Thursday, November 23, 2017

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Tokio Marine Kiln names trade and political risks underwriter in Singapore

Tokio Marine Kiln names trade and political risks underwriter in Singapore

Edmund Lee will focus on underwriting specialist credit, trade, surety and political risk products across Asia.

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India’s nuclear insurance pool may be launched this year

India’s nuclear insurance pool may be launched this year

Indian government expected to put in some resources.

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Global insurance industry meeting tackles international regulation

Global insurance industry meeting tackles international regulation

Global regulation, its enforcement, coherence and effectiveness discussed during the 7th IIC conference.

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Malaysia’s AmMetLife Takaful names new CEO

Malaysia’s AmMetLife Takaful names new CEO

Mohamad Salihuddin Ahmad tasked with enhancing the group’s takaful value proposition to customers.

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JLT plans India expansion

JLT plans India expansion

Plans to invest up to INR1bn (US$15.6m) while Pune office expected to hire 300.

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Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site

Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site

Taiwanese life giant plans to buy as much as US$3bn of overseas properties.

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Asia’s protection gap to reach US$41tr – AIA

Asia’s protection gap to reach US$41tr – AIA

Insurance giant also signs joint collaboration agreement with I2R to determine the insurance needs of Singaporean consumers.

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ACE establishes new team to focuses on Hong Kong SMEs

ACE establishes new team to focuses on Hong Kong SMEs

Multiline insurer also appoints Joseph Lee as senior business development manager for the Commercial Lines team in HK.

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India now requires promoter to hold 26% in insurance firm

India now requires promoter to hold 26% in insurance firm

Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.

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Japan’s earthquake insurance premiums set to rise

Japan’s earthquake insurance premiums set to rise

Premium increase to be implemented in stages by 20% to 30% on average.

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Hong Kong tops table of health insurance premiums among expats

Hong Kong tops table of health insurance premiums among expats

High cost of living, rising healthcare costs, and high volume of plans purchased attributed, according to a report.

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Swiss Re completes acquisition of RSA’s China business

Swiss Re completes acquisition of RSA’s China business

World’s second biggest reinsurer pays GBP71m (US$111m) to acquire Sun Alliance Insurance.

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Asia-Pacific to drive world insurance growth by 2020 – Munich Re

Asia-Pacific to drive world insurance growth by 2020 – Munich Re

Report states that five of the top 10 primary growth markets will be based in Asia.

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South Korea’s Mirae Asset Life eyes US$460m in IPO

South Korea’s Mirae Asset Life eyes US$460m in IPO

Mirae will sell 5.4 million existing shares and issue 40 million new shares for the IPO.

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Greenstone targets US$984m in Australia IPO

Greenstone targets US$984m in Australia IPO

Australian life Insurance distributor plans a 16 June listing.

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Vietnam amends social insurance law following workers’ strike

Vietnam amends social insurance law following workers’ strike

National Assembly votes to overturn a provision of the social insurance law.

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India’s general insurance industry sets US$15bn premium target this year

India’s general insurance industry sets US$15bn premium target this year

Increase in third-party motor premiums and fire and property premiums seen as factors.

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New insurance law in Vietnam creates confusion

New insurance law in Vietnam creates confusion

Complex rule has prompted some 1.2 million people to opt out of medical insurance.

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WINTER 2017

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