MNRB Holdings' proposed acquisition of the remaining 80% equity interest in Labuan Re marks a significant strategic step in strengthening the Group's international reinsurance platform, the holding company said in a statement.
Property insurance companies generated a combined total of CNY222.6bn ($32.8bn) in premium income in the motor branch in the first quarter of 2026, according to data released by the National Financial Regulatory Administration.
Ping An Property & Casualty Insurance Company (Ping An P&C) continued to deliver a double-digit return on equity at 10.3% in 2025, per AM Best calculation.
Australia's superannuation system continued to expand in the March 2026 reporting period, with total assets rising to A$4.44tn ($2.93tn), according to the latest figures released by the Australian Prudential Regulation Authority (APRA). The figures represent a 7.9% year-on-year increase.
The credit insurance claims ratio in the combined general insurance and reinsurance industry was 97% in March, an improvement from 108.40% in February 2026, according to data from the Financial Services Authority (OJK).
Insurance companies in South Korea generated KRW4.48tn ($3bn) in net income for the first quarter of 2026, up by KRW389.6bn or 9.5% from the corresponding quarter a year earlier, according to preliminary data released by the Financial Supervisory Service (FSS).
Techcom Life, an 80% subsidiary of Techcombank, has entered the ranks of the Top Five life insurers in Vietnam in the first four months of this year in terms of new business premiums.
Zurich Insurance has announced the promotions of Mr Giles Crowley and Mr Kin Lee to its APAC commercial insurance business. Mr Crowley has been promoted to Head of Customer and Distribution Management (CDM), APAC, and Mr Lee to Head of Energy, APAC.
The Philippine Health Insurance Corporation (PhilHealth) has paid out PHP143.22bn ($2.32bn) in benefit claims nationwide from 1 January 2026 to 30 Apri, 2026, marking a 56.15% increase compared to the PHP91.72bn released during the same period last year, reported the Philippine News Agency.
The operating performance of Qatar Islamic Insurance Group (QIIG) is strong, says AM Best, which expects profitability to remain broadly consistent with 2025 results over the medium term, supported by strong underwriting profitability and moderate investment returns.