News

am-best-revises-outlook-for-asian-re-to-positive-after-improvements-in-combined-ratio

AM Best improves Asian Re's future outlook to 'positive' after improvement in combined ratio

June 19 2023

The APAC reinsurer improved its CR to 103.3% in 2022, from 107.4% the year prior.

fwd-and-livi-launch-bancassurance-pet-care-partnership-in-hong-kong

FWD and livi launch bancassurance pet insurance partnership in Hong Kong

June 17 2023

FWD and livi continue to strengthen their bancassurance partnership with the launch of Pet Care.

irdai-asks-for-claims-related-to-cyclone-biparjoy-to-be-settled-quickly

IRDAI calls for speedy settlement of Cyclone Biparjoy claims

June 17 2023

Insurers urged to help financial burden of those affected by expected widespread damage.

Lexasure looks to partner with Qornerstone to offer embedded proptech solutions in Singapore and Malaysia

June 16 2023

Insurance products being pursued under the agreement include home, auto, and public liability insurance.

fitch-downgrades-outlook-of-fwd-gis-financial-rating-to-stable-after-registering-cr-of-106-1

Fitch downgrades outlook of FWD GI's financial rating after 2022 combined ratio of 106%

June 16 2023

Fitch revises outlook from positive to stable due to upcoming IT investments and off the back of weakened underwriting performance.

fitch-affirms-a-rating-for-chinas-tk-cn-insurance-after-combined-ratio-improves-to-92

Fitch maintains A- rating for China’s Tk.cn Insurance after combined ratio improves to 92% in 2022

June 16 2023

Tk.cn's combined ratio improved considerably from 121% in 2021, however Fitch expects the Chinese insurer's capitalisation to decline this year as its insurance portfolio expands.

Global news: Generali acquires Liberty Seguros for US$2.5bn

June 16 2023

The acquisition includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal and Spain, which have a focus on personal lines and small commercial insurance business

Further rule changes being considered to increase insurance penetration: IRDAI Chairman

June 15 2023

Debasish Panda told Bloomberg that the IRDAI is looking into further law amendments including capital requirements, registrations, and value-added services.

bolttech-partners-with-taiwan-mobile-to-offer-insurance-products-underwritten-by-fubon

Bolttech and Taiwan Mobile launch insurance partnership underwritten by Fubon

June 15 2023

The partnership beings with travel insurance but is expected to expand to cyber, auto, and personal injury in future.

iag-expects-to-exceed-perils-allowance-for-the-seventh-time-in-eight-years

IAG expects perils cost to hit AU$2.9bn (US$1.99bn) and exceed perils allowance for the seventh time in eight years

June 15 2023

At its Investor Day, IAG executives revealed rate hikes, expected perils costs, and expected business achievement for 2023.

report-pe-firm-ta-associates-exploring-sale-of-australian-broker-honan

Report: PE firm TA Associates exploring sale of stake in Australian broker Honan

June 15 2023

Discussions are in early stages, but it's understood investment funds and other industry players are interested in a deal which would value Honan at between US$300m-$400m.

fitch-affirms-lloyds-and-lloyds-china-ifs-rating-at-aa-despite-2022-loss-and-environmental-exposure

Fitch affirms Lloyd’s and Lloyd's China IFS rating at 'AA-' despite US$1bn loss and Nat Cat exposure

June 15 2023

The (re)insurance marketplace recorded a 91.9% combined ratio in 2022 but was hit by valuation losses in its bond portfolio.

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