Djan Magbanua
Hong Kong court orders wind up of Target Insurance
Hong Kong court orders wind up of Target Insurance
The insurer was deemed insolvent by the insurance regulator.
Astra International mulls sale if insurance business
The deal could value the business at $500m.
Aon names new Indonesia CEO
He was previously the CEO of Pacific MMI Insurance.
Japanese insurers to face stagnant growth in the next five years
Sluggish sales of term life and savings products are slowing down the industry.
Prudential Financial appoints CEO for Japan operations
The current CEO will retire by the end of the year.
Pandemic insurance claims to drag Cathay Century’s operating results: AM Best
However, the ratings firm said this is a one-off event for the insurer.
AIA in talks to buy Philippines MediCard
The deal could raise the value of the healthcare provider to $350m.
Allianz Malaysia joins Malaysia-focused early stage venture fund
The fund is backed by Gobi Partners.
Insurtech KoverNow launches protection for luxury watches
The insurance can be turned on and off on an as-needed basis.
Fosun Group cuts down insurance investments in New China Life
The group scaled down its Hong Kong-traded shares in the insurer.
Digit Insurance IPO put on hold by regulator
The IPO would have seen $160m raised for the insurer.
India’s general insurance industry growth rate sluggish in August
Private insurers outpacing public peers continues to be a growing trend.
FWD launches new critical illness cover for Singaporeans
It protects policyholders from early stages of cancer, heart attack and stroke.
Virtual insurer Bowtie cuts down product prices by half
This is done by cutting out insurance agents from the onboarding process.
Chicago-based crypto insurer to launch in Hong Kong and Australia
It previously announced its capabilities to write policies in Canada and the UK.
AXA, HSBC launches domestic helper insurance in Hong Kong
It insures both domestic helpers and their employers.
New Zealand extreme weather claims hit $26.08m in July
Three extreme weather events triggered 6,266 claims for the month.
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AI isn’t replacing insurance, it’s finally making it work