Editor's choice – (Re)in Asia

Editor’s choice

ardonagh-set-to-acquire-australias-psc-insurance-in-deal-valued-at-au2-26bn

Ardonagh to acquire Australia's PSC Insurance for AU$2.26bn

May 8 2024

Anticipated acquisition confirmed in an ASX announcement, with AU$2.26bn (US$1.48bn) deal expected to be completed in late September.

arpc-warns-about-australias-cyber-terrorism-insurance-coverage-gap

ARPC warns about Australia's cyber terrorism insurance gap

May 8 2024

Exclusion of physical damage from cyber terrorism exposes businesses and has potential for (re)insurance industry backlash.

deputy-prime-minister-says-third-party-panels-not-needed-for-insurance-discrimination-appeals-in-singapore

Singapore's Deputy PM says independent panels not needed for insurance discrimination appeals

May 8 2024

Lawrence Wong says insurers must be accountable for their own decisions and rules out third-party appeals concerning discrimination against disabled and neurodivergent individuals

Hanwha Life finalises 40% stake acquisition of Nobu Bank

May 7 2024

The acquisition, awaiting regulatory approval, will mark the first instance of a Korean insurer venturing into foreign banking.

byds-insurance-arm-receives-green-light-to-offer-statutory-auto-liability-insurance

BYD Property Insurance receives green light to offer statutory auto liability insurance in China

May 7 2024

Latest development comes following EV manufacturer's acquisition of insolvent Yi'an Property Insurance in May 2023.

gallagher-continues-australian-shopping-spree-with-the-aquisition-of-hica

Gallagher continues Australian shopping spree with the acquisition of HICA

May 7 2024

Arthur J. Gallagher continues to strengthen Australian presence with acquisition of Health Insurance Consultants Australia.

launch-of-australias-ev-centre-of-excellence-set-to-ease-pressure-on-combined-ratios-and-premiums

Australia's EV Centre of Excellence poised to help ease pressure on combined ratios and premiums

May 7 2024

New EV-learning facility will mitigate risk of minor accident write-offs, with Australia's government initiatives offering a blueprint for APAC.

ardonagh-group-closes-in-on-psc-insurance-reports

Ardonagh Group closes in on PSC Insurance acquisition - reports

May 7 2024

AU$2bn (US$1.33bn) deal reportedly drawing closer, with some competitors said to have withdrawn over valuation concerns.

Zurich Malaysia and GXBank agree 10-Year bancassurance partnership

May 6 2024

New partnership will offer microinsurance for Malaysia's underserved, starting with cyber crime protection in Q3.

FWD Group launches new Health Business

May 6 2024

FWD HealthyMe to be led by Sarah Salvilla, who has been appointed Group Chief Health Officer.

world-bank-and-jamaica-renew-cat-bond-with-us150m-issuance-in-hong-kong

World Bank issues US$150m parametric cat bond in Hong Kong for Jamaican storm cover

May 6 2024

Jamaican Government's hurricane cover renewed through World Bank's second HK-listed cat bond.

Hong Kong's RBC regime set to begin 1 July following Government gazettal of subsidiary legislations

May 6 2024

Formality of Legislative Council's negative vetting to occur on 8 May, with changes expected to go live on 1 July 2024.

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