Hong Kong: Regulator gives approval for new captive insurance company

Published on August 13, 2025
The Insurance Authority (IA) has authorised SAIC Motor Corporation Limited to set up a captive insurance company in the country.
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Swiss Re introduces guidance for underwriters on repurposed longevity drugs

August 12, 2025
Swiss Re’s August 2025 Life Guide has introduced guidance for underwriters on how to assess life insurance applicants who show signs of using repurposed longevity drugs, an emerging trend among health-conscious individuals.The update provides new guidance on medications like metformin and rapamycin, which were originally developed for other conditions but are now being repurposed in the pursuit of

AM Best upgrades outlook on WAICA Re to positive, ratings affirmed

August 13, 2025
AM Best has revised the outlook for WAICA Reinsurance Corporation PLC (WAICA Re) to positive from stable, while affirming the company’s Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair).According to AM Best, the revised outlook reflects growing confidence in WAICA Re’s ability to strengthen its market position and sustain solid operating results ove