News Page 265 / 1086
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- December 15 2023
OneDegree Group gets strategic investment from Dubai Insurance
Following the partnership, the Hong Kong-based virtual insurer will offer professional indemnity and directors' and officers' policies, primarily catering to web3 companies, in UAE.
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- December 15 2023
Swiss Re International to take over defunct Target Insurance’s EC policies
The 32 in-force employee compensation policies issued by the Hong Kong taxi insurer will be transferred from April 1, 2024.
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- December 15 2023
EQC hit with New Zealand’s biggest-ever class action for underpaying claims
The Christchurch High Court authorised the lawsuit that alleged that the earthquake commission saved US$932m by underpaying land damage claims from the 2010-11 Canterbury earthquakes.
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- December 15 2023
Seadrif Insurance hires Ellen Yong as chief operating and financial officer
Yong, who is relocating to Singapore from Bermuda, will lead the development of internal infrastructure and systems for the Asean catastrophe risk facility.
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- December 15 2023
China Aircraft Leasing gets US$23.57m insurance settlement for jets stranded in Russia
Following similar deals in the last two months, Russian insurer NSK will make the payout for one aircraft leased to Aeroflot and the Chinese lessor has agreed to release its claims against all parties.
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- December 15 2023
KSCFC to recover profitability despite changes in regulation: Moody’s
Rating agency affirmed A3 insurance financial strength rating; maintains stable outlook.
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- December 14 2023
New India Assurance admits NHPC’s Sikkim flood claims
The state-owned power producer's projects damaged in the flood include Teesta-V Power Station (510 megawatt) and the under-construction Teesta-IV HE project (500 megawatt).
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- December 14 2023
Insurer of shadow vessel grounded off Singapore ‘forcibly dissolved’ by Marshall Islands: report
Continental P&I, the little-known insurer which covered Liberty, the oil tanker carrying one million barrels of fuel oil, was shut down as it had no known address in the island nation, highlighting the challenges dark fleet poses to the industry.
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- December 14 2023
PICC P&C’s agricultural business sees fastest growth for 11M2023
The government's initiative to expand coverage to more commodities should help non-lifers to uphold their growth dynamics in agri insurance, analysts said.
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- December 14 2023
China rolls out red carpet for foreign marine insurers to boost reinsurance capability
Local insurers' underwriting and loss prevention capabilities can be improved, according to a guiding opinion jointly issued by the central bank and several financial regulators.
