A stocktake of the Chinese insurance industry shows that there were over 200 (re)insurance companies operating in the country as of 30 June 2024
German global insurer Allianz Group has received approval from regulators in China to move its entire stake in a property insurance joint venture with Chinese e-commerce giant JD.Com to its local unit, a move intended to streamline its operations in China.
One of the biggest Saudi insurers, Tawuniya, has signed several new agreements at a FinTech event in Riyadh, with the insurer looking to make more investments.
Nan Shan Life Insurance has the same capacity to meet its obligations denominated in both local currency and foreign currency, says S&P Global Ratings (S&P).
Arab Reinsurance Company (Arab Re) held over 65% of its investments outside Lebanon at the end of 2023. This has made its balance sheet more resilient to asset-side stress tests, including full impairment of Lebanon-based assets, says AM Best.
State-owned LIC, India's biggest life insurer, is set to enter the market for interest-rate derivatives, specifically, forward rate agreements (FRAs), reported Reuters.
Bennelong Funds Management and Leadenhall Capital Partners have now opened the LCP Insurance Linked Securities (ILS) Fund for investment.
BKI Holdings (BKIH), the holding company of Bangkok Insurance, will focus on investments related to insurance business in the first two years of group restructuring because the company has the most knowledge and expertise in the insurance sphere, Dr Apisit Anantanatarat, director and CEO of BKIH, has said.
Venture capital firm RB Ventures has been launched in Dubai to facilitate venture capital investments into (re)insurance, InsurTechs and other related sectors and providing deal-related services.
Aviva Investors has appointed Mr Denis Resovac as head of insurance solutions sales. In this newly created role, he will be responsible for leading the development of investment solutions for Aviva Investors' insurer clients across APAC.