Non-life

IAG's ratings upgraded after S&P applies new risk-based capital criteria

December 18 2023

Ratings upgraded with stable outlook after S&P assesses IAG's entities to have stronger capital adequacy under new criteria.

thailands-smk-ordered-by-regulator-to-stop-taking-on-new-applicants

Thailand regulator orders SMK to stop taking new policyholders

December 18 2023

The non-life insurer had applied for bankruptcy protection in May 2022 following significant COVID-19 losses.

Hong Kong: Swiss Re set to acquire EC policies from liquidated Target Insurance

December 15 2023

Insurance Authority announces transfer of 27 employees' compensation and four contract-all-risk policies, pending final approval.

onedegree-receives-funding-from-dubai-insurance-expands-digital-asset-product-to-uae

Series B boost for OneDegree as insurtech expands digital asset offering in UAE

December 15 2023

Dubai Insurance invests in Hong Kong insurtech against backdrop of increasing regulatory scrutiny on digital assets.

China encourages foreign maritime insurers to enter domestic market

December 15 2023

China sets its sights on enhancing its marine insurance sector by 2035, aiming to rival established centres like London and Singapore, while bolstering shipping finance and legal services.

High Court sanctions major class action against New Zealand's Earthquake Commission

December 15 2023

Class action challenges EQC's 2011 quake settlements, with potential to become one of New Zealand’s most expensive.

axis-capital-to-launch-new-lloyds-syndicate-for-energy-transition

AXIS Capital to launch Lloyd's Syndicate for energy transition

December 15 2023

Energy Resilience Syndicate 2050 aims to launch in April 2024, providing capacity across the lifecycle of new energy projects.

China Aircraft Leasing receives US$24m insurance settlement for stranded Russian aircraft

December 14 2023

Settlement from Russian state-owned insurer NSK follows similar agreements with other aircraft leasing firms.

Hong Kong consumer watchdog calls for improved online practices from virtual insurers

December 14 2023

Study reveals data privacy practices and user experience as areas of improvement.

SCA publishes best practice guide for strata insurance

December 14 2023

The Strata Community Association introduces three-step guide for strata insurance disclosures.

am-best-confirms-provident-insurance-corporation-limited-ratings-outlook-positive

Positive outlook for NZ's Provident Insurance following technology investment

December 14 2023

AM Best affirms credit ratings for the motor insurer and maintains its positive outlook.

Asia asset intensive reinsurance market set to expand

December 14 2023

Market poised for growth, driven by increased global interest and regulatory shifts in solvency and accounting standards.

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