Articles

Insurance

GIC Re retains first right to reinsurance business in India

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed state-run General Insurance Corporation (GIC) to retain the first right to offer reinsurance in India, BloombergQuint reported citing two people present at the firm’s recent board meeting.   1 October 2018

Insurance

PICC gets green light for Shanghai IPO

China's securities regulator has approved the initial public offering (IPO) application by Chinese insurance giant People's Insurance Company (Group) of China Limited (PICC), according to state-run press agency Xinhua.   1 October 2018

Insurance

Typhoon Trami hits Japan

Typhoon Trami left almost 400,000 households without power, brought down trees onto railroad tracks and kicked up debris across Tokyo as it brushed past the Japanese capital early on Monday, Oct. 1, Reuters reported.   1 October 2018

Insurance

Greenlight Re invests in Hong Kong-based blockchain Galileo

Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re has made a strategic investment in blockchain business Galileo Platforms.   1 October 2018

Insurance

Chinese insurtech ZhongAn strikes technology deal with Sompo Japan

ZhongAn International, a subsidiary of China's first internet-based insurer ZhongAn Online P&C Insurance, has entered into a technology deal with Japanese re/insurer Sompo Japan Nipponkoa.   27 September 2018

Insurance

Zurich makes $0.4bn Adira acquisition, becomes largest foreign P&C insurer in Indonesia

Zurich Insurance Group is acquiring 80 percent of PT Asuransi Adira Dinamika (Adira Insurance), a property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor.   27 September 2018

Insurance

Typhoon Mangkhut insured losses up to $2bn

Industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between $1 billion and $2 billion, according to estimates by catastrophe risk modeling firm AIR Worldwide.   26 September 2018

Insurance

Insurers brace for a hit as Typhoon Mangkhut lashes HK and China

Shares in several insurers in Asia have slumped on the back of Typhoon Mangkhut causing devastation in Hong Kong and Southern China.   17 September 2018

Insurance

Typhoon Jebi expected to cost up to $5.5bn: RMS

Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion).   17 September 2018

Insurance

Category 5 super typhoon Mangkhut to batter the Philippines

Typhoon Mangkhut will landfall along the northeastern coast of Luzon, Philippines within the next 20 hours as a very intense category 5 super typhoon, according to Aon’s Impact Forecasting Cat Alert.   14 September 2018

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