Non-life – (Re)in Asia

Non-life

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.

SCOR promotes Jisun Park to Senior Underwriter, Head of APAC, Alternative Solutions

April 5 2024

Park joined SCOR in 2018 and is promoted from his role as Senior Treaty Underwriter & APAC AS Coordinator

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