Business type

AM Best affirms Thaire Life's ratings, withdraws them at reinsurer's request

July 12 2024

Reinsurer saw ratings downgraded in September, but maintains a strong balance sheet and adequate operating performance, said AM Best.

manish-pahwa-appointed-as-chief-compliance-officer-at-future-generali-india-life

Manish Pahwa named Chief Compliance Officer at Future Generali India Life

July 12 2024

Experienced compliance professional Pahwa joins insurer to enhance regulatory practicies.

Tokio Marine reportedly suffers data breach

July 12 2024

Attack on an outsourced firm's server may have compromised the personal data of 63,200 policyholders.

Everest promotes Harry Townsend to Chief Ceded Reinsurance Officer

July 12 2024

Townsend sees role elevation six months after joining Everest as Head of Ceded Reinsurance, International.

Insurance claims for June floods in southern China reach US$440m: NFRA

July 12 2024

Insurers have received 95,000 claims, with 1.1bn yuan (US$151m) in payments and pre-payments isssued so far, says regulator.

price-fixing-controversies-fail-to-hinder-profit-surge-for-japans-non-life-insurers

Japan's big 3 non-life insurers see FY23 profits surge despite year of probes and controversies

July 11 2024

Reduced cat losses, overseas performance contribute to profit results, but GIA Chairman says changes are needed on industry fundamentals.

AIA tops global MDRT rankings for tenth consecutive year

July 11 2024

AIA China, AIA Hong Kong, and AIA Thailand lead with the highest number of MDRT members globally.

Australian regulators issue final rules for Financial Accountability Regime

July 11 2024

ASIC and APRA release final update for the FAR, which is will go live for insurers from 15 March 2025.

SBI General welcomes Udayan Joshi as Chief Technical and Claims Officer

July 11 2024

Joshi joins after ten years with Liberty General Insurance.

sompo-taps-aigs-bill-zhang-as-president-consumer-lines-for-asia-pacific

Sompo taps AIG's Bill Zhang as President, Consumer Lines for APAC

July 11 2024

Zhang moves after 12 years with AIG and will relocate to Singapore for the new role.

Nine Asia Pac insurers to implement ICS framework by end of 2024

July 11 2024

Insurers including QBE, Tokio Marine, and Prudential will be subject to the new IAIS standard which will be applied in a two stage process starting in 2026.

cysurance-partners-with-sophos-and-howden-to-launch-cyber-insurance-down-under

Cysurance partners with Sophos and Howden to launch cyber product down under

July 11 2024

Backed by Lloyd's syndicate carriers, insurer launches its "inclusive and affordable" cyber products in Australia.

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