Zurich Cover-More CEO exits after acquisition
The executive led AIG Travel before the business moved under new ownership in December 2024. Zurich Cover-More has announced the early retirement of Jeffrey C. Rutledge, CEO of the Travel…
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How can Indonesia’s insurers balance tighter capital rules and rising claims?
Disaster claims may raise premiums, costs, and tighten coverage. Indonesia’s non-life insurance market is expected to face less intense competition as companies adjust to stricter capital rules and focus on…
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Hong Kong insurers post weaker 2024 as premiums slip
This is based on the recent data released by the Insurance Authority for the 2024 fiscal year. Hong Kong’s 50 biggest insurers posted weaker results in 2024, with total premiums…
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Meiji Yasuda grows premiums 36.3% as surplus drops 18.7%
CreditSights flags $22.0b in premiums, but net result slides to $0.6b in the same period. Meiji Yasuda has a strong operating momentum in the first nine months of fiscal year…
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Miller agrees to buy Dubai broker Shields pending approval
Shields is regulated by the DFSA, and the transaction is slated to wrap in Q2 2026. Miller has agreed to acquire Shields Reinsurance Brokers Limited, an independent reinsurance broker based…
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Sumitomo Life premium income jumps 10.4% as core profit falls 10.6%
CreditSights links the life profit decline to higher technical reserves. Sumitomo Life Insurance is showing strong sales growth even as higher costs and technical reserves squeezed its recent profits, a…
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Tata AIA new fund pushes life plan buyers into overseas stock markets
It runs 26 February to 5 March 2026 and the rest can sit in debt or cash up to 30%. Tata AIA Life Insurance has launched the Tata AIA Global…
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ICICI Lombard stock income rescues weak underwriting performance
The tax cases in India have not yet had a major impact on the company finances. ICICI Lombard General Insurance will continue to build a stronger “buffer” of capital over…
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Sompo net income more than doubles to $3.3b in 9M 2025
Basic earnings per share reached $3.61 for the nine months to March. Sompo Holdings’ net income for the nine months to March more than doubled to $3.3b (JPY520.6b). The period’s…
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1 in 5 APAC employers review insurance cover amidst higher medical costs
48% of workers say coverage shapes job moves, and 70% would stay longer for strong benefits. Employers across Asia are adjusting their health insurance strategies as medical costs continue to…
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