Prudential Singapore has launched an indexed universal life plan designed for affluent and high-net-worth customers seeking more options to grow and preserve their legacy and structure wealth transfer for the next generation.
MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Willis, a WTW business, has announced the appointment of Mr Oliver Pryce as Head of Corporate Risk and Broking Southeast Asia; and the promotion of Mr Rupert Roberts to the role of Chief Commercial Officer, Asia. Both appointments are effective 4 January 2027.
Lockton has appointed Mr Jeremie Deschamps as Regional Head of Cyber Advisory for Asia; Mr Martin Allain as Head of Wholesale for Lockton Asia's Regional Placement Team; and Mr Michael "Mike" Griffiths as Regional Director, Healthcare, for the company's Professional and Executive Risk and Credit Team. All three are based in Singapore.
The captive insurance and insurance-linked securities (ILS) sectors in Singapore are forecast to see clear growth soon after the Protected Cell Company (PCC) framework is launched by the Monetary Authority of Singapore (MAS), according to Mr Simon Goh, Partner and Head of Insurance & Reinsurance Practice at the law firm Rajah and Tann Singapore.
AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
Singapore businesses have higher expectations of risk management to support growth, according to new research by Coface. However, many still involve risk teams only after key commercial decisions have already begun to take shape.
Prudential Singapore (Prudential) has achieved the strongest showing globally in the 2026 Million Dollar Round Table (MDRT) Culture of Excellence (COE) Awards, with 29 agency leaders recognised out of 68 winners worldwide. This was up from 13 winners in 2025, reflecting the strong progress made by Prudential's agency force. Accounting for more than two in five award recipients this year, Prudential had the highest number of MDRT COE Award winners globally.
Markel Insurance, the insurance operations within Markel Group, has promoted Mr Grant Smith to the role of Director of Marine Transportation at Markel International.
Electric vehicles (EVs) now account for the majority of new car registrations, and have reached a defining milestone in Singapore.