News

Hong Kong court orders wind up of Target Insurance

The insurer was deemed insolvent by the insurance regulator.

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.

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.

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.

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.

FWD reports $200m before tax operating profit in H1

Its value of new business increased by 25% for the first half of 2022.

Singlife with Aviva rolls out cover for electric vehicles

The insurer will also offer a 10% discount for EV users.