Singapore market News

Chubb Enhances Work Injury Compensation Product in Singapore

Chubb announced it has enhanced to its Chubb Work Guard product, which is work injury compensation cover for Singapore businesses. The enhanced wording will apply to all risks bound from Jan. 1, 2018, unless separately agreed. At the core of …

AIG Singapore Launches Online Motor Accident Reporting Platform

AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched an online motor accident reporting platform that allows policyholders to make accident reports and commence the claims process online. Designed to streamline the customer experience, AIG Singapore said, the platform …

Fosun’s Peak Re Authorized as Life & General Reinsurer in Singapore

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 …

Starr Reaffirms Commitment to Singapore Insurance Market with Subsidiary SIIS

Starr Cos. reaffirmed its commitment to the Singapore insurance market, despite the fact it has decided to discontinue underwriting new business through the Starr Singapore Underwriting Agents, representing its Lloyd’s Syndicate 1919. Starr emphasized that Starr International Insurance Singapore Pte. …

Ironshore’s Singapore Branch Introduces Legal Event Expense Cover

Ironshore Insurance Ltd., Singapore Branch, has introduced a specialty professional lines product that offers protection for after-the-event legal expenses to mitigate commercial litigation loss exposure. Ironshore’s after-the-event legal expenses product provides insurance against adverse costs awards in commercial litigation. The …

Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of three enhanced Lloyd’s-led terror facilities in the Singapore, Latin American and Dubai markets. In response to the increasing demand for this distinctive coverage, these facilities …