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Indonesian life insurance sector set for bounceback post-2024: GlobalData

April 2 2024

After a challenging period, Indonesia's life insurance industry is anticipated to rebound, driven by regulatory changes and changing demographics.

Reinsurers' credit ratings expected to remain stable following Baltimore Bridge collapse: Fitch

April 2 2024

Despite potential for record-breaking claims, syndication of reinsurance programme should see credit ratings remain stable.

markel-expands-into-australian-professional-indemnity-insurance-market

Markel launches professional indemnity insurance products in Australia

April 2 2024

Markel introduces PI products in Australia, targeting sectors including renewable energy and construction.

1.4 renewals see 'dramatic shift' toward ample property cat reinsurance capacity: Aon

April 2 2024

Aon says favourable conditions continued for cedents during 1.4 renewals, while spotlighting an increasing appetite for facultative solutions.

onedegree-launches-technology-first-cyber-product-in-asia

OneDegree launches 'technology-first' Cyber insurance product

April 1 2024

OneInfinity Cyber Insurance, is a departure from traditional 'cumbersome' approach to cyber underwriting, Insurtech says.

Singapore Maritime Authority confirms Dali passed inspections prior to Baltimore bridge incident

April 1 2024

MPA confirms the ship's compliance with all necessary safety protocols, including passing of two separate foreign port state inspections in June and September 2023.

japan-pi-club-1-4-renewals-saw-further-rate-rises-amid-a-challenging-business-environment

Japan P&I Club sees tonnage drop amid further rate rises in 1.4 renewals

March 30 2024

7.5% rate increase for ocean-going vessels and a 10% increase for Naiko Class mark consecutive hikes for fifth and third year respectively.

improved-combined-ratio-sees-helias-ratings-affirmed-but-macro-challenges-ahead

Improved combined ratio helps see Helia's ratings affirmed, but macro challenges lie ahead

March 30 2024

Helia proactively reviews underwriting criteria to tackle expected business volume pressures, from factors such as rising mortgage rates.

High Court rules US$10bn aircraft lessor-reinsurer dispute to proceed in London, not Moscow

March 30 2024

Aircraft lessors' claim against reinsurers to be heard in London to ensure trial fairness, rules Judge.

GIC completes majority stake acquisition of Miller

March 29 2024

Singapore's sovereign wealth fund becomes principal investor, as specialist (re)insurance broker looks to continue growth trajectory.

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