Non-life

Insurance claims hit US$85m as heavy rain and floods ravage southern China

June 24 2024

Dozens of lives lost and hundreds of thousands affected, with NFRA reporting 18,400 insurance claims so far.

income-insurance-and-allianz-in-talks-over-potential-deal

S&P places Income Insurance's ratings on CreditWatch negative amid Allianz deal talks

June 24 2024

Material changes in shareholding structure could weaken support from the Singapore government.

chinas-life-insurers-can-learn-from-japans-low-yield-strategies-swiss-re-institute

China’s life insurers can heed lessons from Japan’s low-yield strategies: Swiss Re Institute

June 24 2024

Declining investment yields means China is facing challenges similar to those seen during Japan's "lost decades."

arpc-undergoing-premium-rates-review-for-cyclone-reinsurance-pool

ARPC undertaking premium rates review for Australia's Cyclone Reinsurance Pool

June 21 2024

Potential changes including strata mitigation discounts and updated multi-storey algorithm.

Tracy Lee Kus to relocate from Singapore to lead Aon's Global Broking Centre

June 21 2024

Kus, who has been serving as APAC Head of Commercial Risk Solutions, will relocate to the UK to take on new role.

MS First Capital appoints Vikas Shukla as CEO

June 21 2024

Shukla will succeed the late Ramaswamy Athappan.

Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch

June 21 2024

Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.

AM Best affirms Ansvar's ratings as key excess-of-loss and stop-loss programmes renewed

June 21 2024

AM Best affirmed A- IFS rating noting continued reinsurance support from owner EIO following years of PSA claims.

GIAJ reports US$350m in claims paid for Hyogo hail-fall

June 20 2024

As of 31 May, over 119,000 claims have been paid following the hail-fall.

Lockton Singapore appoints Lena Tsia as Chief Operating Officer

June 20 2024

Tsia to drive best practice across Lockton Singapore's business.

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