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LIC eyes strategic investment in fintech to fuel digital expansion

June 4 2026

Following a robust FY2026, LIC moves to modernise its IT systems through targeted investments in fintech and insurtech players.

Former SEBI board member Ashwani Bhatia named chairman of Niva Bupa

June 4 2026

He succeeds Milind Barve, who has stepped down from the health insurer's board due to health reasons.

Victoria drives rise in Australia's motor theft claims as insurance losses hit A$243m

June 4 2026

National theft claims would have fallen 10% in 2025 without Victoria's surge, ICA data shows.

Allianz Trade hires Ricky Hung as Hong Kong head of distribution

June 4 2026

He joins after over nine years at HSBC.

MSAD to cut domestic bases to 240 ahead of 2027 Mitsui SumitomoAioi merger

Mitsui Sumitomo–Aioi merger targets US$1.75bn profit by FY2030

June 4 2026

The merged Mitsui Sumitomo-Aioi Nissay Dowa entity will to lean into cost reduction and scale data capabilities to drive profits.

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Munich Re appoints Petrovic and Roman to lead cyber units across Asia-Pacific and Africa

June 4 2026

Petrovic starts the role with immediate effect and will relocate to Singapore in August, while Roman will assume her position in July.

FWD names Jeffrey Woo president director of Indonesia business

June 4 2026

He has been with the firm for over five years.

Aon strengthens Indonesia power practice with Herlina Surya hire

June 4 2026

Former Marsh executive joins as strategic advisor for power amid growing infrastructure and energy sector demand.

Hong Kong new life sales jump in 2025 as HSBC retains lead, rivals narrow gap

June 4 2026

Direct new individual business premiums rose 50.7%, while policy numbers grew 10.5%.

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Markel launches fine art and specie unit in Australia, hires Stock to lead

June 4 2026

Sydney-based Matthew Stock brings three decades of underwriting experience to the new unit.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

June 4 2026

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

chubb-names-mcgregor-and-forman-to-lead-property-and-casualty-units-within-overseas-division

Chubb Singapore attains Tier 1 insurer status under MAS framework

June 4 2026

The classification solidifies Chubb Singapore’s position in the domestic market as a large-scale commercial insurer.

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