QBE names Carles Tondo as Asia head of property
Tondo was head of property and technical lines from another insurer. QBE Asia has appointed Carles Tondo as head of property for Asia. Tondo is tasked with driving the growth…
Read article →
QBE Insurance expected to hit $2b net income in 2026: S&P
Exit from non-core lines will benefit the group, and capital will remain strong. QBE Insurance Group Ltd. is expected to see strong results in 2026 and beyond, with full-year net…
Read article →
Allianz General expands financial cover for SME and foreign worker policyholders
SMEs facing forced closures of over 48 hours can get up to MYR20,000 ($5,100). Allianz General Insurance Company (Malaysia) Berhad is offering complimentary financial assistance to small and medium enterprises…
Read article →
Asia-Pacific insurers face $200b legacy tech burden
Outdated tech and entrenched processes continue to hamper operations. Asia-Pacific (APAC) insurers risk falling behind digital competitors if they continue relying on legacy technology, which limits their ability to respond…
Read article →
Zurich to acquire ClearView for $293m
Shareholders are set to receive $0.46 in cash per share. Zurich Financial Services Australia (Zurich) will acquire ClearView Wealth Limited (ClearView) through a scheme of arrangement, in a deal that…
Read article →
Hong Kong pushes insurers to back low-altitude economy
Operators of small unmanned aircraft must carry third-party liability cover of $1.3m to $2.6m. Hong Kong’s insurance regulator said it is working with insurers to support the development of the…
Read article →
Tokio Marine Insurance Singapore to remain central to Asia operations: S&P
The ratings agency says business growth should continue alongside underwriting discipline. S&P Global Ratings expects Tokio Marine Insurance Singapore Ltd. (TMIS) to maintain a sound market position and stable earnings…
Read article →
Great Eastern profit jumps 21% despite 15% sales drop
Total weighted new sales declined 15% as the insurer adjusted its product mix. Great Eastern’s fiscal year 2025 (FY 2025) profit attributable to shareholders surged 21% year-on-year (YoY) to $1.0b…
Read article →
Australia’s personal accident and health to hit $28b by 2030
It recorded 5.3% expansion in 2025, reflecting pricing resilience. Australia’s personal accident and health (PA&H) insurance market is forecasted to register a compound annual growth rate (CAGR) of 4.6% from…
Read article →
Nippon Life nears FY 2025 revenue goal of $52b
It registered $48b in insurance and service revenue, up 18.7% during 9M 2025. Nippon Life Insurance Company is on track to meet its fiscal year 2025 (FY 2025) guidance of…
Read article →