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IRDAI fines Policybazaar over disclosure, outsourcing, premium handling violations
August 6 2025
50m rupees (approx. US$570k) penalty follows a 2020 remote inspection and a five-year regulatory process that concluded with IRDAI’s final order in August 2025.
APRA hits KeyInvest with capital penalty over risk management failures
August 6 2025
The life insurer must also implement board renewal and remediation plans after independent review found serious oversight gaps.
Prudential Hong Kong announces three new C-Suite appointments
August 5 2025
The new appointees will join Prudential Hong Kong’s Executive Committee and report to Chief Executive Lawrence Lam.
UIB International exits Indian insurance brokerage venture
August 5 2025
The holding company has sold its minority stake in UIB Insurance Brokers India to private equity firm Samara Capital.
Dai-chi Life eyes M&A expansion in Southeast Asia: Report
August 5 2025
Japanese insurer expressed interest in Singapore's high-net-worth client base, while highlighting potential for growth in the Philippines or Malaysia.
Willis taps Seçkin Atilgan as Head of Growth, Trade Credit in Asia
August 5 2025
Prior to joining Willis, Atilgan spent nearly four years at Marsh.
Arch opens global capability centers in India
August 5 2025
Specialty (re)insurer opens two centers in Trivandrum and Pune, while a third one in Hyderabad is in the works.
Chubb elevates Matthew Dick as Head of Claims for ANZ
August 5 2025
Dick has been with Chubb for over 18 years, holding roles in the UK and the APAC region.
Oaktree appoints Phil Joubert as Head of APAC Insurance Solutions
August 5 2025
He joins after over 8 years with AIA group, most recently as Head of Investment Consulting.
South Korea's commercial insurance rates fall 25% in Q2 as softening trend continues across Asia
August 5 2025
Intense competition drives broader coverage and more favourable terms amid falling premiums across the region.
Ben Doherty returns to Vero as fleet underwriter for Victoria, Tasmania
August 5 2025
He brings expanded expertise in fleet risk engineering and performance.
Australia's Scope Underwriting secures Lloyd's coverholder status
August 5 2025
The Lloyd's underwriter first launched in Australia in October 2024.
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