Editor's choice – (Re)in Asia

Editor’s choice

ojks-proposed-capital-requirements-increase-likely-to-lead-to-increased-ma-and-consolidation-of-indonesian-insurance-sector

OJK's proposed capital requirements to spur increased M&A and consolidation in Indonesia

June 21 2023

66 Indonesian (re)insurers would fail to meet increased requirements and a further 33 would struggle, driving M&A activity.

IAG's Firemark Ventures launches ClimateTech Center to help measure and mitigate climate change

June 20 2023

Firemark has joined up with Jerusalem Venture Partners (JVP) and Margalit Startup City to discover and develop startups and technologies which measure and mitigate climate impacts.

japans-fsa-orders-major-japanese-pc-insurers-to-report-on-alleged-cartel-formation

FSA investigates alleged cartel formed by major Japanese P&C Insurers

June 20 2023

Reports claim that Tokio Marine, Sompo, Mitsui Sumitomo, and Aioi Nissay Dowa conspired to offer fire insurance premiums which were significantly different from past policies.

Phil Witherington to become President and CEO of Manulife Asia

June 16 2023

Witherington has been with Manulife since 2014 and is being promoted from his current role as CFO.

fitch-affirms-lloyds-and-lloyds-china-ifs-rating-at-aa-despite-2022-loss-and-environmental-exposure

Fitch affirms Lloyd’s and Lloyd's China IFS rating at 'AA-' despite US$1bn loss and Nat Cat exposure

June 15 2023

The (re)insurance marketplace recorded a 91.9% combined ratio in 2022 but was hit by valuation losses in its bond portfolio.

customer-data-likely-stolen-as-a-cyber-attack-hits-two-prudential-companies-in-malaysia-1

Customer data likely stolen as global cyber attack hits two Prudential companies in Malaysia

June 14 2023

The attack was part of the global MOVEit data-theft attack and is likely to have led to the theft of agent and customer data.

howden-helps-broker-insurance-deal-to-mitigate-one-of-the-largest-ever-environmental-disasters

Howden brokers (re)insurance deal to help avert environmental marine disaster

June 14 2023

Specialty (re)insurance coverage, involving 13 underwriters, has enabled a salvage operation for The FSO Safer which holds 1.14 million barrels of light crude and has been deteriorating since 2015.

Securities Appellate Tribunal pauses IRDAI's order to transfer Sahara India Life's 200,000 policies to SBI

June 14 2023

The SAT issued a stay order on IRDAI's direction, saying that there was no urgency and that the regulator's decision was made ex parte.

Ping An's Jessica Tan: ESG reporting should be audited and transparent

June 13 2023

The Group's Co-CEO spoke about ESG on a recent podcast of the United Nations Environment Programme Finance Initiative.

Prudential completes GBA footprint with Macau Branch opening

June 13 2023

The insurer opens its doors in Macau, starting with life and health.

Taiwan's Fubon Insurance needs to navigate reinsurance credit risk despite May US$519m capital injection

June 12 2023

Despite two capital injections worth US$1bn and a return to net profit, Fubon's credit ratings remain under scrutiny due to money owed from reinsurance counterparties.

srinivas-returns-to-munich-re-as-regional-deputy-ceo-and-chief-underwriter-pricing-officer-for-life-health-1

Srinivas returns to Munich Re as Deputy CEO and Chief Underwriter for Life & Health APAC, Middle East and Africa

June 12 2023

Srinivas spent over a decade with Munich Re prior to joining Manulife as CRO, Asia in 2022.

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