Lockton Sime Malaysia has appointed Mr Siva Thangavelu as COO. He brings more than 20 years of financial services experience across banking and insurance to the role.
The credit insurance claims ratio in the combined general insurance and reinsurance industry was 97% in March, an improvement from 108.40% in February 2026, according to data from the Financial Services Authority (OJK).
Asia is emerging as one of the most important growth regions for cyber insurance globally, according to joint research published by cyber risk analytics leader CyberCube and United Insurance Brokers (UIB), the international insurance and reinsurance Lloyd's broker.
The Australian Reinsurance Pool Corporation (ARPC) has released its latest premium assessment, confirming the Cyclone Reinsurance Pool is continuing to improve insurance affordability and availability in Australia's highest cyclone risk regions.
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.