The claimant allegedly relied on ChatGPT-generated legal guidance and filings, forcing the insurer to incur significant legal costs despite a previous settlement agreement.
Most regional holdings are investment-grade, with roughly 98% rated ‘A’ or higher, helping limit potential credit risks despite market volatility linked to the ongoing conflict.
An internal probe found 11 secondees across seven agencies removed 379 items of operational data, prompting tighter controls and one-month voluntary pay cuts for senior executives.
First announced in January, Canara HSBC Life’s board-level committee is set to review key terms for its debt‑fundraising at a meeting scheduled for 6 March.
Despite headwinds from interest rate normalisation and yen depreciation pressures, Japanese life insurers continue to demonstrate sound fundamentals and broadly stable premium levels.
A strategic review of HSBC’s Singapore insurance manufacturing business appears to be picking up pace, as the group is said to be seeking buyers for the unit while retaining its local distribution net...
