China: Ping An denies being asked to rescue troubled property development giant

Published on November 9, 2023
Ping An Insurance has denied a news report that it was asked by authorities to take over Country Garden Holdings, the biggest mainland Chinese private property developer, and its debts.
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Singapore: Sumitomo Life invests US$133m for additional 4.9% stake in Singlife

November 9, 2023
announced that Sumitomo Life Insurance Company (Sumitomo Life) has increased its investment in the company by way of a capital injection amounting to S$179,999,996 ($132.6m).

Insure Our Future urges insurance industry to act on 1.5°C climate target

November 9, 2023
Insure Our Future has said that after 50 years of failure, the insurance industry must act to support the climate target, highlighting the fact insurers withdrew cover for climate risks while backing greater fossil fuel production.The organisation states that most insurers have continued to support projects to increase oil and gas production, despite warnings from the world’s leading climate scien