Arch Insurance (Arch) has appointed Ms Amanda Seng as Southern Region property underwriting manager, a newly created role. In her new role, she will be responsible for managing the underwriting activities across Arch's property portfolio for the Southern Region. She will also oversee product development.
The leaders of three major Japanese non-life insurers apologised at their respective general shareholders' meetings on 24 June over scandals rocking the industry.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has expanded the scope of coverage of building completion insurance, which was introduced in 2015.
Insurance companies in China had received 18,400 claims related to rain-caused damages as of 12pm on 23 June.
Material changes to the shareholding structure of Income Insurance could ultimately weaken the likelihood of support from the Singapore government through NTUC Enterprise Co-operative, the majority shareholder of Income Insurance, said S&P Global Ratings (S&P).
Sanlam Limited (Sanlam) and MultiChoice Group have entered into an agreement for Sanlam to acquire 60% of MultiChoice's insurance business, NMS Insurance Services (NMSIS), as well as a long-term commercial arrangement to expand insurance and related financial service offerings into MultiChoice's extensive African subscriber base.
With a rise in credit risk, the Omani insurance industry faces increasing challenges due to the enhanced impact of Expected Credit Losses (ECL), says the Dubai-headquartered international actuarial consulting company, Badri Management Consultancy.
The earnings of Qatar General Insurance & Reinsurance Company (QGIRC) have been supported by a track record of adequate underwriting profitability, with the company generally reporting positive technical results, says AM Best.
The outlook for most of the life insurance markets in Asia Pacific is stable, said S&P Ratings Services in a report published last week.
The costs associated with some New Zealand adventures can be just as expensive as their overseas equivalent, according to Southern Cross Travel Insurance (SCTI).