Business type

Skuld issues notice of cancellation for Red Sea War Risk cover

February 14 2024

Skuld announces cancellation of certain war risks after it received notice of cancellations from reinsurers.

wtw-and-solomon-agency-partner-on-north-american-exposure-of-south-korean-and-vietnamese-firms

WTW and Solomon Agency Corp partner on North American exposure of Asian businesses

February 14 2024

Strategic co-brokerage agreement aims to deliver tailored insurance solutions to South Korean and Vietnamese companies operating in North America.

Transitional measures give Korean insurers time to strengthen balance sheets

February 14 2024

Korean insurers capital ratios are 20% stronger thanks to transitional measures introduced by regulators, but these have a limited timespan.

bupa-launches-au20m-venture-fund-to-support-healthcare-startups

Bupa APAC launches new venture fund to support healthcare startups

February 13 2024

Bupa Ventures AU$20m aims to support Seed to Series A healthcare start-ups across APAC.

japanese-property-insurers-to-maintain-gwp-growth-and-stable-loss-ratio-amid-earthquake-risks-globaldata

Japanese property insurers to maintain GWP growth and profitability amid earthquake risks: GlobalData

February 13 2024

Segment likely to remain stable, supported by government backing, reinsurance risk management, and rate adjustments.

Insurtech MediConCen secures US$6.85m in Series A funding

February 12 2024

Hong Kong insurtech will target Middle East and Southeast Asia growth with latest investment round, which was led by HSBC Asset Management.

AM Best maintains A+ Rating for Dai-ichi Life

February 12 2024

'A+' and 'aa-' ratings affirmed with a stable outlook, emphasising insurer's resilience and strategic importance in Japan's market.

japanese-non-life-insurers-told-to-offload-cross-held-shares-in-wake-of-price-fixing-probe

Japanese insurers told to offload cross-held shares in wake of price-fixing probe - report

February 12 2024

Concerns over influence of strategic shareholdings have prompted Japan's FSA to order insurers to divest from cross-held shares.

axa-xl-creates-new-global-specialty-branch-and-appoints-anne-marie-elder-cuo

Global: Anne Marie Elder appointed CUO of AXA XL's newly created Global Specialty branch

February 9 2024

Elder is tasked with leading the strategic direction and supporting growth in Marine, Aerospace, and Specialty Niche portfolios.

eka-lloyds-outlook-dowgraded-despite-90-cor-and-surge-in-gwp

Indonesia: Eka Lloyd's outlook dowgraded despite surge in GWP and 90% COR

February 9 2024

Fitch maintains ratings but revises outlook to negative, due to declining RBC ratio and concerns around challenges to meet new OJK equity requirements from 2026.

agri-key-to-12-1-cagr-for-chinas-property-insurance-segment

Agri key to anticipated 12.1% CAGR growth for China's property insurance segment

February 9 2024

GlobalData forecasts gross written premiums to grow to CNY428.3bn (US$67.7bn) in 2028.

AM Best assigns first ratings to Hong Kong's Well Link Life

February 9 2024

The growing life insurer receives 'B+' Financial Strength Rating and "bbb-" Long-Term Issuer Credit Rating with a stable outlook.

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