Allianz eyes 5 billion pound takeover of UK breakdown recovery group AA
The AA's owners—Towerbrook Capital Partners, Warburg Pincus, and Stonepeak—have reportedly been pursuing a dual-track process...
ADB, insurers to unlock USD 2.5 billion for Asia-Pacific’s small businesses
ADB's 'Master Framework Program for Financial Institutions' expands a credit insurance program that the global lender launched in 2022...
AI to open up new competitive dynamics across the insurance sector, says McKinsey
As per McKinsey, adoption of AI will create opportunities for the insurance sector through new risks, new solutions and expanded...
Saudi Re to acquire 22.5% stake in United Kingdom’s Ada Risk Holding
The Kingdom-based reinsurer said the deal would deepen its Lloyd’s market foothold and support its push into international markets...
Asia remains world’s largest life insurance market, finds Allianz Research study
Asia, marked by demographic aging, high savings rates, and less comprehensive pension systems, saw life insurance premiums growing by 9.9%...