Staff Reporter
Fortitude Re inaugurates Tokyo Representative Office
It also announced the appointment of its Tokyo Chief Representative.
Aon opens climate innovation hub in Singapore
The climate hub will be housed in the Aon Centre for Innovation and Analytics.
Australia’s Mavco Insurance gets acquired by Gallagher
Gallagher Australia’s offices will absorb Mavco’s employees.
QBE gross written premiums up 11% in Q1
The insurance firm expects to record a 10% growth for 2023.
VINARE to maintain robust performance: AM Best
Its return-on-equity ratio for the past five years proved better incoming performance.
AXA's gross premiums up 1% in Q1; life, health premiums fall
Its growth was driven by the property and casualty segment of the insurance firm.
China Non-Life Insurance stable in Q1: Fitch Ratings
Aggregate comprehensive solvency ratio of the Chinese non-life insurance sector remained high at 238%.
Generali launches Malaysia unit post-acquisition of AXA Affin
The transaction valued the acquired companies at RM1.29b.
Agricultural households covered skyrockets in 2022 vs 2010: Korea Re
This was boosted by the agricultural and fishery disaster insurance scheme.
Ping An paid out over 200 million cases in 2022
P&C claims had the most paid coverage with RMB194b.
Singapore’s life insurance industry down in first quarter
Annual premiums surged 24.7% on a quarterly basis.
AEON Retail partnership will offer device protection for Malaysians
It can cover smartphones, tablets, and other home appliances.
Starr Insurance puts up Labuan branch, Malaysia
The Labuan Financial Services Authority granted the insurer a general license.
Manulife HK and Macau insurance sales rise 26% to HK$1.66b in Q1
Critical illness plans and deferred annuity plans increased by over 40%.
Japanese tech firms create embedded property insurance for online real estate
The insurance will be offered to RENOSY customers.
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