Unlisted life insurers double profits as P&C sector rebounds in H1

Published on August 15, 2025
Data released on 11 August showed that 59 unlisted life insurers reported combined net profits exceeding CNY200bn($27.9bn), more than double the sub-CNY100bn level in the same period last year.
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Third Point secures 67% shareholder support for Malibu Life Re acquisition

August 14, 2025
Third Point LLC (TPIL ), a New York-based alternative asset manager, has secured shareholder approval for its acquisition of Malibu Life Reinsurance SPC, a life and annuity reinsurance platform.The vote, which took place at the firm’s extraordinary general meeting (EGM), resulted in 67% of shareholders voting in favour of the proposed transaction.Rupert Dorey, Chairman of the Board of Third Point

PCRIC makes $285,000 payout to Samoa for tsunami recovery

August 15, 2025
The Pacific Catastrophe Risk Insurance Company (PCRIC), a donor funded entity established to provide Pacific Island nations with access to disaster risk insurance and related services, has made a payout of $285,000 under the tsunami component of its parametric insurance policy to Samoa due to a tsunami warning that was issued following the magnitude 8.8 earthquake that struck off the coast of Russ