FWD Group Holdings' (FWDGHL) bottom line, underpinned by sustained growth through both onshore and offshore channels in Hong Kong and a solid business presence in Thailand, is expected to continue to improve in 2025 according to Fitch Ratings. The group's growth is also expected to benefit from its established bancassurance channel.
Canopius has appointed Mr Brodie English as head of casualty, ANZ and Mr Rob Barnum as head of financial lines, APAC.
Zurich has appointed to its Singapore Commercial Insurance business Ms Christy Yeo as head of property and Ms Wendy Ong as head of financial lines.
ETG Insurance & Risk Solutions (EIRS) and eMRGent Risk Solutions have formed a strategic partnership aimed at delivering financial lines insurance solutions throughout Africa.
Insurance rates in the Pacific region declined 8% in the first quarter of 2025, revealed Marsh's Global Insurance Market Index.
Composite insurance rates in the first quarter of 2025 decreased by 4% in the India, Middle East and Africa (IMEA) region, where rates for large and complex organisations are often driven or influenced by the reinsurance market, according to the 'Global Insurance Market Index' report published by the world's biggest insurance broking group Marsh.
Composite insurance rates in Asia fell 3%, on average, in the first quarter of 2025 due to competition, according to the Global Insurance Market Index released by Marsh.
The Saudi Central Bank intends to require listed financial institutions under its supervision to provide insurance coverage for board members against professional errors and failures.
Marsh Specialty has appointed Mr Andrew George as president. He will also join the Marsh Executive Committee.
Saudi Reinsurance Company (Saudi Re) and Saudi Housing Guarantee Services Company (Damanat) have signed a Memorandum of Understanding (MoU) that establishes a collaboration framework between the two parties with the objective of developing insurance and reinsurance solutions for the mortgage financing sector.