Non-life

Data issues challenge the growth of voluntary carbon market insurance

February 28 2024

Gross written premiums for VCM insurance could hit US$1bn by 2030 and up to US$30bn annually by 2050.

sp-global-affirms-tokio-marine-insurance-singapores-ratings-following-revised-rbc-criteria

S&P affirms Tokio Marine Insurance Singapore's ratings following revised RBC criteria

February 28 2024

Stable outlook remains as S&P highlights its key role within Tokio Marine Group and disciplined underwriting.

Crawford strengthens Malaysian presence with appointment of Wong Tai Onn

February 27 2024

Wong joins Crawford & Co as Head of Region for Johor and Malacca.

prashant-grover-appointed-allianz-insurance-lanka-ceo-and-country-manager

Prashant Grover appointed as Allianz Insurance Lanka CEO

February 27 2024

Grover started with Allianz in 2007 and is promoted from his role as Regional Lead of Business Transformation.

Singapore braces for surge in cyber insurance as prices stabilise

February 27 2024

Tighter rules for data centres may incentivise greater uptake of cyber cover.

allianz-asia-pacific-reports-33-growth-in-operating-profit

Allianz Asia Pacific reports 33% operating profit growth in 2023

February 26 2024

Allianz APAC's Life & Health business saw operating profits grow 35%, while P&C business grew 26%.

Markel strengthens Cyber team with appointment of Ng Yao Hua in Singapore

February 26 2024

Ng joins the Markel team as Cyber Security Analyst.

IRDAI maintains obligatory cession rate at 4% for 2024-25

February 25 2024

Insurers to continue ceding 4% of GI business to GIC Re, excluding terrorism and nuclear pool premiums.

Zurich opts for 70% upfront stake purchase of Kotak General

February 23 2024

Kotak Mahindra Bank announced Zurich's revised plan to acquire 70% stake in single transaction, altering the initial phased acquisition strategy.

zurich-asia-pacifics-operating-profit-surge-18-to-record-us565-million

Zurich Asia Pacific’s operating profits surge 18% to record US$565 million

February 23 2024

APAC P&C gross written premiums up 11%, while life insurance business surge 88%.

am-best-affirms-energass-ratings-but-negative-rating-maintained

AM Best affirms Energas's ratings, but negative outlook maintained for captive

February 23 2024

AM Best spotlights underwriting volatility, increase in large loss frequency, and reinsurance reliance in latest ratings note.

nsw-launches-first-state-disaster-mitigation-plan-to-combat-rising-nat-cat-costs

NSW launches Australia's first State Disaster Mitigation Plan to help combat rising nat cat costs

February 23 2024

Plan promises a proactive approach to disaster risk reduction including improved early warning systems and reviews of building codes and insurance levy arrangements.

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