Insurance Asia

He takes charge of the worldwide Liability Global Risk portfolio from 1 July.

Morningstar sees total revenue rising to $57.6b as rate hikes offset higher claims.

FY 2025 adjusted profit reached $6.3b, helped by equity sales and lower catastrophe losses.

The insurer wants to move from ninth place into the top 5 global insurance groups.

Around 233,000 PAR policyholders active as of 31 March are eligible.

The insurer reported a 10.3% ROE and mid-single-digit investment yield in 2025.

Bancassurance and employee benefits also contributed to premium increase.

Morningstar still expects underlying growth after stripping out volatile disaster impacts.

Maybank raised its 2026 forecast after a strong second quarter of 2026.

The customer outreach network spans 26 states and more than 13,000 pin codes.

Insurers are increasingly using AI-based systems that allow risk assessment at the property level.

The policy covered yield losses from excessive rainfall during the main harvesting period.

Sangal joins the Philippines executive committee as Kee prepares to succeed Graham.

Both roles are based in Singapore and cover regional commercial insurance operations.