Sun Life Singapore has launched SunBrilliance Whole Life, a life insurance solution tailored for wealth and legacy planning.
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.
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).
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.
At the 50th annual general meeting, the Singapore Insurance Institute (SII), elected its council members for the 2024/2025 term:
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.
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.
Income Insurance has announced that it is currently in discussion with German global insurer Allianz on a transaction relating to the shares of the Singapore company.
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
The insurance market in Singapore continued to adjust to the evolution of risk over the past 12-24 months, noted Aon, a leading global insurance broking company.