Malaysia's Lonpac Insurance maintains 'A' ratings against the backdrop of a stable financial standing and adept navigation of post-pandemic claims surge.
Malaysian conglomerate MAA Group divests 85% of MAA General Assurance Philippines to Triple P for approximately US$49.3m.
Charles Taylor's Asia team surpasses 300 specialists with Matthew Cao appointed as MD of Southeast Asia alongside 10 other hires in Singapore, Hong Kong, and Malaysia.
Nat Cats have resulted in combined ratio of 105.6% over the last 5 years, but product initiatives, hard reinsurance market, and strategic reduction in Lloyd's business should see continued improvement in the medium term.
Armed robberies in the Singapore and Malacca straits have surged; inadequate interception and investigations are leading to rising concerns about the impact on regional trade.
Following a comprehensive consultation process, BNM has announced that its updating the DITO framework, with plans to finalise it by H1 2024.
The US$100k fund incentivises innovative insurance solutions which improve climate resilience and reduces the protection gap for Malaysian SMEs.
AIA Group announces veteran financial sector leader, Mohd Yunus, will join as Independent Non-executive Director and Nomination Committee Member.
Fitch Ratings has reaffirmed Pacific & Orient Insurance's IFS rating, citing the firm's strong capitalisation and prudent investment approach, despite stressed profitability and fierce competition in the Malaysia's motor insurance industry.