Non-life

Houthi rebels attack Singapore-flagged LOBIVIA in Gulf of Aden

July 22 2024

Vessel and crew are safe, but ongoing Houthi assaults are disrupting the maritime industry and keeping war risk insurance rates high.

Aussie insurance delegation heads to Washington and California to explore nat cat solutions

July 21 2024

Senior insurance executives and officials to visit the US and discuss solutions for natural catastrophe risks and protection gaps.

'Shadow fleet' vessel collides with Singapore-flagged tanker, Hafnia Nile

July 20 2024

Collision will again spark discussion about insurance implications of the growing shadow fleet.

am-best-affirms-ratings-of-picc-hong-kong

PICC HK returns to profitability in 2023 driven by profitable inward business and investments

July 20 2024

AM Best affirms ratings, highlighting impact of expanded inward business and strong income from diversified investments.

insurers-facing-claims-surge-after-crowdstrike-software-update-causes-global-tech-outage

Insurers brace for surge of claims after antivirus update causes "largest IT outage in history"

July 19 2024

Economic losses could run into the tens of billions, with claims set to trigger across multiple lines of business, notably BI, cyber, and travel.

Agile lures Aon's Rowan as Group Risk and Compliance officer

July 19 2024

Matthew Rowan joins from Aon where he was Chief Compliance Officer.

fitch-downgrades-china-huanong-p-and-c-rating-on-thin-capital-buffers-and-investment-losses

Fitch downgrades China Huanong P&C on thin capital buffers and capital-raising uncertainty

July 19 2024

Insurer seeing rapid growth but is experiencing declining capital buffers, challenges in fundraising, and falling investment returns.

indonesia-looks-set-to-mandate-third-party-liability-motor-insurance-from-january-2025

Indonesia set to mandate third-party liability motor insurance from January 2025

July 19 2024

Move has been much anticipated by the insurance industry, but presents greater risks alongside the increased opportunities.

Swiss Re: Nat Cat losses set to double over the next 10 years

July 19 2024

Geopolitical risk is also on the rise with the reinsurer warning that SRCC events are also more likely over the next 12 months.

Lockton expands Australian presence with new Adelaide office and appointment of two Client Directors

July 19 2024

Matthew Linke (pictured left) and Andrew Thornton (pictured right) both join the business in the role of Client Director, Corporate.

new-south-korean-law-sparks-surge-in-digital-asset-insurance-products

New law sparks surge in digital asset insurance products in South Korea

July 19 2024

Carriers rush products to meet demand as Virtual Asset Users Protection Act goes live, but face high risks due to volatility and complexities in the segment.

am-best-affirms-hyundai-marine-fires-ratings-amid-increased-medical-claims

Hyundai Marine & Fire’s ratings affirmed with rate hikes balancing increased medical claims

July 18 2024

Strategic rate increases, efforts to improve medical indemnity loss ratio underscores AM Best's stable 'A' IFS rating for Korean insurer.

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25 September