Non-life

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.

indias-non-life-providers-notch-three-quarters-of-solid-growth

India’s non-life insurers notch three quarters of solid growth

February 23 2024

Major segments thrived, while smaller lines of business like marine and liability faced challenges.

Tokio Marine & Nichido's ratings affirmed as rate adjustments improve COR

February 22 2024

Fitch expects nat cat premium rate adjustments to bolster underwriting profitability in the coming years.

irdai-proposes-new-collateral-requirements-for-cross-border-reinsurance-deals

Indian cedents likely to face new collateral requirements for cross-border reinsurance transactions

February 22 2024

IRDAI issues draft guidelines mandating new collateral requirements from FY 2025-26.

Western Australia braces for ex-tropical cyclone Lincoln's return

February 21 2024

The cyclone is set to reintensify, after previously causing extensive rainfall in the NT, and is part of a series of weather challenges facing Australia.

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