Topics

Ivory Insurance appoints David Hosking as CEO

December 2 2024

Hosking previously served as CEO of PSC Insurance Group and joins Ivory, which received its GI underwriting licence in December 2023.

regulatory-approval-uncertain-for-iags-acquisition-of-racq-say-analysts

Regulatory approval a hurdle for IAG's acquisition of RACQ insurance business, say analysts

December 2 2024

Analysts say deal will face close scrutiny from the ACCC due to potential concerns around market concentration in Queensland's insurance segment.

Max Life, SBI Life refute speculative reports on bancassurance limits

November 29 2024

Both insurers deny any directives or communication with the IRDAI about regulator's plans to impose caps on bancassurance business.

sumitomo-lifes-capitalisation-to-remain-solid-despite-rising-investment-risks-s-and-p

Sumitomo Life’s capitalisation to remain solid despite rising investment risks: S&P

November 29 2024

S&P affirms A+ ratings, taking into account 2024 acquisition of Singapore Life and changes in asset allocation.

richard-offord-appointed-as-chief-executive-of-uk-pampi-clubs-singapore-branch

Richard Offord named Chief Executive of UK P&I Club's Singapore branch

November 29 2024

Offord transitions from London to lead the Singapore branch with Yiah Soon Ng (YS) retiring after 27 years.

bnm-orders-review-of-insurance-premium-hikes-from-insurers-takaful-operators

BNM orders insurers, takaful operators to review premium hikes

November 29 2024

Move comes after reports of sharp increases in health insurance premiums of between 40% to 70% in Malaysia.

Sedgwick appoints Stephen Kerr as CEO for Asia

November 29 2024

Kerr first joined the global loss adjuster in 1995.

LIC eyes ManipalCigna stake for health insurance entry - report

November 28 2024

State-owned insurer is reportedly considering up to a 50% stake as part of its strategic move into health.

IAG to acquire 90% of RACQ's underwriting business

November 28 2024

AU$855m (US$555m) deal includes a 25-year distribution agreement, with an option for IAG to purchase the remaining 10% underwriting business in two years.

Australian Senate calls for government to monitor insurance premiums

November 28 2024

Senate Select Committee makes eight recommendations to improve resilience to climate change and improve insurance affordability in Australia.

Malaysian MP urges Bank Negara Malaysia to investigate health insurance premium hikes

November 28 2024

Health insurance premiums in Malaysia have reportedly increased by up to 70%.

Suncorp launches Disaster Management Centre in Brisbane

November 27 2024

The new centre uses technology and collaborative insights in efforts to enhance disaster preparedness and customer support across Australia and New Zealand.

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