GI: Personal

Hong Kong earmarks ILS and captives in 2024-25 budget

February 28 2024

ILS and captives key measures among other insurance-relevant plan and align with Insurance Authority's 2024-25 twin priorities.

sp-global-affirms-tokio-marine-insurance-singapores-ratings-following-revised-rbc-criteria

S&P affirms Tokio Marine Insurance Singapore's ratings following revised RBC criteria

February 28 2024

Stable outlook remains as S&P highlights its key role within Tokio Marine Group and disciplined underwriting.

Crawford strengthens Malaysian presence with appointment of Wong Tai Onn

February 27 2024

Wong joins Crawford & Co as Head of Region for Johor and Malacca.

prashant-grover-appointed-allianz-insurance-lanka-ceo-and-country-manager

Prashant Grover appointed as Allianz Insurance Lanka CEO

February 27 2024

Grover started with Allianz in 2007 and is promoted from his role as Regional Lead of Business Transformation.

allianz-asia-pacific-reports-33-growth-in-operating-profit

Allianz Asia Pacific reports 33% operating profit growth in 2023

February 26 2024

Allianz APAC's Life & Health business saw operating profits grow 35%, while P&C business grew 26%.

IRDAI maintains obligatory cession rate at 4% for 2024-25

February 25 2024

Insurers to continue ceding 4% of GI business to GIC Re, excluding terrorism and nuclear pool premiums.

Zurich opts for 70% upfront stake purchase of Kotak General

February 23 2024

Kotak Mahindra Bank announced Zurich's revised plan to acquire 70% stake in single transaction, altering the initial phased acquisition strategy.

zurich-asia-pacifics-operating-profit-surge-18-to-record-us565-million

Zurich Asia Pacific’s operating profits surge 18% to record US$565 million

February 23 2024

APAC P&C gross written premiums up 11%, while life insurance business surge 88%.

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NSW launches Australia's first State Disaster Mitigation Plan to help combat rising nat cat costs

February 23 2024

Plan promises a proactive approach to disaster risk reduction including improved early warning systems and reviews of building codes and insurance levy arrangements.

indias-non-life-providers-notch-three-quarters-of-solid-growth

India’s non-life insurers notch three quarters of solid growth

February 23 2024

Major segments thrived, while smaller lines of business like marine and liability faced challenges.

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