The Singapore Reinsurers' Association (SRA) has announced its new Executive Committee line-up for 2024-2025 as well as its new logo and website.
FWD Singapore has formed a partnership with Income Insurance to provide customers with vehicle insurance coverage with effect from 2 July 2024.
Cathay Life Insurance, Taiwan's biggest life insurance company, has seen its issuance of $600m 10-year overseas subordinated corporate bonds oversubscribed by around three times.
Sun Life Singapore has launched SunBrilliance Whole Life, a life insurance solution tailored for wealth and legacy planning.
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).
UIB Asia has appointed Mr Richard Oh as senior executive director (head of marine treaty and facultative), Ms Rita Au as senior executive (broking support), Mr Saw Tong Nee as executive director and head of the facultative and specialty division and Ms Tam Hui Von as broking executive in the facultative and specialty division.
MS First Capital Insurance (MSFC) has appointed Mr Vikas Shukla as CEO, subject to regulatory approval. He succeeds the late Mr Ramaswamy Athappan, who passed in May 2024.
Australasia's specialist insurance & risk law firm Wotton + Kearney officially opens its Asia hub in Singapore this week, establishing itself as a major legal player in insurance and risk across the Asia Pacific region. Wotton + Kearney's Asia move represents a first for an Australian-domiciled insurance and risk law firm.
At the 50th annual general meeting, the Singapore Insurance Institute (SII), elected its council members for the 2024/2025 term:
INCOME Insurance is currently "in discussion" with European insurer Allianz on a transaction relating to Income's shares, it said recently. The statement follows media reports that the two insurers are in talks about a possible tie-up, which could see Allianz buying a stake in Income, or a partnership agreement.