India's finance ministry has instructed state-run banks, insurers and financial institutions to implement cost-cutting measures, including tighter controls on travel and a phased shift towards electric vehicles, according to an order reviewed by Reuters, reported The Star.
The Philippine insurance industry's penetration rate increased to 2.03% in the first quarter of 2026, up from 1.89% a year earlier, driven by sustained growth in assets, premium collections and benefit payments, according to regulator data.
Zurich Insurance has appointed Mr Wayne Leow as Head of Commercial Insurance, Malaysia. In his new role, he will lead the commercial insurance function, spearheading growth across multiple lines of business and distribution channels in Malaysia.
Soter Insure, which provides institutional-grade insurance for the digital asset economy, yesterday announced that it has received full authorisation from the Dubai Financial Services Authority (DFSA) for insurance intermediation.
Al-Etihad Cooperative Insurance has announced the appointment of Mr Tareq Fahad Bouresly as Managing Director of the company for a six-month period.
The AIG Board of Directors has announced that effective 1 June 2026, Mr Eric Andersen will become President and CEO of AIG and join the AIG Board of Directors, and Mr Peter Zaffino will become Executive Chair of the AIG Board of Directors, marking the successful conclusion of the company's previously announced leadership transition plan.
Malaysia's insurance sector to maintain its growth momentum in the first quarter of 2026 (Q12026), driven by improvements in both the general and life insurance segments, MBSB Investment Bank (MBSB IB) expects.
China's first freight compensation insurance product covering freight rate fluctuation risks has been introduced in the railway sector.
Murugappa Group has announced the appointment of Mr Rajive Kumaraswami as the new Managing Director of Cholamandalam MS General Insurance, effective 1 June 2026.