Non-life

Generali bullish on China life prospects despite low rate risks

February 3 2025

CEO Giulio Terzariol says demographics mean the long term prospects for the firm’s Chinese life and general insurance businesses are good.

heavy-rainfall-floods-prompts-evacuations-in-north-queensland

Heavy rainfall, flooding prompts evacuations in North Queensland

February 3 2025

The Insurance Council of Australia on Sunday declared the North Queensland floods a ‘significant event’.

steadfast-group-merges-network-insurance-group-and-insurance-house

Steadfast Group combines Network Insurance Group and Insurance House

January 31 2025

Group's two largest brokerages merge, with Andrew Broughton named as CEO.

IRDAI caps senior citizen health insurance rate hikes at 10%

January 31 2025

The move follows the regulator’s decision to abolish the age cap of 65 years for purchasing health insurance.

Front Re elevates Rizal Zakaria to CEO

January 31 2025

Zakaria brings extensive experience from global (re)insurers.

Watchdog urges ACIL to name insurer penalised for claims code breach

January 31 2025

“Consumers and industry stakeholders deserve to know when an insurer has failed to meet its obligations,” says Chair of Australian Consumers Insurance Lobby.

vanessa-teo-promoted-to-deputy-ceo-at-great-americans-singapore-branch

Vanessa Teo promoted to Deputy CEO of Great American's Singapore branch

January 31 2025

Teo has been a key member of the Singapore team since the branch's establishment in 2014.

IAG to release AU$200m from BI provision as class action ends

January 31 2025

Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.

Reinsurers set to cover at least 30% of LA Wildfire insurance losses: Moody's

January 31 2025

However losses borne by reinsurers will be less than in previous years due to "significant increase" in attachment points since 2023.

IRDAI grants Niva Bupa extension to meet expenses of management limit: Report

January 30 2025

Regulator gives insurer until FY26 to meet new requirements.

Cambodia’s insurance industry sees 3.5% gross premium growth in 2024

January 30 2025

Premiums grow but gross claims incurred surge, according to data from the Insurance Regulator of Cambodia.

Fitch affirms ratings of NZ’s First Insurance as portfolio transfer looms

January 30 2025

Insurance portfolio set to be transferred to Provident Insurance and Pinnacle Life by end-March.

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