GI: Personal

ardonagh-group-closes-in-on-psc-insurance-reports

Ardonagh Group closes in on PSC Insurance acquisition - reports

May 7 2024

AU$2bn (US$1.33bn) deal reportedly drawing closer, with some competitors said to have withdrawn over valuation concerns.

Zurich Malaysia and GXBank agree 10-Year bancassurance partnership

May 6 2024

New partnership will offer microinsurance for Malaysia's underserved, starting with cyber crime protection in Q3.

macau-floods-after-first-black-rainstorm-in-3-years-prompting-calls-for-drainage-review

Macau sees floods after first black rainstorm in 3 Years, prompting calls for drainage review

May 6 2024

Torrential rain leads to widespread flooding and calls for infrastructure reassessment.

world-bank-and-jamaica-renew-cat-bond-with-us150m-issuance-in-hong-kong

World Bank issues US$150m parametric cat bond in Hong Kong for Jamaican storm cover

May 6 2024

Jamaican Government's hurricane cover renewed through World Bank's second HK-listed cat bond.

Hong Kong's RBC regime set to begin 1 July following Government gazettal of subsidiary legislations

May 6 2024

Formality of Legislative Council's negative vetting to occur on 8 May, with changes expected to go live on 1 July 2024.

nsw-government-launches-netstrata-review-following-allegations-of-excessive-insurance-brokerage-fees

NSW Government launches Netstrata review following excessive insurance brokerage fees allegations

May 4 2024

Review launches amid broader concerns of systemic issues in strata insurance, highlighted by recent ACIL survey.

KOBA Insurance launches Australia's first dedicated EV policy

May 3 2024

Pay-as-you-drive policy is initially for Tesla owners, but access to other brands will roll out in the 'near future'.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

Australia's General Insurance code breaches rise 34% in 2022-23

May 3 2024

New data from the General Insurance Code Governance Committee shows a continued uptick in code breaches.

kpmg-china-appoints-longworth-and-hussain-to-key-insurance-roles

KPMG appoints Longworth and Hussain to key insurance roles

May 3 2024

KPMG China appoints Mark Longworth (pictured left) as Global Head of Insurance Advisory and Tan Hussain (pictured right) as Actuarial Modelling leader, with both based in Hong Kong.

NFRA calls for swift insurance response to Guangdong highway collapse

May 3 2024

Another disaster hit rain-stricken Guangdong on Wednesday, with insurers fast-tracking 10.62m yuan (US$1.47m) in claim payments so far.

Garry Xue takes on new Executive Director role at Munich Re

May 2 2024

Xue appointed Executive Director, Head of Origination for Hong Kong, Taiwan, and Multinationals at Munich Re Markets, according to a LinkedIn update.

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