Non-life

dual-asset-anz-continues-title-insurance-build-out-with-new-role-for-ed-birrell

DUAL Asset ANZ continues build out with new role for Ed Birrell

May 30 2024

Birrell will relocate to Sydney from the DUAL Asset team in London, where he was serving as Head of UK M&A.

koreas-fss-uncovers-broker-led-insurance-fraud-ring

Korean regulator unearths broker-led insurance fraud ring

May 30 2024

Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.

unions-ratings-affirmed-amid-growth-in-commercial-and-non-motor-personal-lines

Union's ratings affirmed amid growth driven by commercial and non-motor personal lines

May 29 2024

AM Best affirms ratings as Taiwanese insurer moves forward from pandemic-related losses.

Australian Consumers Insurance Lobby calls for reforms to GI Code of Conduct

May 29 2024

ACIL proposes 52 recommendations to Code of Conduct, aiming to close loopholes and improve consumer protections in light of increasing disputes.

IAG hit with class action for alleged loyalty discount deception

May 29 2024

Insurer to defend against Slater and Gordon class action over alleged misleading loyalty discounts on home and contents policies by IAG subsidiaries.

AXA XL appoints Julie Morgan as Head of Claims, Australia

May 29 2024

Morgan succeeds Julijana Sumner, who was promoted to Chief Claims Officer for APAC & Europe in late 2023.

AM Best upgrades Philippines non-life Outlook, but reinsurance risks persist

May 29 2024

'Stable' outlook driven by economic improvements and regulatory advancements, but concerns about higher risk retention and lack of agricultural reinsurance remain.

ocbc-bids-s1-4bn-to-take-great-eastern-private

Minority shareholders of Great Eastern challenge OCBC’s takeover bid - report

May 29 2024

Shareholders oppose OCBC's S$1.4 billion (US$1bn) takeover bid to delist the stock, arguing the offer undervalues the insurer's future potential.

Cyclone Remal devastates coastal regions of Bangladesh and India

May 28 2024

Cyclone Remal leaves at least 26 dead with significant property damage and power outages affecting millions.

LIC eyeing entry into health insurance market

May 28 2024

Amid the potential for composite insurance licences, LIC is considering acquisitions to enter the health insurance market.

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