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Lonpac Insurance may see constrained underwriting margins in the medium term: AM Best
December 12 2024
Reinsurance costs and pricing liberalisation may impact underwriting, but operating performance is expected to remain strong.
Investments drive Qianhai Re's 77% 2023 net profit surge: AM Best
December 12 2024
AM Best affirms ratings, pointing out the reinsurer has sustained an average ROE of 4.3%. from 2019 to 2023.
Cyber, climate, and geopolitical risks challenge diversification principle
December 12 2024
Policymakers warn that the rapid pace of cyber and climate change means insurers face more than just underwriting challenges.
Suncorp signs five-year Microsoft partnership to advance AI use
December 12 2024
Partnership includes deploying generative AI tools to streamline claims processing, enhance employee efficiency, and ensure ethical AI governance.
Seth Peller to take on expanded remit as CEO for Marsh Hong Kong and Macau
December 11 2024
Peller brings three decades of industry experience to the role and is set to relocate to Hong Kong as part of the move.
MLC Life Insurance, Resolution Life Australasia to merge under new brand, Acenda
December 11 2024
Move will create one of Australia's life insurers and follows Nippon Life’s announcement that it is acquiring 100% of Resolution Life.
‘Tidal wave’ of demand for Hong Kong insurance wealth transfer products
December 11 2024
Asian life Insurers on course to be winners of the ‘greatest wealth transfer in history’.
Update: Nippon Life agrees to acquire Resolution Life in landmark deal
December 11 2024
Nissay agrees deal, believed to be valued at US$8.2bn, which represents the largest-ever acquisition by a Japanese insurer.
Japan P&I Club implements 7% premium hike for 2025
December 10 2024
Club says it adjusted rates amid rising claims, reinsurance costs, and global risks.
Malaysia reviews medical insurance premium hikes
December 10 2024
Government says it is conducting a collaborative review and will target high medical costs and monopolies in the healthcare sector.
IAG to defend class action over NRMA insurance loyalty offers
December 10 2024
The recent class action lawsuit is the newest in a series of legal challenges filed against IAG’s insurance units.
AIA Group sees strong H1 profit growth: Fitch
December 10 2024
Fitch ratings affirmed ratings of AIA Group and subsidiaries, while noting the insurer's ROE has risen to 16.5% in the first half of this year.
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