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AM Best affirms Ansvar's ratings as key excess-of-loss and stop-loss programmes renewed

June 21 2024

AM Best affirmed A- IFS rating noting continued reinsurance support from owner EIO following years of PSA claims.

Fitch affirms Cathay Life's ratings, forecasts stable growth despite spread gains risk

June 20 2024

Fitch affirms 'A' IFS ratings of Taiwan's largest life insurer, citing strong market position and robust capitalisation.

medibank-being-sued-by-privacy-watchdog-over-2022-data-breach

Regulator blames Medibank cyberattack on lack of multi-factor authentication

June 20 2024

In a court filing, the OAIC alleges that the health insurer's lack of MFA enabled hacker to exfiltrate 520 gigabytes of data.

japanese-insurers-finding-balance-between-esg-investor-pressure-and-policyholder-interests-fitch

Japanese insurers balancing ESG pressures: Fitch

June 20 2024

ESG efforts catching up with overseas peers, but scrutiny remains because of country's renewable energy dilemma.

zurich-malaysia-partners-with-gentari-to-support-growth-of-ev-infrastructure

Zurich Malaysia partners with Gentari to support EV growth

June 20 2024

Zurich teams up with clean energy solutions provider to expand EV charging infrastructure and offer value-added services for EV users.

QBE to exit North American mid-market segment

June 19 2024

Insurer to exit segment following several years of performance challenges.

globaldata-forecasts-9-5-annual-growth-for-philippines-gi-market-through-2028

Philippines' GI market to grow 9.5% annually through 2028, forecasts GlobalData

June 19 2024

Construction activity, rising vehicle sales, and increasing nat cat losses among key growth drivers.

major-japanese-life-insurers-report-rise-in-premiums-and-core-business-profits-for-fy-2024

Major Japanese life insurers see rise in premiums and core business profits in FY 2024

June 19 2024

FSA data shows increased premium and net income for FY24, driven by higher single premium insurance sales and rising domestic interest rates.

Asia Pacific corporates could be underreporting cyber incidents

June 19 2024

Cyber risk is potentially higher in Asia Pac than other regions but a lack of disclosure requirements makes this difficult to monitor, says S&P Global Ratings

Policy wordings failing to keep pace with Asia Pac’s ravenous appetite for AI

June 18 2024

Region’s businesses face potential insurance gaps as AI adoption surges.

Andy Covel joins AXA XL as Senior Underwriter, Casualty Australia

June 18 2024

Covel joins AXA XL after over nine years at Allianz Australia.

allianz-commercial-appoints-vanessa-maxwell-as-global-head-of-cyber

Allianz Commercial promotes Vanessa Maxwell to Global Head of Cyber

June 18 2024

Maxwell takes on dual responsibilities as Global Head of Cyber and Global Head of Financial Lines.

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