insurance
Gallagher strengthens Australian presence with acquisition
Gallagher strengthens Australian presence with acquisition
Prasidium’s office will integrate into Gallagher offices across the country.
Tokio Marine launches Business Architect programme
The programmes are set to start in May.
AIA, Prudential grapple with China sales issue: UOBKayHian
However, both companies' exposure to the involved brokers is limited.
Reinsurers see April renewals stabilise
Increased capacity alongside demand was seen in APAC, says Aon.
Marsh McLennan Q1’24 revenue up 9% to $6.5b
Marsh’s APAC business saw its revenue jump 6% YoY.
Allianz sells 51% stake in Saudi unit
Abu Dhabi National Insurance is the buyer.
Malaysian Re inks deal with Chinese firms on cancer treatment
It hopes to improve products under health and medical.
IRDAI removes age cap for health insurance: Report
Other improvements have also been made to India’s healthcare system.
Indonesia grants operating licence to PT Orion Reasuransi
Its licence is effective immediately.
Munich Re's regional restructuring focuses on P&C business
New leaders have been selected for Japan, Korea, and India.
ICICI Lombard's GDPI climbs 17.8% in FY’24
Its Q4’24 earnings were driven by motor and health segments.
Vietnam's general insurance to hit $3.9b by 2028
Motor insurance holds the third-largest share in 2023’s GWP.
Generali revamps organisational structure
Generali Investments Holding will manage global asset management activities.
HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.
Asia bears $17b of Q1 natural disaster economic loss
Less than half of the global economic losses were insured during Q1’24.
Liberty Mutual bolsters capabilities to expand in APAC
Liberty Specialty Markets and Asia Retail Markets will merge.
S. Korea sees 189 large liability claims in a decade
It was an average of 19 claims per year and a loss amount of KRW3.2b per claim.
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