Transamerica Life Bermuda has appointed Ms Kristine Ung as CEO, effective 1 May 2025 and subject to regulatory approval.
Income Insurance, a composite insurer in Singapore, has selected JP Morgan as the custodian bank for its assets.
On 2 April 2025, the Liberation Day tariffs announced by US president Donald Trump came into effect, with Singapore prime minster Lawrence Wong saying that "Asia bears the brunt of the US tariff increases" in his ministerial statement.
It would be in the interests of governments to collaborate with companies to develop capabilities, including computer platforms, to enable maritime administrations in coastal states to enhance their maritime awareness and track tankers in the dark fleet, according to a guide released by the Centre for International Law at the National University of Singapore.
Sun Life, in partnership with global sport for social change foundation Beyond Sport, has announced the extension of its "Hoops + Health" philanthropy programme for the second year, with the goal of helping 45,000 young people get active by the end of 2025 by providing safe spaces, coaching programmes and equipment in underprivileged communities.
Prudential Singapore and Thomson Medical Centre (TMC) have signed a partnership agreement to enhance the healthcare experience for customers. With effect from 1 April 2025, Prudential Singapore's Integrated Shield Plan (IP) customers will have access to more specialist doctors from TMC.
Called Signature Indexed Income, this first-in-market innovation looks to reshape income planning with its unique combination of Indexed Universal Life (IUL) insurance and highly customisable income payout features.
Less than a third (27%) of respondents in Singapore report high readiness from a data perspective to adapt, deploy, and fully leverage AI technologies, according to the Cisco report, titled "2024 AI Readiness Index - Hype Meets Reality".
Prudential Singapore has launched the Prudential Wealth Suite (Wealth Suite) - an exclusive space for the life insurer's Private Client Advisors (PCAs) to serve their expanding pool of high net worth (HNW) customers who seek comprehensive wealth and financial planning services in Singapore.
The new management committee of Life Insurance Association of Singapore (LIA Singapore) has announced its priorities for the year 2025. The four top priorities are: