Proposed legislation in the Philippines seeks to introduce a 2% tax on non-life insurance premiums, expanding current taxation which is limited to life insurance premiums.
The Wall Street Journal reports that James Turner resigned amidst a conflict of interest involving the hiring of a relative of a senior official at Hong Kong's Insurance Authority.
The introduction of the new accounting standard has led to a sharp increase in reported profits, particularly for P&C insurers —leading to concerns about valuations.
Amid global macroeconomic challenges, Marsh reports that the APAC captive premiums it manages surged by 58% between 2020 and 2022, significantly outpacing other global regions.
The Monetary Authority of Singapore (MAS) has designated AIA, Prudential Assurance, Income Insurance, and Great Eastern as domestically systemically important insurers (D-SIIs), subjecting them to higher...
Heavy weather conditions predicted for the weekend have New Zealand on high alert, with the country and industry still in the midst of recovery from the Auckland floods and Cyclone Gabrielle earlier this...
The parties will cooperate to develop and expand insurance products in The Pacific, with the intention of replicating the model in other vulnerable areas, including Asia and parts of Africa.
Lumb (pictured left) arrives as Underwriter, Property Coverholder and Delegated Authority and Urquhart (pictured right) appointed as Underwriter for Accident & Health, as Canopius strengthens its presence...
