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Monday, August 31, 2026
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Generali improves CR to 90.7% in Q1
May 25 2023
The Italian head-quartered insurer saw its P&C GWP increase 10%, however it's life business saw negative net inflows and drops in PVNBP and NBV.
Tencent-backed FuSure maintains A- ratings thanks to strong balance sheet: AM Best
May 25 2023
The accident and health focused insurer has capital support from parent Tencent, who owns 85.01% of FuSure's shares.
Global broker Brown & Brown opens the door to APAC through the acquisition of Kentro
May 24 2023
The deal includes Kentro group companies Nexus, Capstone, and Spectrum Risk Management, all of which have a presence in the Asia-Pacific region.
RenaissanceRe to buy Validus Re from AIG for US$4.5 billion
May 24 2023
RenaissanceRe will acquire Validus Re including AlphaCat and Talbot Treaty, while AIG retains Talbot Underwriting and Western World.
Report: Russian hackers infiltrate Insurance Information Bureau of India and demand US$250,000 ransom
May 24 2023
The ransom has not been paid, however the full extent of the attack - which took place in early April - is still not known.
Viability of Net-Zero Insurance Alliance under further scrutiny as Swiss Re becomes latest founding member to exit
May 23 2023
Of NZIA's eight founding members, three have left in the last two months.
Canopius to launch digital asset custody product on Lloyd's Asia platform
May 23 2023
The launch is an expansion of the (re)insurers Syndicate 4444 product and the first digital asset custody cover under Lloyd's Asia.
AMP penalised AU$24 million for charging deceased customers
May 19 2023
Two AMP companies received over AU$1,000,000 from 2,000 deceased customers, despite having been informed of the customers' deaths.
MLC hit with AU$10 million penalty - ASIC promises to take similar action against insurers who don't act in good faith
May 19 2023
Australia's Federal Court found MLC contravened the ASIC Act, the Corporations Act, and the Insurance Contracts Act.
China's motor insurance market heats up as EV manufacturers enter the fray
May 18 2023
Earlier in May, BYD received regulatory approval to purchase Yi’an P&C. Now XPENG has announced that its partnered with eight Chinese insurers.
Contrasting outlook for private and public insurers as Indian industry GDPI looks set to reach US$36.5 billion in two years: ICRA
May 18 2023
The analytics firm sees healthy growth driven by private insurers, while three PSU's are likely to need significant government support.
Singapore's Bolttech valued at US$1.6 billion after US$196m Series B round
May 17 2023
The mega-round, led by Tokio Marine, bucks the trend of decreased insurtech funding.
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