Marsh said.

China expands government-supported nat cat coverage

March 29 2024

China widens its nat cat coverage, expanding scope, to include disasters like typhoons and floods, while doubling coverage.

Qoala raises US$47m in Series C, led by PayPal Ventures and MassMutual Ventures

March 29 2024

Round will enable insurtech to broaden B2B2C offerings, integrate AI, and explore new products and strategic acquisitions, Qoala said.

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