Editor's choice – (Re)in Asia

Editor’s choice

Allianz Australia to acquire RAA’s insurance business

December 2 2024

(Re)in Summary • Allianz Australia has partnered with the Royal Automobile Association of South Australia (RAA) in an AU$642m (US$417.2m) deal, acquiring RAA’s general insurance business,...

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.

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.

Rising interest in APAC cyber from London insurers puts pressure on rates

November 29 2024

While several insurers have on-the-ground teams, APAC cyber is increasingly being written from elsewhere.

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.