Singapore ministers addressed concerns about Allianz SE’s plan to buy a majority stake in Income Insurance Ltd., saying it would be held to account on its commitments and that the potential deal isn’t expected to adversely impact competition in the …
Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer, announced that the company has been authorized to write life and general reinsurance business in Singapore, effective Nov. 2, 2017. “Asia is our core region. Peak Re has already built a sizable …
Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde & Co. Clyde & Co.’s insurance team …
Qatar Re said that the Monetary Authority of Singapore has granted the company a licence to operate a branch office in Singapore. The licence became effective as of 3 October 2016. Micky Lee, previously in charge of Qatar Re’s representative …
PERILS, the Zurich-based independent organization providing industry-wide catastrophe insurance data, announced it has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which has been set up to help increase data availability for natural catastrophe insurance in Asia. …
Great American Insurance Group announced its lead insurer, Great American Insurance Company, has received preliminary approval from the Monetary Authority of Singapore to establish a branch operation. It plans to begin underwriting risks once all pre-conditions for licensing have been …
Partner Reinsurance Asia Pte. Ltd., a wholly owned subsidiary of PartnerRe Ltd., has been licensed by the Monetary Authority of Singapore to operate as a non-life and life reinsurer, capitalized in Singapore, according to an announcement from PartnerRe. As of …
Willis Group Holdings plc announced that it has received the relevant regulatory approvals from the Monetary Authority of Singapore and has completed its acquisition of specialist broker Charles Monat Limited, a life insurance solutions provider to high net worth clients.Willis …
