Editor's choice – (Re)in Asia

Editor’s choice

hong-kong-general-insurance-market-set-to-grow-to-hk85-6bn-in-2028-driven-by-economic-recovery

Hong Kong general insurance industry set to grow to HK$85.6bn in 2028, driven by economic recovery

March 11 2024

Economic recovery and increased demand for health and liability set to create 6.3% CAGR to HK$85.6bn (US$10.95bn) in 2028.

fwd-group-secures-majority-ownership-in-fwd-takaful-berhad-with-21-share-acquisition

FWD Group secures majority ownership in FWD Takaful with 21% share acquisition

March 11 2024

FWD Group's strategic investment boosts ownership of FWD Takaful Berhad to 70%, as insurer moves to strengthen its position in the Malaysian market.

Insurtech Sunday acquires 99% stake in Indonesian general insurer PT KSK

March 11 2024

Sunday's annual revenue set to surpass US$100m following acquisition.

hong-kong-underwriting-profits-and-gross-premiums-fell-sharply-in-2023

Hong Kong underwriting profits fell sharply in 2023

March 8 2024

Extreme weather and a struggling property market paved the way for big drops across multiple lines, according to provisional Insurance Authority data.

Cyber incidents surge among Hong Kong SMEs QBE survey reveals

March 8 2024

30% of SMEs reported hacking incidents, up from 18% the year prior, as survey highlights gaps between business concerns and insurance coverage.

Australian MGA Criterion Underwriting expands to New Zealand

March 8 2024

Criterion expands from Australia, with a focus on waste and recycling segments and other hard to place risks.

nz-financial-markets-authority-files-proceedings-against-tower-insurance-over-discount-failures

NZ FMA files civil proceedings against Tower Insurance over discount failures

March 8 2024

Financial Markets Authority alleges Tower overcharged customers NZ$9.5m (US$5.87m) by failing to apply multi policy discounts.

insurance-council-of-australia-labels-victorias-valentines-day-storms-a-significant-event

Insurance claims from Victoria's Valentine's Day storms top AU$100m

March 8 2024

Victoria's 14 Feb severe storms trigger nearly 20,000 claims worth AU$104m (US$69m), says ICA.

ICAC charges ex-Insurance Authority director over coercive hiring allegations

March 8 2024

Hong Kong's corruption watchdog charges Hui Mei-ying and daughter-in-law with misconduct in Prudential hiring case, with both granted bail.

New FSC rule eases overseas capital raising for Taiwanese insurers

March 8 2024

Insurers will be able to tap into global bond markets through SPVs, diversifying funding sources with TW-ICS implementation looming.

India's Ministry of Ports, Shipping and Waterways advancing plans for domestic P&I club - report

March 8 2024

Initial focus on coastal and riverine vessels, but regulatory issues remain.

Real estate poses ‘moderate’ risk to Asia Pac insurers’ portfolios

March 7 2024

Chinese insurers have limited property exposures and attentions turns to Japanese lifers US commercial real estate holdings.

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