Hong Kong: High-rise fire to cause insurers hundreds of millions of dollars

Published on November 28, 2025
Hong Kong's insurance sector is expected to face claims of HK$2.6bn ($334m) related to the deadly fire that broke out on 26 November in a large housing estate, Wang Fuk Court, in Tai Po that has
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Advanced APAC markets carry the region’s insurance stability: AM Best

November 27, 2025
APAC’s overall insurance stability continues to rest heavily on its most advanced markets, according to credit rating agency AM Best, with Japan, Singapore, Hong Kong, and South Korea providing the strongest foundation for regional credit quality and capital strength.The agency’s latest Asia-Pacific Benchmarking report shows that while the wider region maintains a steady ratings environment, much

MEDGULF appoints Chairman and Vice Chairman of the Board of Directors

November 28, 2025
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) has announced the appointment of Yaser Yousef Naghi as Chairman of the Board of Directors, and Rakan Abdullah Abunayyan as Vice Chairman.Both appointments have been approved by the Extraordinary General Assembly, subject to obtaining no-objection approval from the Insurance Authority.These appointments apply to the