FY23 profit increase helps maintain strong ratings in face of weakening combined ratio, rising nat cat concerns, and possible impacts of the banking arm sale.
Howden Group acquires controlling interest in Sydney-based HQ Insurance to reinforce its global bloodstock insurance capabilities in the equine sector.
Ping An Insurance said Reuters report, alleging Chinese authorities directed the insurer to assume control of embattled property developer Country Garden, is 'completely untrue'.
Sumitomo Life injects further SG$180m (US$133m) into Singlife, while in the midst of finalising US$900m acquisition of Aviva Group's stake in the Singaporean insurer.
The deal would be the largest foreign investment in India’s insurance sector and follows regulatory changes in 2021 which made foreign ownership possible in the space.
