Editor's choice – (Re)in Asia

Editor’s choice

Watchdog urges ACIL to name insurer penalised for claims code breach

January 31 2025

“Consumers and industry stakeholders deserve to know when an insurer has failed to meet its obligations,” says Chair of Australian Consumers Insurance Lobby.

vanessa-teo-promoted-to-deputy-ceo-at-great-americans-singapore-branch

Vanessa Teo promoted to Deputy CEO of Great American's Singapore branch

January 31 2025

Teo has been a key member of the Singapore team since the branch's establishment in 2014.

IAG to release AU$200m from BI provision as class action ends

January 31 2025

Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.

Reinsurers set to cover at least 30% of LA Wildfire insurance losses: Moody's

January 31 2025

However losses borne by reinsurers will be less than in previous years due to "significant increase" in attachment points since 2023.

Cambodia’s insurance industry sees 3.5% gross premium growth in 2024

January 30 2025

Premiums grow but gross claims incurred surge, according to data from the Insurance Regulator of Cambodia.

Australian general insurer fined AU$100k for claims code breaches

January 29 2025

However Code Governance Committee opts not to name insurer, citing insurer's cooperation, transparency, and accountability as reasons.

ms-amlin-expands-phoenix-re-3-ils-sidecar-to-us90m

MS Amlin expands Phoenix Re 3 ILS sidecar 12.5% to US$90m

January 29 2025

The Lloyd’s global specialist (re)insurer’s move follows a $35m ILS listing in Hong Kong at the start of January.

Fubon Insurance set for net profit turnaround: AM Best

January 29 2025

After a net loss in 2023, Taiwenese insurer is set for announce a record net profit for 2024, though a negative outlook persists.

Etiqa, Cebuana Lhuillier launch Philippines’ first takaful insurance product

January 29 2025

Etiqa became one of country's first licensed Takaful operators in November.

Nippon Life to restructure overseas operations: Report

January 28 2025

The restructuring aims to centralise risk management and oversight following significant international expansion.

Asia Pac Nat Cat insured losses below trend in 2024

January 28 2025

Typhoon Yagi was Vietnam's costliest storm on record, but total natural disaster figures were lower than 2023.

generali-global-corporate-and-commercial-enters-india

Generali Global Corporate & Commercial enters India

January 27 2025

GC&C India targetting tailored solutions for medium and large enterprises in the fast growing market.

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