bolttech is said to be considering a U.S. IPO to raise between $250m to $300m and based on the firm's valuation of US$1.6bn after its last funding round.
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.
GWP forecast to hit SG$7.35bn (US$5.5bn) by 2028 thanks to increasing demand and new regulations, but growth slowdown anticipated due to economic and geopolitical challenges.
The Monetary Authority of Singapore is encouraging the use of innovative insurance products to address uncertainties and risks involved in financing early retirement of coal-fired power plants.
The recently designated 'domestic systematically important insurer', had its stand-alone credit profile upgraded following its reduced use of leverage.
The Monetary Authority of Singapore (MAS) has designated AIA, Prudential Assurance, Income Insurance, and Great Eastern as domestically systemically important insurers (D-SIIs), subjecting them to higher...
