Country: South Asia Page 33 / 58
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- August 26 2020
Axa Bharti GI deal could spark ‘season of consolidation’
As India's P&C players struggle to grow organically, M&A could be the order of the day.
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- August 26 2020
Axis Bank to take reduced stake in India’s Max Life
Discussions with the Insurance Regulatory and Development Authority led to a revised deal.
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- August 24 2020
India’s Bharti Axa GI acquired by ICICI Lombard
The new entity will become India's third-largest P&C player.
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- August 18 2020
Axa’s streamlined Asia strategy could see disposals
Sales in Singapore, India and Malaysia would raise cash and simplify its footprint amid Covid losses.
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- August 13 2020
AIG, GIC Re on hook for Air India’s US$50m crash payout
The hull claim has been approved for the Boeing 737 that crashed last weekend at an Indian airport.
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- August 13 2020
Cover Genius selects ex-Manulife exec for SE Asia, India MD role
The insurtech sees the region as a "significant expansion opportunity".
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- August 7 2020
Asia monsoon season leads to US$20bn economic losses: Aon
There have been over US$750m of insured losses in China alone.
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- August 6 2020
Allianz reveals mixed first half Asia results
While L&H profits fell 9%, P&C climbed 21% bolstered by Malaysia, Sri Lanka and Thailand.
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- August 4 2020
United India withdraws AM Best rating, secures US$144m
P&C player's underwriting losses are concerning, as India's government turns to IPO of life giant LIC.
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- August 3 2020
Asia’s “unprecedented” political risk year
The market remains well-capitalised, but changing global dynamics require a refocus.
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- July 31 2020
India’s Bharti Axa and ICICI Lombard may merge: report
Bharti, the Indian conglomerate, has been looking to offload its insurance arms for some time.
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- July 29 2020
Asia accounted for minority of Q2’s insurtech fundraising
But investment shouldn't be equated with development, says WTW.
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- July 24 2020
Asia racks up H1 US$31bn nat cat bill: Aon
Cyclone Amphan and China's ongoing floods top loss list but much of the damage isn't insured.
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- July 24 2020
People Round-up: BMS, Markel, SBI General
Markel's Wanshi Lin to become a hull and war underwriter in its marine division.
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- July 24 2020
US tech giants enter India’s digital insurance market
Amazon and WhatsApp move into an increasingly competitive digital insurance sector.
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- July 22 2020
Indian insurtech shoots for US$3.5bn IPO valuation
More activity in the emerging market's digital scene, as CEO Dahiya taps "global interest."
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- July 21 2020
AM Best downgrades New India
The ratings agency also noted a worsening outlook for India's P&C players.
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- July 14 2020
India scraps public-sector merger
Government cites “current scenario” as it opts for US$1.3bn capital infusion.
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- July 13 2020
India to launch pandemic risk pool
The government also restarted talks to set-up a nat cat risk pool in June.
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- July 9 2020
India’s insurers may power state start-up funds
National insurers (such as GIC and LIC) are seen as large reservoirs of untapped capital.
