As part of 'refreshed' strategy, reinsurer has raised L&H unit's 2026 income target to US$1.7bn, having completed a portfolio review in Australia, Israel, and South Korea.
The firm's new business profit also rose 12% to US$1.96bn for the first 9 months of 2025, driven by a 6% increase in annual premium equivalent and a stronger profit margin.
The agreement expands LIC’s reach by adding YES Bank’s 1,295 branches and 235 business correspondent outlets to its network of more than 3,600 locations.
Shareholders have backed the sale of Fortegra to South Korea's DB Insurance, which would mark the first-ever acquisition of a U.S. insurer by a Korean non-life insurer.
China Taiping finds itself on both sides of the claims ledger following Hong Kong's deadly Tai Po fire, with its reinsurance subsidiary among three confirmed reinsurers backing the group's primary insurance...
