Business type

MGA's Epsilon, Wellington Underwriting, and Aster to merge

January 30 2024

The merged business will combine for a collective AU$150m (US$99.2m) in GWP and gradually transition to operating under the Epsilon brand.

APRA increases Auto & General capital requirement by AU$50m

January 30 2024

Following review, regulator mandates risk remediation program and increases capital requirement by AU$50m (US$33m).

Bigmotor scandal yet to dent Sompo share price as Group CEO exits

January 30 2024

Sompo accused of ‘valuing profits over customer interests’ by the FSA in a business improvement order.

S&P affirms 'A' Ratings for Toa Re

January 30 2024

Japanese reinsurer has strong capital adequacy, but S&P considers the group to be in the process of 'rebuilding' its reinsurance business.

RGA name Sunil Sharma as new India CEO

January 29 2024

Sharma will bring over 30 years of global (re)insurance experience to the new role.

AM Best assigns Vietnam National Scale Rating to PTI, but warns of negative outlook

January 29 2024

PTI responds to increased loss ratio by tightening health and motor underwriting, yet faces a negative outlook due to recent capital erosion and riskier investment approach.

Mike Baker moves to Howden as Chief Client Officer, Asia

January 29 2024

Baker joins from Aon and will be responsible for growth of the large client segment, focusing on complex risks including energy, cyber, climate, and political.