Frankfurt (Reuters) – Munich Re has signed a definitive agreement to acquire NEXT Insurance for $2.6 billion, making it part of ERGO, Munich Re’s primary insurance arm. The acquisition marks a significant expansion into the US small and medium-sized...

Beijing/Shanghai (Reuters) – Ping An Insurance (Group) Co of China Ltd has reported a 47.8% increase in net profit for 2024, driven by strong performance in its life and health insurance business as market demand rebounded. The company posted...

Munich – German insurance major Allianz SE has announced its decision to exit from its Indian insurance joint ventures with the Bajaj group, following the Indian government’s decision to allow 100% foreign direct investment (FDI) in insurance ventures. Allianz...

Zurich (Reuters) – Swiss Re, one of the world’s largest reinsurance companies,  has announced an agreement to sell 11,647,217 common shares of Definity Financial, representing approximately 10.05% of Definity’s issued and outstanding common shares as of March 17, 2025....

Mumbai (CNBC) – Life Insurance Corporation of India (LIC) is expected to decide on acquiring a stake in a health insurance company by the end of March, according to its Chief Executive Officer Siddhartha Mohanty. Speaking on Tuesday, Mohanty...

New Delhi (CNBC) — Patanjali Ayurved, led by Baba Ramdev, has acquired a majority stake in Magma General Insurance in partnership with DS Group at a valuation of Rs 4,500 crore, subject to regulatory approvals. Following the acquisition, Patanjali...

Kuala Lumpur – The Malaysian government has announced new measures to address the rising cost of health insurance and takaful premiums, aiming to ease the financial burden on policyholders. Deputy Prime Minister of Malaysia, Datuk Seri Ahmad Zahid Hamidi...

The Korea Times Seoul – Sales of whole life insurance in South Korea have declined sharply in recent years as policyholders reconsider the value of long-term death benefits amid rising life expectancy and changing financial priorities. In response, financial...

The Brand Finance Insurance 100 Ping An Insurance has maintained its position as the world’s most valuable insurance brand for the ninth consecutive year, according to the Brand Finance Insurance 100 2025 report released by Brand Finance, the leading...

Insurance Council of Australia Sydney – The Insurance Council of Australia (ICA) has declared an Insurance Catastrophe for the southeast Queensland and northern New South Wales regions following the impact of Tropical Cyclone Alfred and subsequent storms since Friday,...