GI: Personal

cci-greenlights-zurichs-phased-70-stake-purchase-in-kotak-general-insurance

CCI greenlights Zurich's phased 70% acquisition of Kotak General Insurance

February 7 2024

The Competition Commission of India has provided full approval for Zurich's phased acquisition, first announced in November, starting with 51% in 2024, and a further 19% within three years.

Malaysia: Pacific Prime acquires MIT Insurance Brokers

February 7 2024

Global broker Pacific Prime completes full acquisition of MIT.

samsung-fire-marine-latest-insurer-to-reduce-motor-rates-amid-rising-cost-of-living

Samsung Fire & Marine follows other Korean insurers by reducing motor rates amid rising cost of living pressures

February 7 2024

Heeding call from the government, Samsung F&M spearheads 2.8% cut, with industry peers having already cut between 2.5% to 2.6%

Pacific property insurance rates stall after rising for 26 quarters

February 7 2024

Marsh says that there is now increased competition among insurers offering capacity in this market segment.

bolttech Insurance launches new HK travel product which includes 'Cancel for any reason' coverage

February 7 2024

MyTravel has a 'Superior plan' which provides up to HKD25,000 in reimbursements, subject to a 50% cap.

India braces for new entrants to its onshore reinsurance market

February 7 2024

Regulators have been travelling overseas to tout the country's strengths as a fast-growing place to do business.

indonesias-insurance-sector-set-for-consolidation-due-to-upcoming-minimum-capital-requirements

New capital requirements to drive consolidation in Indonesia's insurance market

February 6 2024

OJK will raise minimum requirements in 2026 and again in 2028, creating a leaner but more robust industry, Fitch said.

Munich Re launches global parametric risk unit

February 6 2024

German reinsurer launches dedicated unit to meet growth in the 'highly dynamic' parametric market.

Fitch maintains 'A' Rating for China Taiping Group

February 6 2024

Taiping Life sees 9.4% growth, but TPRe faces underwriting loss in 2023 following severe nat cat events.

Global: Howden names David Shalders as Group COO

February 6 2024

Shalders, who has over 30 years of financial services experience, will move to Howden from the London Stock Exchange Group.

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