Non-life

AXA XL elevates Yannick Daucourt to Global CUO for Specialty Niche

June 28 2024

Daucourt has been serving as Chief Underwriting Officer, Specialty for APAC and Europe since October 2020.

federal-treasurer-approves-sales-of-suncorp-banking-arm-for-au4-9bn

Suncorp's AU$4.9bn sale of banking arm gets final nod from Federal Treasurer

June 28 2024

AU$4.9bn (US$3.25bn) deal will help Suncorp focus on insurance challenges like climate change and affordability, says Suncorp CEO.

Evidence mounts of Russia's shadow fleet expansion into LNG - report

June 28 2024

Indicators suggest Russia is expanding its shadow fleet, which will heighten existing concerns for insurers.

indian-retail-broking-market-heating-up-with-new-players-and-digitalisation

Indian broker market heating up with new players and digitalisation

June 28 2024

Industry is poised for major change within five years, said panellists at the Digital Insurance APAC 2024 conference in Hong Kong.

FWD Singapore agrees deal for motor insurance to be underwritten by Income - report

June 28 2024

Deal will see FWD act as agent, with customers likely to face 15 to 30% premium hikes.

insurers-urged-to-scrutinise-supply-chain-risks-amid-geopolitical-tensions

Lord Sedwill urges insurers to better understand supply chain risks amid rising geopolitical tensions

June 27 2024

“If you're thinking about the companies you insure... do [they] really understand their supply chains?" asked Lord Sedwill at Marsh's Rising Professionals’ Global Forum.

Woori to acquire Tongyang and ABL Life from China's Dajia Insurance Group - report

June 27 2024

US$2.2bn deal would see South Korean financial conglomerate pull out of other proposed acquisitions, including Lotte Insurance.

SBI General Insurance names Naveen Chandra Jha as MD and CEO

June 27 2024

Jha nominated by State Bank of India, SBI General's parent company.

Korean insurers to prioritise CSM-friendly products to help drive profitability: Fitch

June 26 2024

Profits to stabilise following full implementation of IFRS 17, so insurers likely to prioritise protection-type and long-term products.

HDI Global's Clara Malcolm relocates to Japan as Senior Underwriter for Liability and Specialty

June 26 2024

Malcolm has been with the business since 2017 and relocates permanently to Japan following a six-month secondment in the country.

zurich-agrees-deal-to-acquire-aigs-global-travel-insurance-business-for-us600m

Zurich agrees deal to acquire AIG’s global personal travel insurance business for US$600m

June 26 2024

Transaction is expected to close by year-end, with enlarged Cover-More Group projected to generate GWP of US$2bn annually.

nsw-announces-strata-reforms-including-tightening-of-commission-for-insurance-agents

NSW announces strata reforms, including tightening of commission rules for insurance agents

June 26 2024

Reforms follow investigation into excessive brokerage fees charged by Nestrata.

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