Evergrande Life Insurance's business, assets, and liabilities are transferred to new, state-owned entity, Haigang Life Insurance, in a move widely seen as being part of liquidation efforts.
Fitch Ratings affirms 'A+' rating for PICC Life Insurance, attributing it to the company's growth, solvency, and strong ownership ties with China's Ministry of Finance.
Despite the increasing frequency of extreme weather events, insurance coverage for Nat Cats remains low at around 10% of economic losses, posing challenges for insurers and highlighting the need for proactive...
Sedgwick's new framework aims to equip seeks to equip its Australian property loss adjusters with advanced tools and knowledge to improve the claims process.
COSCO SHIPPING Captive Insurance has ratings affirmed, benefiting from strong support from its parent company and having registered net profits annually since inception.
Hotai has been upgraded to a stable and positive outlook, reflecting the company's successful mitigation efforts and supported by capital injection from parent firm Ho Tai Motor.
Despite a spike in nat cat losses and financial market volatility, APAC reinsurers saw a 8.1% increase in new written P&C premiums in 2022 and are expected to have further growth.
