After its first loss in 2022, the Hong Kong-headquartered reinsurer bounced back to achieve record profit in H1 2023; though AM Best maintained a negative outlook —warning of potential contagion risk due...
Bennelong Funds Management will partner with ILS specialist Leadenhall Capital Partners to promote and distribute insurance-linked securities to institutional investors.
A report by consultants Capgemini show the population aged over 50 is projected to double from 1990 to 2050 — with life insurers facing the prospect of substantial AUM outflows to beneficiaries.
Despite a 10% decrease in capital and surplus, DSI maintains very strong risk-adjusted capitalisation and plans to diversify its underwriting portfolio, while reducing offshore reinsurance.
GlobalData projects a compound annual growth rate of 11.3%, driven by growth in construction and energy sectors as well as rate increases due to frequency of nat cat events.
The Indonesian insurer, which mainly underwrites risks for Samsung affiliates and other Korean ventures, boasts a strong operating performance and considerable support from majority owner, Samsung Fire...
The purchase will strengthen bolttech's operations in Europe, Asia, and Africa, including expansion of its footprint to four new countires: Poland, Croatia, Lithuania, and South Africa.
MAS unveils comprehensive guidelines for financial institutions — including insurers — encouraging long-term perspectives and engagement with stakeholders in the transition to a net-zero economy.
After a legal dispute spanning over two years, the insurers withdrew their appeal against a business interruption claim by Le Meridien Phuket resort, paving the way for potential recovery of several million...
