News

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IGI secures approval to open reinsurance branch in India's GIFT City

June 9 2026

The move adds IGI to a growing list of global (re)insurers at GIFT City, where gross written premiums nearly doubled to US$1.13bn in FY2026.

Aerial view of a flooded urban street with muddy water, cars and motorcycles navigating choked intersections, storefronts with large billboards nearby, and people wading through the water.

Thailand OIC presses insurers on group capital rules, disaster playbook at CEO roundtable

June 9 2026

The regulator also set a 2026 target to cut disputes and complaints by at least 15%.

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Tokio Marine CEO targets global expansion backed by Berkshire alliance

June 8 2026

The Berkshire Hathaway partnership will help the Japanese insurer pursue overseas deals and expand its solutions business, CEO says.

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ICICI Prudential Life faces US$1.7m GST demand over FY2024 filings

June 8 2026

The latest tax demand adds to the insurer’s growing exposure, marking the fifth such order issued since February this year.

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IRDAI hosts technical workshop to support Ind AS rollout

June 8 2026

Insurers have been urged to closely follow the monthly implementation roadmap and collaborate between finance and actuarial functions.

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LIC seeks more long-term investment instruments as annuity liabilities grow

June 8 2026

The insurer said it is engaging with IRDAI, RBI and SEBI as rising annuity inflows increase demand for long-duration assets.

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Magnitude 7.8 earthquake kills dozens in Philippines, triggers tsunami warnings

June 8 2026

The quake, the strongest to strike the Philippines this year, was centered at sea off Mindanao.

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PE-backed insurer Kiwi General debuts in India with motor product, adviser-led strategy

June 8 2026

Co-founded by former Tata AIG CEO Neelesh Garg, the Indian start-up is eyeing a broader product rollout, including commercial vehicle and group health offerings, in the coming months.

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Nippon Life taps Blackstone for US$9.3bn private credit investment strategy

June 8 2026

The companies will also engage in staff secondments and personnel exchanges to strengthen Nippon Life’s investment capabilities.

Allianz Partners to acquire nib's travel insurance business in Australia, New Zealand

June 5 2026

The agreement includes a twenty-year white-label partnership and the transfer of the Travel Insurance Direct brand.

ICA, ICNZ formalise resilience alliance as disaster costs rise

June 5 2026

The initiative creates a structured framework for collaboration on risk reduction, policy advocacy and regulatory matters.

emergence-takes-over-blue-zebra-cyber-renewals-from-july-as-the-portfolio-shifts-to-replacement-policies

Emergence Insurance acquires renewal rights to Blue Zebra cyber portfolio

June 5 2026

All Blue Zebra cyber policies will renew onto Emergence terms from 1 July 2026.

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