News Page 74 / 1029
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- October 15 2024
Allianz, NTUC Enterprise and Income to review government’s objections to the deal
Allianz said it will consider revisions to the proposed transaction structure, while the government clarified that it is open to future new proposals if its concerns are addressed.
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- October 15 2024
Exclusive: Peak Re eyes South-East Asia A&H growth with senior RGA hire
The Hong Kong-based reinsurer has appointed Ashish Kanakia as vice president, underwriting, A&H, South-East Asia markets.
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- October 14 2024
Charles Taylor expands into Thailand through associateship with GATS
The partnership with the Bangkok-based company will allow the loss adjuster to provide a full range of adjusting and claims management services in the country.
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- October 14 2024
Singapore government rejects Allianz-Income deal
"The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.
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- October 14 2024
WTW hands Ivy Lee an expanded role of Asia food and beverage industry leader
Singapore-based Lee will focus on developing bespoke risk financing solutions for complex F&B organisations across Asia while also retaining her current role as head of property for the region.
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- October 14 2024
Secondary perils are the risk of the future: Munich Re’s Serene Chan
The reinsurer’s new Greater China P&C head discusses pricing trends, shift to non-proportional, cyber appetite and need for model robustness.
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- October 14 2024
GIC Re’s risk-adjusted capitalisation to remain robust over medium term: AM Best
The rating agency has upgraded the financial strength rating of the carrier to A- (excellent) from B++ (good) and the long-term issuer credit rating to "a-" (excellent) from "bbb+" (good), with the outlook for both revised from positive to stable.
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- October 14 2024
India likely to provide initial funding to set up P&I entity: report
An inter-ministerial consultation process was initiated this year to create the marine insurance entity, with participation from the industry.
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- October 11 2024
Tokio Marine achieves carbon neutrality in FY2023
The group has set a target US$316.8m in decarbonisation-related insurance premiums on a global basis by the end of FY 2026.
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- October 11 2024
Tower nearly doubles FY 2024 NPAT guidance to US$50m
The carrier's results to benefit from no large events being recorded in the financial year and stronger-than-expected business performance.
