The marine insurance landscape is rapidly evolving in the wake of conflict in the Middle East. Also, a conflict involving Iran will have material implications for the insurance market in Singapore, given its role as a regional aviation hub and one of the world's leading maritime centres, according to Mr Nick Francis, Marine Partner at Kennedys, a global litigation and dispute resolution firm.
Allianz SE and Canada's Sun Life Financial are exploring bids for HSBC Holdings' insurance operations in Singapore, following the bank's announcement of a strategic review of the business, sources familiar with the matter indicated to the news agency Bloomberg.
Coface has appointed Ms Priscilla Ng as Commercial Director for Singapore. In her new role, she will be responsible for strengthening Coface's commercial strategy and empowering clients to better manage trade credit risks.
Aviation insurance has emerged as a critical pressure point as a consequence of the Middle East conflict. To minimise risk, Singapore-based aviation insurers and reinsurers would need to carefully manage exposure to hull war, passenger liability and third-party risks, according to Mr Tristan Thompson, Aviation Partner at Kennedys, a global litigation and dispute resolution firm.
Great Eastern is launching a dedicated client segment proposition for high-net-worth (HNW) individuals, as it seeks a bigger share of Asia's growing wealth and legacy-planning market.
Japanese insurance group, Tokio Marine & Nichido Fire Insurance will sponsor a $100m catastrophe band to provide collateral earthquake reinsurance protection.
Singlife has launched a whole-of-life, non-participating universal life plan that combines growth potential with flexible income options.
WTW has appointed Mr Fong Han Wei as Country Leader for Singapore, effective 1 March 2026.
Singapore has ranked third globally in the 2026 FM Resilience Index, published by commercial property insurer FM. The index, now in its 13th year, ranks 130 countries and territories by the resilience of their business environments.
Singlife and MUFG Bank (MUFG) have announced the successful completion of a S$550m ($434.8m) bilateral financing facility, one of the largest transactions in Singapore's insurance sector to date.