Non-life

aa-insurance-new-zealand-fined-nz6-175m-due-to-discount-failures

IAG NZ faces FMA civil action over systemic pricing and discount failures

April 4 2025

The regulator alleges IAG breached fair dealing provisions under the FMCA, resulting in overcharges of around NZ$35m (US$20m).

Insurtech Novidea appoints Oren Leshem as VP of Sales for APAC and MENA

April 4 2025

Leshem expands remit, with Novidea eyeing growth across the regions.

cmb-wing-lung-insurance-maintains-strong-performance-with-high-single-digit-roe-in-2024-am-best

CMB Wing Lung Insurance maintains strong performance, targets marine growth: AM Best

April 4 2025

Rating agency maintains insurer's financial strength rating at A (Excellent).

QBE and Leading Cities launch 2025 Resilience Challenge

April 4 2025

The programme offers a US$100,000 grant for a city-based pilot project by a selected start-up.

axa-working-to-develop-sustainability-linked-insurance-product-to-incentivise-climate-resilience

AXA, Marsh pilot sustainability-linked insurance product to incentivise climate resilience

April 4 2025

New white paper from AXA, Marsh, and Link AM urges more climate resilience and climate mitigation in underwriting models.

Sompo hires Sherlyn Kok Meili as Head of Compliance for APAC

April 4 2025

She joins from JPMorganChase.

Swiss Re creates dedicated global fac unit

April 3 2025

Sanaa Souidi named as head of the global newly established facultative division.

Chubb launches expanded life sciences insurance offering

April 3 2025

The Premier Life Science policy provides coverage across multiple lines of business to life sciences companies in Singapore, Australia, Hong Kong, and Korea.

Malaysia: Insurers expedite claims, waive requirements after Putra Heights explosion

April 3 2025

The blaze caused by a gas pipeline rupture engulfed a 500-metre stretch, injuring over 300 people.

Allianz says Thailand’s Nat Cat risk steady, but climate change may ‘reshape’ risk assessment: Report

April 3 2025

However climate change is likely to raise Thailand’s exposure to floods and windstorms, says CEO.

absence-of-strong-data-privacy-laws-slows-development-of-hong-kongs-cyber-insurance-market

Absence of strong data privacy laws slowing development of Hong Kong's cyber insurance market

April 3 2025

Lack of mandatory breach reporting limits data available for underwriters to price risk.

Myanmar earthquake to spark risk reassessment in cities far from fault lines: Moody's

April 3 2025

Earthquake caused the collapse of an under-construction building in Bangkok, 1,000km away from epicentre.

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