Life and Health

allianz-makes-offer-to-acquire-majority-stake-in-singapores-income-insurance

Allianz makes offer to acquire 51% stake in Singapore's Income Insurance

July 17 2024

Allianz announces pre-conditional voluntary cash offer to acquire at least 51% of Income Insurance, valuing transaction at SGD 2.2bn (US$1.64bn).

gic-re-adopts-sap-fioneer-to-comply-with-impending-ifrs-17-standards

GIC Re adopts SAP Fioneer solution ahead of IFRS 17 rollout

July 17 2024

Full implementation of new accounting standard is set for April 2025.

Taiwan unveils draft AI law as it looks to regulate insurance and other sectors

July 17 2024

The proposed law looks to establish clear guidelines for use and accountability of AI, amid wider concerns that APAC insurers could be lagging behind the technology.

IRDAI may adopt risk-based supervision model for insurance sector - report

July 16 2024

At HDFC Life's AGM, Chairman Keki Mistry suggested the regulator might consider adopting the model.

peak-re-elevates-david-menezes-to-chief-risk-officer

David Menezes promoted to Chief Risk Officer at Peak Re

July 15 2024

Menezes joined the reinsurer in 2016 and has been serving as Deputy CRO since September 2022.

Steadfast and AUB enter AM Best’s top 20 global insurance brokers

July 15 2024

The two Australian brokers debut in 17th and 18th by revenue in 2024 rankings, while Gallagher leapfrogs WTW into third.

ocbcs-increases-stake-in-great-eastern-to-93-52-at-close-of-offer

OCBC increases stake in Great Eastern to 93.52% at close of general offer

July 13 2024

Stake below 98.87% threshold for compulsory acquisition, but OCBC said it will not take steps to maintain public listing if free float requirements are unmet.