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Prudential announces US$2bn share buyback programme

June 24 2024

Hong Kong and London dual-listed insurer announces share buyback amid strong growth in Asian and African markets.

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China’s life insurers can heed lessons from Japan’s low-yield strategies: Swiss Re Institute

June 24 2024

Declining investment yields means China is facing challenges similar to those seen during Japan's "lost decades."

arpc-undergoing-premium-rates-review-for-cyclone-reinsurance-pool

ARPC undertaking premium rates review for Australia's Cyclone Reinsurance Pool

June 21 2024

Potential changes including strata mitigation discounts and updated multi-storey algorithm.

Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch

June 21 2024

Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.

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Rate hikes, tighter underwriting helping Australian insurers manage disability income losses

June 21 2024

Life insurers expected to maintain profitability despite rise in claims and regulatory changes, says S&P.

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.

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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.

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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.

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