The Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance &Technology Network (GFTN) to strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services.
Tysers has appointed Ms Babita Rai as CEO, Singapore and Mr William Furness-Smith as head of marine, APAC.
Singapore's lawmakers passed a new law on 16 October, granting the the Minister-in-charge of MAS to have powers to consider the views of the Community Minister in approval processes for deals involving an insurer that is either a co-operative (Co-op) or linked to a Co-op.
Among a sample of high-income retirees polled in Singapore, 15% have been caught off guard by higher-than-expected costs, despite only 4% failing to plan for their retirement expenses, a new survey by Sun Life Asia reveals.
Specialist Risk Group (SRG), a fast-growing specialist insurance intermediary, majority-owned by Warburg Pincus and Temasek, has announced its launch in Asia Pacific, marking its expansion into the region.
Price Forbes Singapore has appointed Ms Cassaundra Tan as director of employee benefits. In her new role, she will lead the development and expansion of the employee benefits division in Singapore and across international markets.
The Singapore government has decided that it would not be in the public interest for the proposed S$2.2bn ($1.68bn) sale of a stake in Income Insurance to global insurer Allianz, in its current form, to proceed.
HSBC Life has introduced Life Treasure III, a regular premium, participating whole life insurance plan which allows clients to multiply their coverage by up to six times, provides financial safeguards for accidental death, and offers broader protection against critical illnesses.
MSIG has appointed Mr Christian Kolmberger as senior vice president, underwriting, reinsurance and claims and Mr Rajnish Pal as senior vice president and head of transformation.
Singapore Reinsurers' Association (SRA) has announced that its membership base has grown by three.