Thursday, September 29, 2016
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Bank of India sells 18% stake in insurance JV

Bank of India sells 18% stake in insurance JV

The stake in Star Union Dai-ichi Life Insurance has been bought by its Japanese partner Dai-ichi Life Insurance.

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Big growth for Indonesia’s healthcare industry

Big growth for Indonesia’s healthcare industry

The sector is expected to grow to more than US$50bn by 2020 as the government upgrades the nation’s healthcare.

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India plans public listing of state insurers

India plans public listing of state insurers

New India Assurance and GIC, which together have assets of more than US$20bn, are set to IPO first.

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Munich Re scales back HK office, expands in Beijing

Munich Re scales back HK office, expands in Beijing

The reinsurer also intends to expand its office in Singapore as part of an effort to reorganise its business.

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XL Catlin appoints HK insurance head

XL Catlin appoints HK insurance head

Jamie Chambers has been appointed as country manager for the firm’s Hong Kong insurance business.

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Bangkok Life gears up for Cambodia business

Bangkok Life gears up for Cambodia business

The Thai insurer will venture into Cambodia next year to tap strong demand in its South-East Asian neighbour.

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Brokers and insurers in HK urged to use fintech

Brokers and insurers in HK urged to use fintech

The government of Hong Kong wants the industry to compete better with foreign rivals such as Singapore.

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Chinese life firms see dip in solvency ratios

Chinese life firms see dip in solvency ratios

China’s new risk-based capital rules have led to a declining solvency trend, according to Moody’s.

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Singapore’s commission-free life policies slow to sell

Singapore’s commission-free life policies slow to sell

Sales have been poor since the products were launched in the Lion City in April last year.

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India’s BSE to venture into insurance business

India’s BSE to venture into insurance business

Bombay’s stock exchange is set to float two insurance-related arms under its fully-owned subsidiary BSE Investments.

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James Shea to head Zurich’s new unit

James Shea to head Zurich’s new unit

The unit will combine global corporate and commercial businesses as part of a company-wide overhaul.

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Captives set to flourish in China

Captives set to flourish in China

With authorities determined to achieve ambitious insurance growth targets, captives and mutuals are expected to flourish.

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JD Group names Lennard Yong Hong Kong CEO

JD Group names Lennard Yong Hong Kong CEO

The company plans to build an international financial services conglomerate with Chinese heritage.

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Lloyd’s seeks reinsurance licence in Malaysia

Lloyd’s seeks reinsurance licence in Malaysia

Chairman John Nelson is hopeful that Bank Negara Malaysia will approve the application by November.

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Chris Wei, Aviva

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