Business type

Singapore Maritime Authority confirms Dali passed inspections prior to Baltimore bridge incident

April 1 2024

MPA confirms the ship's compliance with all necessary safety protocols, including passing of two separate foreign port state inspections in June and September 2023.

Indonesian insurtech PasarPolis reports 250% GWP increase for 2023

April 1 2024

Founder says insurtech is aiming aims to fully underwrite its products alongside 50% CAGR growth over the next four years.

fitch-holds-allianz-jingdongs-rating-steady-amid-growth-and-operational-challenges

Allianz Jingdong's ratings affirmed with Allianz SE expansion support expected from 2025

April 1 2024

Despite thin capital buffer and rising operational costs, Fitch underscores insurer's pivotal role in Allianz SE's China market expansion strategy.

IRDAI mandates electronic insurance policies from 1 April 2024

March 30 2024

E-policies become mandatory for policies with sums insured over 100 (US$1.20) rupees or premiums of at least 10 rupees.

japan-pi-club-1-4-renewals-saw-further-rate-rises-amid-a-challenging-business-environment

Japan P&I Club sees tonnage drop amid further rate rises in 1.4 renewals

March 30 2024

7.5% rate increase for ocean-going vessels and a 10% increase for Naiko Class mark consecutive hikes for fifth and third year respectively.

improved-combined-ratio-sees-helias-ratings-affirmed-but-macro-challenges-ahead

Improved combined ratio helps see Helia's ratings affirmed, but macro challenges lie ahead

March 30 2024

Helia proactively reviews underwriting criteria to tackle expected business volume pressures, from factors such as rising mortgage rates.

High Court rules US$10bn aircraft lessor-reinsurer dispute to proceed in London, not Moscow

March 30 2024

Aircraft lessors' claim against reinsurers to be heard in London to ensure trial fairness, rules Judge.

nan-shan-generals-ratings-affirmed-with-strong-growth-in-motor-travel-and-commercial-lines

Nan Shan General's ratings affirmed, with strong 2023 growth in motor, travel, and commercial lines

March 29 2024

Capital injection and return to high-single-digit ROE offsets concerns including heighted cat risk due to increased premium retention.

GIC completes majority stake acquisition of Miller

March 29 2024

Singapore's sovereign wealth fund becomes principal investor, as specialist (re)insurance broker looks to continue growth trajectory.

joshua-nguyen-moves-from-canopius-to-hdi-global-as-senior-underwriter-for-ah

Joshua Nguyen moves from Canopius to HDI Global Australia as A&H Senior Underwriter

March 29 2024

Nguyen joins HDI Global as Senior Underwriter for Accident & Health following 3 and a half years with Canopius.

Marsh launches cyber-only group captive entity

March 29 2024

Bermuda-based, cyber-only captive is designed for organisations looking for more control and stability in their cyber insurance programs, Marsh said.

China expands government-supported nat cat coverage

March 29 2024

China widens its nat cat coverage, expanding scope, to include disasters like typhoons and floods, while doubling coverage.

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