News
RGA and Dai-ichi Life sign $1b coinsurance deal
RGA and Dai-ichi Life sign $1b coinsurance deal
The effective date of the transaction is 31 March 2025.
Australia sues insurance comparison site Choosi for alleged misleading claims
About 4,225 funeral insurance policies and 9,478 life insurance policies may be affected.
Swiss Re promotes Cyrus Pang to director, Asia head of claims
Pang has been with Swiss Re for over 4 years.
AIG names Celina Ennis as head of ANZ
Ennis will join from Allianz, where she worked for 4 years.
Lockton appoints Darryl Lee as head of ProExec
Lee joins from Aon, where he spent 8 years.
Australia to redraft new insurance code of practice
Public consultation will take place in the first quarter of 2026
FuSure expected to maintain strong balance sheet as it expands business
It recently received a long-term reinsurance license authorisation from Hong Kong regulators.
Sompo Japan Insurance submits improvement plan after info leakage
It has apologized to customers and stakeholders.
Dai-Ichi Life HD buying 15% stake in M&G, expects $2b in new business
There will be no change in M&G’s issued share capital.
Igloo launches digital tools to support insurers and partners
This is because APAC insurers spend under 3% of GWP on tech.
Japanese life insurers increase US exposure for stable returns
Fitch expects the share of overseas business from North America to grow steadily.
Prudential Hong Kong begins accepting claims for histotripsy care
Histotripsy uses focused soundwaves to create microbubbles within a tumour.
FWD Hong Kong adds cross-border care via New Frontier deal
The initiative includes a cashless hospitalisation service.
This week in insurance: UPI dominates payments in India, AXA re-domiciles to HK, Vietnam goes digital
In addition, SingWealth Holdings has obtained an insurance brokerage licence in Hong Kong.
Howden Re sees capital inflows boost mid-year reinsurance supply
Renewals generally saw strong demand, with most programmes achieving full subscription.
Singlife adds turbulence injury payouts to travel insurance plans
This new benefit is now included in all tiers of its travel plans.
Bupa Hong Kong expands network with four mainland China partners
The insurer added 69 locations in 10 mainland cities.
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