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Life Insurance International

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A GlobalData survey indicates that concerns over maintenance and repair costs remain a significant barrier to electric vehicle (EV) adoption in the UK. While EV uptake continues to expand as part of the transition toward lower-emission transport, perceived ownership costs, particularly repair and insurance affordability, continue to influence consumer willingness to switch.


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India’s insurance regulator has approved two new insurers, clearing Allianz Jio Reinsurance and Kiwi General Insurance to begin operations in the country.

The Insurance Regulatory and Development Authority of India (IRDAI) granted certificates of registration to the two entities during its 134th board meeting.

The approvals allow one reinsurer and one gene...


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Lockton has named Livy Dai as the new CEO of its China operations, with his office located in Shanghai.

In his new position, Dai will report to Alex Yip, who leads Lockton Greater China.

Dai previously worked with Aon for 29 years and was instrumental in establishing its footprint in the Chinese market.

Beginning in 2002, Dai was among the foundi...


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Zurich Insurance Europe’s Irish branch has agreed to purchase the non-life insurance business of Generali España De Seguros Y Reaseguros, which operates in Ireland under the RedClick brand.

The transaction is valued at €337m in cash, with final adjustments expected at completion.

Generali Spain will retain an additional €51m of excess capital related to it...


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Dubai-based VEON’s subsidiary Jazz International Holding (JIH) has agreed to acquire a controlling stake in Pakistan-based TPL Insurance.

The acquisition represents an expansion of VEON’s digital financial services activities in Pakistan.

The company expects the transaction to be completed in mid-2026, subject to regulatory approvals.

Under the t...


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