Antares Managing Agency, the Lloyd's specialist insurance and reinsurance subsidiary of QIC Group, has announced that Antares Syndicate 1274 has been ranked first for investment performance based on three-year average investment returns over the period from FY2019 to FY2021 according to JP Morgan Asset Management's Lloyd's Peer Analysis.
In the wake of recent announcements by the central banks of several countries about raising interest rates, the Financial Supervisory Commission (FSC) has said that it will continue to pay attention to the changes in interest rates in the second half of this year, and monitor the financial operations of life insurers at the individual company level.
Manulife Hong Kong has announced the full launch of its "FinKids Academy" programme in conjunction with its community partner St James' Settlement (SJS), an initiative that uses innovative technology to help under-resourced children improve their financial literacy, technology know-how and skills to be ready for the hybrid financial world of the future.
With the Chinese government intent on achieving the "dual carbon" goals of China reaching peak emission before 2030 and carbon neutrality by 2060, the insurance industry stands to see new opportunities and new dynamism, according to global management consulting firm McKinsey & Company.
The Monetary Authority of Singapore (MAS) yesterday launched the Financial Services Industry Transformation Map (ITM) 2025, setting out the growth strategies to be pursued to further develop Singapore as a leading international financial centre in Asia - to connect global markets, support Asia's development, and serve Singapore's economy.
There are significant opportunities to hedge in the current volatile environment with insurance solutions, says Swiss Re in a report in which the global reinsurer shares its view on the state of the market and possible implications for the renewals season.
Global reinsurance dedicated capital totalled $647bn at half-year 2022, down 11% from the restated 2021 base, with the reduction primarily driven by investment losses, says global reinsurance broking and advisory company Gallagher Re.
Lioner International Group (Lioner), a financial services company, has announced that its Singapore entity, Lioner International Consultancy has recently obtained a Financial Adviser's (FA) licence from the Monetary Authority of Singapore, paving the way for it to expand its pioneering 3-in-1 insurance, trust and family office advisory services for high-net-worth (HNW) clients in the city, as well as building greater synergy across the region.
The Financial Supervisory Commission (FSC) yesterday proposed amendments to regulations on the management of foreign investments of insurance companies, in order to strengthen risk control and to increase coverage by foreign credit rating agencies.
Despite the steady growth of the takaful industry, the development of the regulatory legislative framework for the sector has not kept pace with it, as many countries and markets still do not have an independent and clear legislative framework for Islamicl insurance, says the Insurance Federation of Egypt (IFE).