Prudential’s new business profit climbs to $686m in Q1
APE sales also rise 6% as margins expand to two percentage points. Prudential PLC reported new business profit of $686m for the first quarter of 2026, up 10% on a…
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Category: News
HDI warns Victoria Peak defences may fail under extreme weather
Existing safeguards cut landslide risk by over 75% but face new limits. HDI Risk Consulting released a comprehensive analysis of climate change risks facing Hong Kong’s Victoria Peak, warning that…
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CTF Life launches plan offering up to 6.5% IRR
Customers can switch between advance balanced and conservative allocation modes. CTF Life launched a new wealth management solution, which offers both single-premium and regular-premium payment options, with an expected total…
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Ping An reports $3.66b net profit, down 7.4% in Q1 as revenue falls despite operating gains
Revenue fell 7.1% year on year (YoY) to $34.88b (RMB238.5b). Ping An Insurance Group reported a 7.4% decline in net profit attributable to shareholders to $3.66b (RMB25.02b) for the three…
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Capital regime pressure hits Korean insurers’ margins amidst rising claims
New core capital ratio rule is set to tighten balance sheet quality. South Korea’s insurers might see weaker profits in 2026 due to capitalisation pressure from the new capital regime…
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Ping An Health growth weakens as insurance model shifts
Transition from off policy to on policy benefits reshapes earnings timing. Ping An Healthcare and Technology Company reported slower revenue growth but stronger earnings in the first quarter of 2026,…
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West P&I relocates office as Asia shipping portfolio grows
Club serves over 1,800 vessels across Chinese and Vietnamese shipping markets. West of England P&I Club has relocated its Hong Kong office, catering to Chinese and Vietnamese markets. The new…
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SBI General profit hits INR553 crores as share reaches 7.17%
Health segment grew 27% whilst the accident business expanded 40%. SBI General Insurance saw its profit after tax climb 8.6% year-on-year (YoY) to $0.06b (INR5.53b) in fiscal year 2026 (FY…
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Tata AIA plan covers 60+ critical illnesses with tax-free withdrawals
Market-linked returns support fund accumulation before medical needs arise. Tata AIA Life Insurance unveiled a unit-linked life insurance plan. The plan, Shubh Health Criti, earns market-linked returns, covers 60+ critical…
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FWD new business sales rise 4% to $720m in Q1
FWD is confident that the rising middle-class trend in Asia will continue long-term. FWD Group’s new business sales went up 4% year-on-year (YoY) to $720m in Q1 2026, according to…
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