Non-life

AM Best revises outlook for PICC HK to 'Positive' on diversified business, capital strength

July 21 2025

The insurer achieved a 65% growth in GWPs from 2020 to 2024.

David Wang joins Starr Insurance as Head of Financial Lines for APAC

July 21 2025

He moves after nearly 15 years with Zurich Insurance.

tonga-eyes-expanded-pcric-disaster-cover-with-us1m-premium-plan

Tonga makes commitment to expand parametric cover with PCRIC

July 21 2025

Proposed renewal would broaden Tonga’s parametric insurance to include drought for the first time.

accc-delays-decision-on-iags-proposed-rac-underwriting-takeover

ACCC delays decision on IAG’s proposed takeover of RAC underwriting operations

July 21 2025

The competition watchdog has set 2 October as the new provisional release date for its findings.

Allianz, Jio Financial announce 50:50 reinsurance joint venture in India

July 19 2025

Businesses also signed a non-binding agreement to explore further JV opportunities in India’s life and general insurance markets.

arag-se-exits-australia-amid-unmet-business-expectations

ARAG exits Australia as business expectations fall short

July 18 2025

The company had been operating as an MGA in the country.

Suncorp expands disaster response with new regional hub in Townsville

July 18 2025

Suncorp CEO Steve Johnston says the new facilities will improve the company’s ability to aid customers affected by extreme weather in the region.

seadrif-gallagher-re-partner-on-milestone-renewal-in-lao-pdr

SEADRIF, Gallagher Re partner on 'milestone' multi-peril parametric policy for Lao PDR

July 18 2025

Renewal expands coverage beyond flood and marks one of the first times government-reported human impact data serves as the trigger for payouts.

chinese-regulator-requires-unified-reporting-and-sales-in-non-auto-insurance

China's NFRA proposes unified reporting and sales rules for non-life insurers

July 18 2025

The new standard would require insurers to sell products at prices that match pricing and expense assumptions filed with regulators, but exclude specified lines such as motor and agriculture.

Allianz Trade promotes Ivy Wanda Sthefvanie to Commercial Manager in Indonesia

July 17 2025

She has been with the company for almost seven years, most recently as an account manager.

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