Business type

Chubb consolidates Korean operations under Lina brand

June 1 2024

Chubb has consolidated its Korean GI, life, and telemarketing subsidiaries Korean under the unified Lina brand.

westpac-initiates-au400m-lawsuit-against-dozens-of-insurers-over-austrac-penalty

Westpac initiates AU$400m lawsuit against dozens of insurers - report

June 1 2024

Westpac reportedly suing 43 insurers, including AXA, Allianz, and Zurich, over interpretation of insurance contracts related to AU$1.3bn 2020 AUSTRAC penalty.

Vietnam National Reinsurance Corporation assigned 'Exceptional' National Scale Rating by AM Best

June 1 2024

AM Best affirms credit ratings and assigns Vietnam National Scale Rating of 'aaa.VN', with strong operating performance of reinsurer expected to continue.

howden-re-appoints-david-hearn-as-chairman-global-clients-strategy

David Hearn comes out of retirement to take on Chairman, Global Clients Strategy role at Howden Re

May 31 2024

Hearn comes out of retirement to take on new challenge, having most recently served as EVP for Global Account Advisory at Guy Carp.

IRDAI overhauls health insurance regulations

May 31 2024

Indian regulator publishes master circular consolidating health insurance regulations, including mandating of faster claim authorisations.

Bowtie celebrates fifth anniversary with top 10 Hong Kong life insurer milestone

May 31 2024

HK's first virtual insurer marks fifth anniversary ranking tenth in new individual paid policies, according to Q4 2023 Insurance Authority data.

Barbara Williams appointed Regional Managing Director Finance at Allianz Commercial Asia

May 31 2024

Williams, currently Director of Finance for Allianz Commercial Canada Branch, will move to Singapore for the new role.

a-billion-dollar-slice-how-honey-is-using-tech-to-grab-a-larger-share-of-australias-home-insurance-pie

Honey leverages tech and data to fuel billion dollar ambition

May 31 2024

Innovative use of smart sensors, data, and tech has already resulted in rapid growth and CEO Joffe says insurtech is doubling down on technology-first approach in pursuit of AU$1bn (US$664m) in home insurance...

Spike in Asia's PE-backed reinsurance transactions may be "tip of the iceberg": Guy Carp

May 31 2024

Private equity-backed life reinsurance deals have surged, but significant potential remains due to underperforming assets and regulatory changes.

msig-hk-to-focus-on-growth-in-group-medical-financial-and-engineering-lines-sampp

MSIG HK to focus on growth in group medical, financial, and engineering lines: S&P Global

May 30 2024

S&P affirms Hong Kong insurer's A+ financial strength rating, expecting explicit support from Mitsui Sumitomo Insurance to continue.

dual-asset-anz-continues-title-insurance-build-out-with-new-role-for-ed-birrell

DUAL Asset ANZ continues build out with new role for Ed Birrell

May 30 2024

Birrell will relocate to Sydney from the DUAL Asset team in London, where he was serving as Head of UK M&A.

nalagenetics-wins-zurich-innovation-championship-2024

Zurich Malaysia names NalaGenetics as winner in Zurich Innovation Championship 2024

May 30 2024

NalaGenetics recognised for its genetic tests to manage chronic diseases and will enter a four-month accelerator and receive up to US$100,000 in project funding.

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