Attack on KMAX Ruler, which was due to transport iron ore to China, led to a fatality and injuries to Filipino crew, prompting a sharp increase in marine war risk premiums.
The campaign releases seventh annual scorecard, with Australia's QBE highest ranked among Asia Pac (re)insurers, Japanese insurers middle of the pack, and Chinese insurers propping up the table.
AM Best upgrades ERGO Insurance's credit ratings to A+ (Superior), noting the important role in parent company Munich Re's Southeast Asia growth strategy.
Tadmoury has been with the commercial property insurer for over three decades and will take over from James R. Galloway, who retires on 31 Dec after 37 years of service.
The Official Committee of Unsecured Creditors pushes for liquidation and draws parallels to infamous Ponzi scheme run by Bernie Madoff, while Vesttoo's interim CEO defends reorganisation strategy, asserting...
A report by consultants Capgemini show the population aged over 50 is projected to double from 1990 to 2050 — with life insurers facing the prospect of substantial AUM outflows to beneficiaries.
The purchase will strengthen bolttech's operations in Europe, Asia, and Africa, including expansion of its footprint to four new countires: Poland, Croatia, Lithuania, and South Africa.
