The National Financial Regulatory Administration (NFRA) has given the green light to Shenergy Property & Casualty Insurance to acquire the insurance business of TianAn Property & Casualty Insurance, with talk of the move having circulated in the industry for around two years.
The East Asian Insurance Congress (EAIC) is back, and is currently taking place in Hong Kong where it recovers its mantle as the largest and most recognised event of its kind in the region.
Non-life insurer Urtrust Insurance is expected to improve its investment returns in the near-term as it continues to divest of volatile equity-type investments and focus on steadier fixed-income type investments., says Fitch Ratings.
Life insurer Pru Life UK has commissioned a comprehensive study to assess the financial health and behaviour of Filipino Muslims.
Changes to the types of data collected about First Nations people, how it is used and who controls it are needed if Australia wants to progress towards improving the lives and futures of Aboriginal and Torres Strait Islander people, a report commissioned by the Actuaries Institute suggests.
The Indian government could link financial support for three state-owned general insurance companies to their financial performance, after assessing their capital needs.
Hotai Insurance returned to profit by closing 2023 with a full-year net profit of NT$3.7bn ($115.8m), partially contributed by the release of reserve related to COVID-19 pandemic insurance claims, notes AM Best. The insurer reported a significant net loss of NT$36.9bn in 2022, predominantly attributed to pandemic-related claims.
Price Forbes Re has appointed Mr Oliver Waterhouse as head of property facultative. In his new role, he will spearhead the property facultative division, a core area of growth for Price Forbes Re.
The Insurance Association of Turkiye (TSB) has held a brainstorming event during which participants set several 10-year goals for the insurance sector.
Bermuda-based The Fidelis Partnership (TFP) has announced that it would broaden its reach in the Middle East, Africa, Asia, and Latin America, all of which have increasing demand for specialist (re)insurance solutions, enhanced by Lloyd's licensing and TFP's new Abu Dhabi office.