-
- February 6 2023
AM Best hands Bangkok Insurance B++ rating, withdraws after request
The Thai insurer has requested to no longer participate in AM Best’s rating process.
-
- February 3 2023
Hong Kong’s MHK buys Lombard International Singapore
The deal is specialty (re)insurance and HNW life broker MHK Insurance Services' first overseas M&A foray.
-
- February 3 2023
Australia disaster funding under an independent review
Led by Andrew Colvin of Deloitte, the review evaluates government investment in disaster risk reduction and resilience.
-
- February 3 2023
Chinese insurtech Cheche Group initiates SPAC merger for US listing
The transaction values the combined company at an enterprise value of US$841m.
-
- February 2 2023
EV giant BYD in talks to acquire Yian P&C Insurance
The Shenzhen-headquartered insurer was seized by Chinese authorities in 2020.
-
- February 1 2023
India’s Digit Insurance US$440m IPO blocked by regulator: report
The insurer was last valued at US$3.5bn by Sequoia Capital and is backed by investors including Canadian billionaire Prem Watsa.
-
- February 1 2023
Liberty targets Asia Pacific M&A deals as demand revs up
As the region opens up, the specialty player has launched a contingent legal risk insurance product.
-
- February 1 2023
Indonesia’s general takaful sector grows 57%: Fitch
Despite the spurt in sales, general sharia booked a US$2.5m loss from increased claims.
-
- February 1 2023
India’s Union Budget to infuse US$490m into three state general insurers: report
It is the third consecutive injection since 2020 but the companies are still facing a shortfall in capital.
-
- January 31 2023
Swiss Re Corporate Solutions appoints distribution manager for Australia and NZ
Sydney-based Gavin White was most recently a global client executive in Chubb Australia & New Zealand's major accounts division.
-
- January 30 2023
India government likely to put on hold insurance law amendments: report
The bill looks unlikely to be presented at the upcoming budget session after demands from insurers for changes.
-
- January 27 2023
Australia’s October 2022 flood losses rise 6.4% to US$598m: Perils
The estimate includes property and motor hull losses for the majority of the market for floods in NSW, Victoria and Tasmania.
-
- January 26 2023
Malaysia’s market braces for claims amid severe floods
Over 12,000 people have been displaced by significant flooding in Johor, Sabah and Pahong.
-
- January 26 2023
NSW regulator fines two Suncorp brands over review timelines
SIRA fines arise from breaches of AAMI and GIO’s internal review timeframes from April 1, 2018 to August 31, 2020.
-
- January 25 2023
Fitch downgrades Sri Lankan Co-operative Insurance
CICPL's investment and liquidity risks have increased.
-
- January 23 2023
Happy Lunar New Year
InsuranceAsia News (IAN) wishes all our readers a relaxing holiday period.
-
- January 20 2023
Aon hires New Zealand CEO from Fidelity Life
Melissa Cantell, the life insurer's CEO, will start in June and is replacing Geoff Blampied who will stay on as executive chairman.
-
- January 20 2023
Vietnam’s PTI capital adequacy weak: AM Best
The firm suffered from underwriting losses associated with Covid-19 insurance policies.
-
- January 20 2023
IRDAI’s solvency exemption for United India bonds could trigger more redemptions
The regulator has allowed the insurer to exercise a call option despite not meeting the minimum solvency ratio.
-
- January 19 2023
Sure Insurance joins Australia’s cyclone pool
The Queensland home insurer is backed by Liberty Mutual Insurance and Pacific International Insurance.