Business type

Hanwha Life sets sights on Southeast Asia with strategic stake in Indonesia's Nobu Bank

April 25 2024

If approved, Hanwha will set a precedent as the first Korean insurer to enter the overseas banking industry through 40% stake.

long-term-new-business-spikes-in-hk-in-2023-topping-2019-for-first-time

HK long-term new business spikes in 2023, topping 2019 for first time

April 25 2024

2023 a noteworthy year as Hong Kong life industry surpasses 2019 new business premiums, with HSBC Life topping charts for second year running.

Japan's corporate health rates set to hit record high in 2024 - report

April 25 2024

Japan's corporate health insurance societies face a record premium rate and a ¥657.8bn (US$4.25bn) deficit in FY 2024.

government-launches-au60m-strata-resilience-program-to-mitigate-cyclone-damage-in-north-queensland

QLD government launches AU$60m Strata Resilience Program to mitigate cyclone damage

April 25 2024

State and federal governments to fund AU$60m (US$38.9m) initiative to mitigate cyclone damage to North Queensland apartment buildings.

marsh-reports-10-decline-in-pacific-financial-lines-rates-in-first-quarter

Marsh reports 10% rate decline in Pacific financial lines in Q1

April 24 2024

In the first quarter of 2024, commercial insurance rates in the Pacific region fell by 2%, while financial and professional lines declined for the fourth consecutive quarter.

insurance-council-of-australia-reports-progress-on-motor-vehicle-code-improvements

Insurance Council of Australia reports progress on motor vehicle code of conduct improvements

April 24 2024

Code Administration Committee for the Motor Vehicle Insurance and Repair Industry targets mid-2024 for a revised Code draft.

Taiwan records hundreds of Hualien earthquake aftershocks on Monday and Tuesday

April 24 2024

6.1 magnitude and 6.0 magnitude earthquakes in Hualien County recorded late Monday and early Tuesday.

Barriers to overseas risk placement hinders APAC market development

April 24 2024

Too many barriers still exist for cross-border reinsurance – and things could get worse.

koreas-lotte-insurance-on-market-for-us1-5bn-and-drawing-global-interest-reports

Potential Lotte Insurance sale drawing interest, but US$1.5bn valuation faces scrutiny

April 23 2024

Stake acquisition of Korean insurer drawing local and international interest, but questions remain about valuation post-IFRS 17 implementation.

Fitch: Korean Insurers well positioned to withstand overseas CRE downturns

April 23 2024

Potential fluctuations in overseas commercial real estate investments expected to have minimal impact on credit ratings.

gallagher-acquires-australian-trade-credit-broker-prasidium

Gallagher acquires Australian trade credit insurance broker Prasidium

April 23 2024

Sydney headquartered Prasidium joins Arthur J. Gallagher & Co.'s expanding Australian portfolio.

QBE's Jordan Stewart relocates for Business Development lead, Broker Distribution, Asia role

April 23 2024

Stewart moves from Melbourne to Hong Kong to strengthen broker partnerships across Asia.

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