News Page 11 / 873
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- April 8 2024
Taiwan earthquake set to be ‘notable event’ for local carriers: Aon
Relatively high take-up rate of residential earthquake insurance will impact the country's insurance industry as economic losses from the event is set to reach 'hundreds of millions dollars', the broker said.
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- April 8 2024
South Africa’s Sanlam raises stake in Indian insurance JVs to over 50%
Following the deal, Sanlam's areholding in Shriram General Insurance will increast to 50.99% and in Shriram Life Insurance to 54.40%.
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- April 8 2024
Samsung Fire & Marine quits bancassurance as sales flag: report
The move from savings to protection products have made the banking channel less attractive non-life carriers in Korea, especially since the introduction of IFRS17.
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- April 8 2024
Eastern Australia hunkers down as threat of ‘blue sky flood’ continues
After the wild weather slammed the country’s south-eastern states, the New South Wales government has declared an emergency even as skies cleared up and Queensland continues to on alert as the rain event hasn't yet let up.
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- April 5 2024
Allianz Partners becomes first foreign reinsurer to set up in India’s GIFT City
The reinsurance branch in the special economic zone will focus on the non-life sector catering to B2B, reinsurance, travel, mobile devices and digital risk sectors.
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- April 5 2024
IAG forks out US$24m in compensation for underpaid staff
IAG, which self-reported non-compliance issues to the regulator in December 2020, also signed an enforceable undertaking with the Fair Work Ombudsman.
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- April 5 2024
HSBC elevates Ed Moncreiffe to CEO of global insurance
Daisy Tsang, chief distribution and customer officer, will be the interim CEO for HSBC Life Hong Kong until a permanent replacement is announced.
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- April 5 2024
Tune Protect Group CEO Rohit Nambiar steps down
Nambiar, who has been the CEO of the Malaysian insurer for more than three years, will remain in office till May 10.
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- April 5 2024
Analytics: Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
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- April 4 2024
Australia’s east coast prepares for floods as major rain event sets in
The BOM has issued flood watches for Queensland and New South Wales, with rainfall of up to 200mm likely by the weekend.
