Editor's choice – (Re)in Asia

Editor’s choice

Australian Government to introduce financial sector regulatory initiatives grid

March 11 2024

New regulatory initiative aims to streamline financial sector, including insurance, enhance business operations and reduce compliance costs.

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.

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