News Page 262 / 1091
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- January 15 2024
Hong Kong’s proposed risk-based capital requirements extend waivers to marine, captive insurers
The Insurance Authority of Hong Kong has proposed a set of rules that seek to lighten the compliance burden for captives and marine insurers under the new capital regime slated for 2024 2H.
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- January 12 2024
Income Insurance to list on private stock exchange: report
The composite insurer’s shares will be listed under Alta and PhillipCapital’s share liquidity programme.
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- January 12 2024
China Taiping former deputy manager Xiao Xing arrested
Xiao was arrested on suspicion of taking bribes after China's top anti-graft watchdogs found 'severe violations of discipline and law' on his part.
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- January 12 2024
Insured losses from Japan earthquake could reach US$6bn: Moody’s RMS
The final estimates could inch upwards as this model does not include losses to non-modelled exposures such as transport and utility infrastructure, government, or automobile lines, the cat modeller said.
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- January 12 2024
Sedgwick Australia brings Crawford veteran Jonathon Vaisey to head major and complex loss property
Vaisey brings over 20 years of experience as a chartered loss adjuster with expertise in the investigation and management of complex property claims.
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- January 12 2024
Insurance Council of New Zealand appoints former cabinet minister as CEO
Kris Faafoi takes over from the current CEO Tim Grafton, who will step down on April 7.
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- January 11 2024
Axa XL bolsters APAC & Europe team with new appointment
Amsterdam-based Shanna Zrini has been named underwriting business owner for Asia Pacific and Europe.
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- January 11 2024
Insurtech: Six tech predictions for the insurance sector in 2024
2023 was undoubtedly the year artificial intelligence (AI) went mainstream in the insurance industry. Many leaders are now entering 2024 with high, and potentially inflated, expectations on the potential of AI to ignite an era of accelerated technology led change. Fintechs are seizing the moment, finding ways to bring value to traditional insurers. Insurers are […]
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- January 11 2024
Exclusive: Sedgwick takes Crawford’s Veronica Grigg as Asia CEO
The loss adjuster's interim CEO Stephen Kerr will transition into the role of chief operating officer for Asia, while Simon Kay has been appointed director of executive services.
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- January 11 2024
Indonesia to raise minimum capital requirement for insurers to US$16m by 2026: report
For reinsurers, the minimum equity required will be US$32m in 2026, which will be increased to US$128m by end of 2028.
