4.97bn rupee (approx. US$53.5m) scheme sees India joins a growing list of governments mobilising state-backed insurance support in response to conflict.
The French insurer's decision to wind down its Taiwan branch comes following five years of losses, a failure to scale its business, despite capital support from its parent.
Sunshine Insurance Group’s 2025 results were led by strong growth in life insurance, with the group also shifting its P&C portfolio further toward non-motor lines.
The insurance sector faces the potential for added pressure amid ongoing claims from recent NT and QLD floods, both states which could be impacted by Narelle.
India's long-delayed plans for a domestic P&I club have gained fresh urgency as the Strait of Hormuz blockade disrupts the country's energy cargo flows.
While bancassurance new business profit powered Prudential's FY2025 growth, the group has flagged transforming the agency channel as its "number one priority".
