Business type

Japan's major non-life insurers report profit surge for FY2024

June 19 2024

Profits double, while net premiums rise, driven by strong overseas performance and yen depreciation.

major-japanese-life-insurers-report-rise-in-premiums-and-core-business-profits-for-fy-2024

Major Japanese life insurers see rise in premiums and core business profits in FY 2024

June 19 2024

FSA data shows increased premium and net income for FY24, driven by higher single premium insurance sales and rising domestic interest rates.

Asia Pacific corporates could be underreporting cyber incidents

June 19 2024

Cyber risk is potentially higher in Asia Pac than other regions but a lack of disclosure requirements makes this difficult to monitor, says S&P Global Ratings

Qubit Underwriting expands into global marine and energy reinsurance with key hire of Long Xu

June 19 2024

The MGA expands its specialty risk portfolio, with Xu appointed Executive Vice President and Chief Underwriting Officer, Reinsurance.

NSW budget allocates AU$5.7bn for flood recovery and resilience

June 18 2024

Budget includes AU$5.7bn (US$3.77bn) for flood recovery, housing, and infrastructure projects over the next four years.

Canopius appoints Mark Houghton to newly created Global Product Leader, Specialty role

June 18 2024

Houghton joins after 12 years with AXA XL, and will manage global specialty line growth from Singapore.

Policy wordings failing to keep pace with Asia Pac’s ravenous appetite for AI

June 18 2024

Region’s businesses face potential insurance gaps as AI adoption surges.

Andy Covel joins AXA XL as Senior Underwriter, Casualty Australia

June 18 2024

Covel joins AXA XL after over nine years at Allianz Australia.

Annie Undikai appointed Chairman of Labuan International Insurance Association

June 18 2024

Undikai succeeds the retiring Roy Sharmais as Chairman of LIIA for the 2024-2026 term.

ICA advocates for improved hardship and vulnerability provisions in GI code

June 18 2024

Australia's General Insurance Code of Practice is currently undergoing its three-yearly review.

allianz-commercial-appoints-vanessa-maxwell-as-global-head-of-cyber

Allianz Commercial promotes Vanessa Maxwell to Global Head of Cyber

June 18 2024

Maxwell takes on dual responsibilities as Global Head of Cyber and Global Head of Financial Lines.

axa-and-hk-express-tie-up-embedded-partnership-deal

AXA and HK Express tie-up embedded deal

June 17 2024

Businesses partner up to provide insurance solutions to Hong Kong airline's customers.

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