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Fitch maintains 'A' rating for New China Life

February 26 2024

NCI's ratings maintained after seeing a 17.1% year-on-year increase NBV in 1H 2023.

Markel strengthens Cyber team with appointment of Ng Yao Hua in Singapore

February 26 2024

Ng joins the Markel team as Cyber Security Analyst.

Joyce Chua joins WTW as Captives Regional Lead for APAC

February 26 2024

Chua joins WTW after a decade with Aon.

IRDAI maintains obligatory cession rate at 4% for 2024-25

February 25 2024

Insurers to continue ceding 4% of GI business to GIC Re, excluding terrorism and nuclear pool premiums.

Zurich opts for 70% upfront stake purchase of Kotak General

February 23 2024

Kotak Mahindra Bank announced Zurich's revised plan to acquire 70% stake in single transaction, altering the initial phased acquisition strategy.

zurich-asia-pacifics-operating-profit-surge-18-to-record-us565-million

Zurich Asia Pacific’s operating profits surge 18% to record US$565 million

February 23 2024

APAC P&C gross written premiums up 11%, while life insurance business surge 88%.

am-best-affirms-energass-ratings-but-negative-rating-maintained

AM Best affirms Energas's ratings, but negative outlook maintained for captive

February 23 2024

AM Best spotlights underwriting volatility, increase in large loss frequency, and reinsurance reliance in latest ratings note.

manulife-completes-landmark-us9-64bn-ltc-reinsurance-deal-with-global-atlantic

Manulife completes landmark LTC reinsurance deal with Global Atlantic

February 23 2024

Landmark deal was first announced in December and includes two Japanese whole life product blocks.

nsw-launches-first-state-disaster-mitigation-plan-to-combat-rising-nat-cat-costs

NSW launches Australia's first State Disaster Mitigation Plan to help combat rising nat cat costs

February 23 2024

Plan promises a proactive approach to disaster risk reduction including improved early warning systems and reviews of building codes and insurance levy arrangements.

indias-non-life-providers-notch-three-quarters-of-solid-growth

India’s non-life insurers notch three quarters of solid growth

February 23 2024

Major segments thrived, while smaller lines of business like marine and liability faced challenges.

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