Insurance
Helia Insurance sees claims normalising soon: Fitch Ratings
Helia Insurance sees claims normalising soon: Fitch Ratings
It holds a 34% market share in lenders' mortgage insurance (LMI) as of 1H’23.
Swiss Re welcomes new CEO, Mumenthaler steps down after 8 years
His role as CEO will be effective 1 July.
Etiqa introduces tailored pet insurance in Singapore
Pet insurance focuses on rising pet care costs and ownership trends.
Embedded finance market to double in four years
The industry’s growth is seen to continue at least in the next four years, mainly due to the B2B market.
Property catastrophe reinsurance sees ‘strong’ appetite on higher returns
At $670b, total global reinsurance capital is now close to the 2021 peak levels.
Prudential Financial closes $12.5b reinsurance deal with Somerset Re
The transaction is expected to result in around $450m of proceeds.
Swiss Re promotes Stephanie Wong as head of Casualty & Finpro
She has worked with Swiss Re since 2022.
NDIA holds quarterly meeting for further enhancement of the RFO programme
The programme focuses on identifying scheme improvements prior to the government’s response to the NDIS review.
S&P expects modest growth for BOC Insurance amidst market dynamics
The firm is expected to continue to provide high dividends to the BOC Group.
Malakut boosts international team with Sogo Yasuda at helm
The broker established a new globally integrated Japanese brokerage department.
Mitsui Sumitomo, Aioi Nissay issue joint cat bonds
This issuance marks the 7th for Mitsui Sumitomo Insurance.
AXA launches new deferred annuity plan for retirement
Policyholders can withdraw guaranteed monthly annuity payments from age 50.
FWD Philippines, Moneymax partner for insurance access
The platform will include FWD’s offerings for critical illness, accidental death, and lifetime protection.
Markel expands into Australia with specialised coverages
The new professional indemnity products cover six professional areas.
Singapore’s insurance agent numbers wane, appeals fewer since 2015
Around 90% of these agents were Singapore citizens.
South Korea eyes more investments in trade insurance
South Korea's exports have shown strong performance since the beginning of 2024.
Singlife Philippines secures $10.7m for digital expansion
The capital injection will be used for platform enhancement, product innovation, and partnerships.
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