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2024: The year in review

December 31 2024

Cyber, renewable energy and aviation / marine are just some of the areas that stood out this year.

Doha Insurance Group opens branch in India

December 31 2024

Qatari (re)insurer Doha Insurance Group receives approval to establish branch in India’s GIFT City, expanding its international presence.

allianz-income-still-in-talks-but-no-guarantee-acquisition-deal-will-take-place

S&P withdraws 'CreditWatch negative' from Income following Allianz deal withdrawal

December 30 2024

The ratings agency affirmed Income Insurance's ‘AA-’ rating with stable outlook after Allianz's failed acquisition bid, citing continued Singapore government support.

OCBC Bank sells its entire one-third stake in Hong Kong Life Insurance

December 30 2024

Singapore bank divests its stake in Hong Kong Life Insurance to Yue Xiu Enterprises for HK$589.3m amid insurer's strong premium growth in 2024.

NatCat - 2023 Australias Christmas Storms

PERILS pegs final loss estimate for Australia's Christmas storms at AU$1.61bn

December 24 2024

Estimated industry losses of AU$1.606bn (US$1.01bn) increase slightly from third estimate of AU$1.563bn (US$960m) in July.

pca-reinsurance-co-ltd-secures-aa-rating-as-prudentials-captive-reinsurer

S&P assigns PCA Reinsurance 'AA-' rating

December 23 2024

Ratings agency highlights the captive's critical role in Prudential’s capital and risk management strategy in Asia and Africa.

BHSI appoints Cheryl Tan as Head of Marine Claims for Asia Middle East

December 20 2024

Tan previously served as Head of Claims, Asia Pacific at Canopius.

HK Insurance Authority reappoints Stephen Yiu as Chairman

December 20 2024

The regulator has also announced several appointments and reappointments of non-executive directors.

bolttech-secures-us100m-in-series-c-funding-led-by-dragon-fund

bolttech raises US$100m in Series C funding, led by Dragon Fund

December 20 2024

Latest funding round expected to exceed US$100m and puts insurtech's value at US$2.1bn.

Berkley to enter India following approval of GIFT City office

December 20 2024

Specialty insurer also names Unnati Bajpai as CEO and Principal Officer of the new branch office.

Aon partners with Fathom to enhance flood risk analysis offering

December 20 2024

Aon's Climate Risk Monitor now provides flood risk evaluation at a resolution of 10 square metres for Japan, the U.S., and the UK.

roojai-group-announces-acquisition-of-directasia-thailand-from-hiscox

Roojai announces acquisition of DirectAsia Thailand from Hiscox

December 20 2024

A previous deal, agreed in 2023, had been terminated earlier this year due to time constraints.

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