Non-life

fitch-affirms-zhonglu-pcs-rating-amid-insurer-efforts-to-grow-non-motor-lines

Fitch affirms Zhonglu P&C's rating as insurer eyes non-motor line growth

July 12 2024

Insurer looking to diversify portfolio, but cat exposure presents risks.

berkley-insurance-asia-promotes-hank-yeo-to-financial-lines-senior-underwriter

Berkley Insurance Asia promotes Hank Yeo to role of Financial Lines Senior Underwriter

July 12 2024

Singapore-based Yeo has been with the business since 2020.

Tokio Marine reportedly suffers data breach

July 12 2024

Attack on an outsourced firm's server may have compromised the personal data of 63,200 policyholders.

Everest promotes Harry Townsend to Chief Ceded Reinsurance Officer

July 12 2024

Townsend sees role elevation six months after joining Everest as Head of Ceded Reinsurance, International.

Insurance claims for June floods in southern China reach US$440m: NFRA

July 12 2024

Insurers have received 95,000 claims, with 1.1bn yuan (US$151m) in payments and pre-payments isssued so far, says regulator.

price-fixing-controversies-fail-to-hinder-profit-surge-for-japans-non-life-insurers

Japan's big 3 non-life insurers see FY23 profits surge despite year of probes and controversies

July 11 2024

Reduced cat losses, overseas performance contribute to profit results, but GIA Chairman says changes are needed on industry fundamentals.

Australian regulators issue final rules for Financial Accountability Regime

July 11 2024

ASIC and APRA release final update for the FAR, which is will go live for insurers from 15 March 2025.

SBI General welcomes Udayan Joshi as Chief Technical and Claims Officer

July 11 2024

Joshi joins after ten years with Liberty General Insurance.

sompo-taps-aigs-bill-zhang-as-president-consumer-lines-for-asia-pacific

Sompo taps AIG's Bill Zhang as President, Consumer Lines for APAC

July 11 2024

Zhang moves after 12 years with AIG and will relocate to Singapore for the new role.

Nine Asia Pac insurers to implement ICS framework by end of 2024

July 11 2024

Insurers including QBE, Tokio Marine, and Prudential will be subject to the new IAIS standard which will be applied in a two stage process starting in 2026.

cysurance-partners-with-sophos-and-howden-to-launch-cyber-insurance-down-under

Cysurance partners with Sophos and Howden to launch cyber product down under

July 11 2024

Backed by Lloyd's syndicate carriers, insurer launches its "inclusive and affordable" cyber products in Australia.

Bank Negara Malaysia launches framework for digital insurers and takaful operators

July 10 2024

Central bank publishes DITO framework and will lift cap of five licenses to advance digitalisation within the insurance sector.

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