Non-life

Australian Government to introduce financial sector regulatory initiatives grid

March 11 2024

New regulatory initiative aims to streamline financial sector, including insurance, enhance business operations and reduce compliance costs.

berkley-insurance-asia-rings-in-strategic-changes-as-heidi-zeng-promoted-to-new-head-of-cyber-role

Berkley Insurance Asia rings in strategic promotions as Heidi Zeng appointed to newly created Head of Cyber role

March 11 2024

Owen Yin (pictured middle) appointed as Regional Director for China, taking over responsibilities previously held by Zeng (pictured left), while Jack Zhao (pictured right) will be promoted to the role...

hong-kong-general-insurance-market-set-to-grow-to-hk85-6bn-in-2028-driven-by-economic-recovery

Hong Kong general insurance industry set to grow to HK$85.6bn in 2028, driven by economic recovery

March 11 2024

Economic recovery and increased demand for health and liability set to create 6.3% CAGR to HK$85.6bn (US$10.95bn) in 2028.

AXA XL appoints Zoe Xie as Underwriting Manager, Property in Singapore

March 11 2024

Xie is promoted to the leadership position from her role as Client and Distribution Leader, Asia.

fwd-group-secures-majority-ownership-in-fwd-takaful-berhad-with-21-share-acquisition

FWD Group secures majority ownership in FWD Takaful with 21% share acquisition

March 11 2024

FWD Group's strategic investment boosts ownership of FWD Takaful Berhad to 70%, as insurer moves to strengthen its position in the Malaysian market.

Insurtech Sunday acquires 99% stake in Indonesian general insurer PT KSK

March 11 2024

Sunday's annual revenue set to surpass US$100m following acquisition.

ACKO General Insurance appoints Animesh Das as CEO

March 8 2024

Leadership shift sees Das promoted to CEO to replace Sanjeev Srinivasan, who has moved to a board role at parent company ACKO Technologies.

Australian MGA Criterion Underwriting expands to New Zealand

March 8 2024

Criterion expands from Australia, with a focus on waste and recycling segments and other hard to place risks.

insurance-council-of-australia-labels-victorias-valentines-day-storms-a-significant-event

Insurance claims from Victoria's Valentine's Day storms top AU$100m

March 8 2024

Victoria's 14 Feb severe storms trigger nearly 20,000 claims worth AU$104m (US$69m), says ICA.

ICAC charges ex-Insurance Authority director over coercive hiring allegations

March 8 2024

Hong Kong's corruption watchdog charges Hui Mei-ying and daughter-in-law with misconduct in Prudential hiring case, with both granted bail.

New FSC rule eases overseas capital raising for Taiwanese insurers

March 8 2024

Insurers will be able to tap into global bond markets through SPVs, diversifying funding sources with TW-ICS implementation looming.

Australian businesses report increased satisfaction with brokers: Vero survey

March 7 2024

Concerns over natural catastrophes are also on the rise.

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25 September