Singapore: Motor premiums set to keep rising

Published on June 10, 2025
Motor insurance premiums are likely to keep climbing as insurers face escalating losses and increasing claims, according to industry experts, reported The Straits Times.
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US P/C insurers hit by $1.1bn underwriting loss in Q1’25 primarily due to LA wildfires: AM Best

June 9, 2025
According to the credit rating agency AM Best, the US property and casualty (P/C) insurance industry recorded a $1.1 billion net underwriting loss in the first quarter of 2025—a significant decline from the $9.4 billion gain reported during the same period in 2024.The drop was primarily driven by elevated losses from the January wildfires in California. These initial figures are presented in AM Be

Britam acquired 30% stake in Continental Re in 2024 to diversify earnings

June 10, 2025
Britam Holdings has acquired a 30% stake in Continental Reinsurance Company (Kenya) Limited (Continental Re) for Sh763.78 million in the financial year ended December 2024, representing a strategic move to diversify its revenue streams.The stake was acquired through Britam Life Assurance Company (Kenya) Limited’s investment in unquoted equity funds related to BAAM Investment Partners One LLP and B