Subject: Regulatory Page 27 / 92
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- June 1 2021
Tencent-backed venture receives HK reinsurance licence–report
FuSure Reinsurance has applied to reinsure 17 non-life lines including railway rolling stock, aircraft and ship liability.
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- May 28 2021
HKIA extends temporary facilitative measures to September 30
The exemption allows for the distribution of certain products via digital channels, telemarketing, post or video conferencing.
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- May 27 2021
Australian litigation funder backs Melbourne BI claims
Court House Capital backs hospitality businesses in A$20m claims dispute.
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- May 26 2021
Aon/WTW: New Zealand deadline extended to July 2
Antitrust reviews in Australia and Singapore are also still ongoing after Taiwan approved the deal last week.
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- May 24 2021
Nepal’s IB receives five applications for reinsurance licence–report
The Insurance Board requires applicants to have paid-up capital of around US$85m.
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- May 24 2021
China’s non-life underwriting margins to remain depressed in 2021: Fitch
Motor insurance reforms caused GWP to drop 30% on renewals despite increase of new vehicle sales.
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- May 20 2021
Aon/WTW: Taiwan’s antitrust authority gives the green light
The Fair Trade Commission says the mega broking deal would “not significantly restrict competition".
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- May 20 2021
Q&A: HKFI’s new chairman on the GBA, RBC and ESG
HSBC's Edward Moncreiffe explains some of the association's priorities over the next 12 months.
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- May 18 2021
China premium income rises 7.8% in Q1 amid Covid recovery
CBIRC data shows reinsurers were the top performers as assets grew 9.2% to over Rmb540bn.
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- May 17 2021
HKIA designates AIA, Prudential, FWD under GWS framework
Hong Kong joins Australia, Bermuda, Singapore and the UK by enacting group-wide oversight.
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- May 11 2021
Asia’s appetite for financial lines cover wavers
D&O rates harden amid SPAC fallout and increased regulatory scrutiny.
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- May 11 2021
Q&A: Canopius’ Mark Newman on environmental risk and ILS
The APAC chief executive also discussed the impact of Covid-19 on the Lloyd’s market in Asia.
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- May 10 2021
Asian Re’s loss ratio deteriorates as cat losses bite: AM Best
Underwriting results remain volatile with Asian Re's five-year average COR exceeding 125%.
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- May 6 2021
Labuan GWP hits US$1.6bn driven by captives and reinsurance
The Labuan FSA said premiums grew by 6.7% over the course of 2020.
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- May 3 2021
Hong Kong broker Convoy to be delisted
The move takes place on May 4 after a series of governance issues at the firm.
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- April 30 2021
Aon/WTW: EU conditional approval likely with no additional concessions — report
It is potentially a major step to the creation of the world's largest insurance broker.
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- April 27 2021
Australia’s turn to weigh in on Aon/WTW
The ACCC may also require asset sales as the US and EU seek divestitures.
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- April 22 2021
JLT dispute with Australian local councils set for court
The class action trial is expected to take place in the NSW Supreme Court in October.
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- April 20 2021
Q&A: Aon Re’s Qin Lu on China’s ‘unprecedented’ digital opportunity
Greater China CEO reflects on foreign investment, renewals, the GBA, P&C reforms and Covid-19.
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- April 19 2021
Suncorp prepares to defend itself against class action lawsuit
The Brisbane-based firm is accused of "misleading or deceptive conduct" over add-on cover.
