News

Arthur J. Gallagher & Co. acquires Philinsure

Gordon Joseph and his team will continue to lead operations.

Kita expands carbon insurance coverage to Australia

The move boosts its presence in the region, it said.

APAC insurance M&A drops 25% as firms focus on organic growth

Globally, M&A activity hit a 16-year low in 2024.

53% of firms cite insurance exclusions as clean energy hurdle

They also plan to increase their investments in clean energy technologies by 34%.

Prudential Services India to expand, adding over 400 tech professionals

These professionals should specialise in data, AI and cyber security.

FWD’s first net profit under IFRS 17, records $24m in FY 2024

Operating profit after tax rose 29% year-on-year.

Philippine insurers to adopt IFRS 17 standard by 2027

But insurers may opt to begin adjusting their financial reports prior to the date.

Marsh Specialty welcomes new president

He has more than 35 years of service at Marsh.

Tata AIA’s new plan offers flexible financial security, wealth creation

It also ensures continued benefits if the policyholder passes away.

BMS CEO’s key to success is communication

Asking for support shows self-awareness and commitment to growth.

Canopius records 10% YoY growth in profits for FY 2024

Insurance contract written premium surged 28% YoY.

KoverNow, Aristo Watch partner for luxury timepieces coverage

The insurer also offers plans for jewellery and handbags.

HDI Global launches Climate Consulting to assess, manage climate risks

It provides location-specific analysis of both chronic and acute physical risks.

Ping An, Collinson International ink deal for flight delay benefit

Customers are granted access to the lounge or a chosen benefit.

Singapore life annuity insurance market to grow by $603m by 2028

The attractiveness of fixed annuities has been a key driver.