Non-life

Hong Kong's CMB Wing Lung Insurance has ratings affirmed amid strategic shifts

April 9 2024

AM Best affirms 'Excellent' ratings, following 2022 insurance portfolio acquisition and 2023 capital injection.

Scott Reichelt rejoins Crawford as President for Asia

April 9 2024

Reichelt returns to the business he served for a decade between 2010 and 2020.

floods-continue-to-reign-as-asias-top-nat-cat-peril

Floods continue to reign as Asia Pac's top nat cat peril

April 9 2024

Floods were again Asia Pacific's costliest natural catastrophe in 2023, as global protection gap continues to widen.

zurich-insurance-group-to-halt-underwriting-new-oil-and-gas-projects-report

Zurich to stop underwriting new oil and gas projects - report

April 8 2024

Zurich tells Bloomberg it will stop underwriting new oil and gas projects to better align with its 2050 net-zero emissions goal.

tech-and-product-innovation-fuels-private-insurers-rise-in-indian-motor-segment-globaldata

Tech and product innovation fueling private insurers' rise in Indian motor segment

April 8 2024

India's motor insurance landscape seeing dynamic shift, says GlobalData.

HK IA imposes three-year ban on agent for misappropriation of premiums

April 8 2024

Insurance Authority imposes three year ban on former agent for misappropriating premiums from a policyholder he had known since secondary school.

Lockton Thailand appoints Suradee Malaiarisoon as CEO, Julio Camanag as Deputy CEO

April 8 2024

Malaiarisoon (pictured left) has been with Lockton for 30 years and Camanag (pictured right) has been with the independent (re)insurance broker for a decade.

Taiwan's property insurers poised to maintain stability despite early industry loss estimates up to US$8bn

April 8 2024

Early loss estimates vary from hundreds of millions up to US$8bn, but industry should be well positioned to absorb impact.

Sydney hit with severe flooding as torrential rains prompt evacuations and rescues

April 7 2024

Torrential downpours in NSW lead to overflowing dams, hundreds evacuated, and government announcement of a disaster recovery package.

samsung-fire-amp-marine-exits-bancassurance-business

Samsung Fire & Marine exits bancassurance business

April 6 2024

Insurer ends 21-year bancassurance operations amid sales decline, rising interest rates, and regulatory changes.

Australian government to correct legislation that eliminates broker commissions - report

April 6 2024

Financial Services Minister pledges swift action on recently proposed legislation, which would have inadvertently made commission payments illegal.

allianz-partners-because-first-foreign-reinsurer-to-set-up-operations-in-indias-gift-city

Allianz Partners becomes first foreign reinsurer to operate in India's GIFT City

April 5 2024

Establishment of reinsurance branch in GIFT City aligns with the IRDAI's efforts to increase reinsurance capacity in the country.

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