Evergrande Life Insurance's business, assets, and liabilities are transferred to new, state-owned entity, Haigang Life Insurance, in a move widely seen as being part of liquidation efforts.
Despite the increasing frequency of extreme weather events, insurance coverage for Nat Cats remains low at around 10% of economic losses, posing challenges for insurers and highlighting the need for proactive...
Sedgwick's new framework aims to equip seeks to equip its Australian property loss adjusters with advanced tools and knowledge to improve the claims process.
COSCO SHIPPING Captive Insurance has ratings affirmed, benefiting from strong support from its parent company and having registered net profits annually since inception.
The state-run Korean surety bond and credit insurance provider is set to go public with shares around US$35 each, potentially reaching a market cap of US$2.72bn.
AM Best estimates the flooding in Hong Kong and the Pearl River Delta, caused by 1-in-500 year downpours, will result in losses similar to those caused by Typhoon Mangkhut — which could be billions of...
