Indonesia: Regulator presents update on insurers spinning off takaful windows

Published on July 1, 2024
The Financial Services Authority (OJK) has revealed that two insurance companies will spin off their takaful windows this year by establishing takaful companies.
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The Fidelis Partnership Syndicate 3123 begins writing at Lloyd’s

July 1, 2024
The Fidelis Partnership and Fidelis Insurance Group have confirmed that Syndicate 3123 (The Fidelis Partnership Syndicate) has formally begun underwriting business at Lloyd’s.The Fidelis Partnership Syndicate was first announced in March of this year, in collaboration with Hampden Agencies, the largest provider of private capital to Lloyd’s.The Fidelis Partnership Syndicate reportedly has an initi

Hong Kong officially begins risk-based capital regime for insurers

July 1, 2024
Hong Kong’s risk-based capital (RBC) regime for the insurance industry has officially come into operation as of July 1, 2024.This follows the enactment of the Insurance (Amendment) Ordinance 2023, along with related subsidiary legislation and new guidelines or revised guidelines by the Insurance Authority (IA) that tie in with the regime.“The introduction of the RBC regime will strengthen the fina