Chubb has appointed Chris Colahan as Head of Commercial P&C Asia Pacific, effective 9 February 2026.
AM Best has maintained its stable outlook on Malaysia's non-life insurance sector, noting that regulatory initiatives designed to increase insurance penetration and the continuing de-tariffication of motor and fire insurance as the main reasons.
Sunu Assurances Nigeria has announced that its shareholders have approved a capital increase of NGN9bn ($6.2m) to meet new statutory capital requirements under a new insurance law.
India's Union Cabinet has approved a Bill which contains a provision to increase the foreign direct investment limit in insurance companies to 100% from the present cap of 74%. The Bill, cleared on 12 December by the Cabinet, covers several other amendments.
New Zealand general insurer Tower has been ordered to pay a penalty amounting to NZ$7m ($4m) for misleading representations that resulted in more than NZ$11m in overcharges to its customers.
Arabia Insurance Company (AIC) has a track record of profitable, albeit volatile, operating performance, with positive results reported in four of the past five years (2020-2024). However, results in 2023 and 2024 have been lacklustre, with the company reporting return-on-equity (ROE) ratios of 1.4% and 3.9%, respectively, AM Best noted.
The Economic Investigation Unit of the Municipal Public Security Bureau of Nantong City in Jiangsu Province received a report in February 2023 that a metal products manufacturer had experienced an unusually high frequency of insurance incidents for at least three years in a row and was suspected of committing insurance fraud. This led to the uncovering of a massive insurance fraud case spanning nine provinces and involving CNY270m ($38.2m).
The total gross premiums of insurers in Hong Kong saw a 10% increase in 2024, according to data released by the territory's Insurance Authority on 5 December.
Saudi Arabia's insurance companies registered double-digit in top line while profitability dropped sharply, according to the Insurance Authority's recently released report "Insurance Sector 3rd Quarter Report - 2025".
Takaful companies in the UAE posted a 23% jump in insurance revenue in the first three quarters of this year (3Q2025) to AED3.7bn ($1.0bn), a jump of 23% over the AED3.0bn reported for the corresponding period of 2024, according to BADRI Management Consultancy, an international and risk consulting firm.