Wednesday, September 20, 2017
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ZhongAn eyes HK expansion after IPO

ZhongAn eyes HK expansion after IPO

The company is looking to sell life insurance and other healthcare products in the territory after it lists on HKEx.

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India’s life insurers record 23% growth in first-year premium

India’s life insurers record 23% growth in first-year premium

The state-run Life Insurance Corporation remained the leader among the country’s life insurers.

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AIA set to buy Commonwealth Bank’s life assets

AIA set to buy Commonwealth Bank’s life assets

The Asian insurance group has become favourite to buy the unit in a deal said to be worth more than US$4bn.

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ZhongAn seeks US$11bn valuation in HK IPO

ZhongAn seeks US$11bn valuation in HK IPO

China’s first internet-only insurer is selling a 15% stake that will see it raise US$1.5bn if the deal materialises.

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Manulife names new Asia CEO

Manulife names new Asia CEO

Anil Wadhwani has been appointed president and chief executive officer of the division, taking over from Philip Witherington.

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At least 20 bidders eye AXA wealth unit in HK

At least 20 bidders eye AXA wealth unit in HK

China Taiping Insurance and Country Garden are reportedly among the companies that have expressed an interest.

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Ant Financial’s agri insurance JV gets green light

Ant Financial’s agri insurance JV gets green light

China’s insurance regulator has given the go-signal for a joint venture with China United Insurance to begin operations.

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Singapore bond issuers urged to take up insurance

Singapore bond issuers urged to take up insurance

Such policies would pay for the costs of calling for meetings and legal and financial advisory fees.

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Indian general insurance premiums up 32%

Indian general insurance premiums up 32%

Private insurers ICICI Lombard General Insurance and Bajaj Allianz General Insurance led the growth.

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Cambodia sees life insurance rush

Cambodia sees life insurance rush

More than US$1bn worth of life premiums were issued in the first half of the year.

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Irma’s insured losses revised down

Irma’s insured losses revised down

From estimates up to US$60bn, forecast insured losses have been revised down to US$20bn-US$40bn.

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Hurricane Harvey highlights insurance protection gap

Hurricane Harvey highlights insurance protection gap

A significant proportion of the unprecedented flood losses generated by the hurricane will be uninsured.

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Pat Regan expected to become QBE’s new CEO

Pat Regan expected to become QBE’s new CEO

He is expected to replace John Neal when the current CEO steps down at the end of the year.

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HDI Global SE appoints new Singapore head

HDI Global SE appoints new Singapore head

Graham Silton will take over from Nicholas Cheng, who is retiring at the end of the year.

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Hurricane Irma could cost up to US$65bn

Hurricane Irma could cost up to US$65bn

The extent of destruction and economic impact will not be fully known for some time.

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Vietnam premiums up 22%

Vietnam premiums up 22%

Collections grew 22% during the first eight months of this year to about Vnd65.56tr (US$2.89bn).

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Blockchain to change insurance business model

Blockchain to change insurance business model

The technology can reduce the uncertainty of insurers’ risk pool system, says Deloitte.

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GC Securities and Marsh launch ILS platform

GC Securities and Marsh launch ILS platform

The JV standardises the placement process for collateralised reinsurance and private catastrophe bond deals.

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House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers