The merger is expected to significantly alter the group’s business profile, with potential implications for capital adequacy and financial performance over the coming years.
The facility, managed by Alliance Risk Transfer and backed by five founding insurance partners, seeks to help Hong Kong address shifting global marine war risk exposures.
Premiums are expected to grow across life and non-life segments as insurers navigate ageing demographics, inflation dynamics and intensifying industrial-policy trends.
Confirmation of the independent investigation, which commenced last month, comes amid Neal’s withdrawal from AIG President role he was due to commence in December.
Lockton has promoted Harssh Chhaajer to Power & Energy (PE) Growth Leader for Asia, while concurrently setting up a Regional Power & Energy Steering Committee (RPESC) as part of its growth strategy...
