China Life’s operating profit jumped 55% to 186.12bn yuan (US$27.31bn) in 2025, while New China Life and Ping An posted gains of 29% and 11%, respectively.
The vehicle will support business from the firm’s Portfolio Solutions team, which targets opportunities from its MS&AD network and Lloyd’s initiatives.
The global initiative delivered over 100,000 volunteer hours in 2025, combining financial aid, co-funding, and Generali employee skills to support partner NGOs.
The facility, which aims to provide coverage of US$500m each for hull war and cargo war, will be backed by Lloyd's syndicates and will remain open to third-party capital.
The inclusion of three new Russian protection and indemnity insurers, alongside approval extensions for four others, comes amid continued disruption across global shipping routes.
