Indonesia: 39 insurers meet US$65m shareholders' equity threshold ahead of 2028

Published on November 21, 2023
The Financial Services Authority (OJK) says that 39 insurance companies out of a total of 124 conventional insurers had an equity above IDR1tn ($65m) as of the end of 2022.
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Artex rebrands its cell facility solutions globally

November 20, 2023
Artex, a global cell facility manager and captive, alternative risk transfer, and ILS capital solutions specialist service provider, has announced it is renaming its cell facility solutions globally to Artex Axcell over the next several months.This rebrand, according to the announcement, aims to bring more efficiency and higher levels of service to clients seeking an alternative risk solution that

China: Taikang Life is first insurer to issue perpetual bonds

November 21, 2023
Taikang Life Insurance has issued and listed the first perpetual bond by an insurance company. The insurer says that the funds raised will be used to supplement Tier 2 capital, improve solvency, and