Taiwan’s Nan Shan Life awarded ‘Strong’ IFS rating from Fitch
Taiwan’s third largest life insurer is strategically pivoting towards health and protection products.
Marsh to acquire Melbourne-headquartered Honan Insurance Group
The deal is believed to value Honan at AU$700m (US$448m) and is set to be finalised in 2023, pending regulatory approval.
New Zealand-based DPL receives outlook upgrade following combined ratio improvement
AM Best revised DPL’s outlook from stable to positive, after the motor and life insurer’s combined ratio improved to 77.4% in 2023.
Insurers innovate to serve China’s ageing population, but now face regulatory challenges
Chinese insurers have spent over US$10bn building retirement communities, but new draft rules could see some excluded from the insurance-plus-service sector.
Government policy change boosts Asahi Life’s underwriting profitability
The Japanese life insurer’s underwriting profitability is set to bounce back from FYE 2024, contributing to Fitch Ratings maintaining their ‘A-‘ Insurer Financial Strength rating.
Vasan Errakiah to lead Pacific Life Re’s growth in newly created GM, Asia role
In a strategic move to bolster its Asian market operations, Pacific Life Re announces the appointment of Vasan Errakiah as General Manager, Asia Markets.
Global: Insurance sports sponsorship tops US$1bn in 2023, led by AIA
A surge in a volume of sponsorship deals has pushed the insurance sector’s spending on sports sponsorships past US$1bn, with a notable increase in football partnerships, reports GlobalData.
Hong Kong regulator appoints advisors for Tahoe Life
Hong Kong’s Insurance Authority said the appointment of PWC representatives as Advisors was made to support Tahoe Life and protect the interests of the insurer’s policy holders.
EastWest Ageas seeking more ESG investments: report
The Philippines-based insurer is actively seeking to incorporate more sustainable investments into its portfolio, it’s COO told Asian Investor.
Taiwan regulator seeks urgent anaylsis from life insurers regarding Chinese investments: report
The Insurance Bureau has requested urgent updates on life insurer’s positions and risk assessments related to the turmoil in China’s financial markets.
