News Page 165 / 1219
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- May 8 2025
Taiwan’s FSC revises digital insurer regulation to boost innovation, reduces capital requirement to US$16.5m
Key changes include allowing physical service locations and permitting foreign digital carriers to apply for a licence.
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- May 8 2025
IAG to centralise specialist functions of intermediated businesses CGU and WFI
As part of the revamp, the Australian insurer has appointed Fiona Geddes as executive general manager operations.
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- May 8 2025
Patrick Tiernan appointed Lloyd’s CEO, succeeding John Neal
Current chief of markets will start in the new role from June 1.
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- May 8 2025
Loss of key contract could impact Australian LMI specialist Helia: S&P
Global rating agency revised its outlook to negative from stable after Helia Insurance said it would likely lose a key contract with the Commonwealth Bank of Australia.
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- May 8 2025
Ex-Tropical Cyclone Tam 15th event to top AU$10m for Suncorp
The 15 events and other attritional natural hazard costs have meant natural hazard costs for the 10 months to April 30 are expected to be AU$1.1bn,
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- May 8 2025
‘Industry legend’ Paul Schappacher returns to AIG Australia as senior commercial property underwriter
Melbourne-based Schappacher previously worked at Chubb, Suncorp, Great Lakes and Zurich.
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- May 8 2025
Analytics: Hong Kong’s P&C reinsurance market narrows gap with Singapore
Hong Kong benefitted from RBC implementation in 2024, however, Singapore retained top spot in terms of GWP and underwriting results.
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- May 7 2025
Guoren P&C to maintain capital buffer to support growth, profitable underwriting: Fitch
Fitch affirms insurer rating of BBB+ for the Chinese non-life insurer.
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- May 7 2025
India’s Iffco-Tokio launches surety bond insurance: report
Construction industry has reportedly offered bank guarantees worth INR1.7 trillion (US$20.1 billion), which is projected to grow to INR3 trillion by 2030.
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- May 7 2025
Axa XL appoints veteran Marc Audrin as APAC, Europe CFO
Dublin-based Audrin has been at the Axa Group for over 32 years, with his most recent role being Axa XL's CFO for APAC, Europe and XL Insurance Company SE.
