The partnership will develop comprehensive extended warranty insurance products for Chinese EV brands sold in Thailand as manufacturers seek more reliable after-sales and risk-transfer mechanisms.
AUB Group said its board viewed the A$45 per share offer as fair but confirmed talks ended after PE firms declined to make a binding offer at the proposed valuation.
Insurers in Asia-Pacific are increasing their use of risk-mitigation incentives and advanced analytics as natural catastrophe losses rise across the region.
Lockton has promoted Harssh Chhaajer to Power & Energy (PE) Growth Leader for Asia, while concurrently setting up a Regional Power & Energy Steering Committee (RPESC) as part of its growth strategy...