Thursday, November 23, 2017

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Royal Sundaram aims to raise US$100m

Royal Sundaram aims to raise US$100m

The Indian general insurer is reportedly looking to raise equity capital of up to US$100m.

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Zurich makes new property and energy appointments

Zurich makes new property and energy appointments

The insurer continues to expand its commercial insurance hub in Singapore with new senior regional appointments.

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AIG posts US$1.74bn loss

AIG posts US$1.74bn loss

The third-quarter loss was caused by one of the markets single biggest hits from hurricanes.

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China Life to boost global exposure

China Life to boost global exposure

The Chinese insurer plans to be more visible internationally as it expands its overseas presence.

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L&G targets Japanese market

L&G targets Japanese market

Britain’s Legal & General is set to offer company pension scheme insurance and investment management.

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Chubb names PE practice leader outside North America

Chubb names PE practice leader outside North America

Grant Cairns will take up the newly created role of private equity practice leader overseas general.

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HK regulator keen to encourage insurtech

HK regulator keen to encourage insurtech

The Insurance Authority has called for innovations that will help to cut premiums paid by customers.

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Singapore woos cat bond issuers with 100% grant

Singapore woos cat bond issuers with 100% grant

MAS has unveiled a grant scheme aimed at encouraging insurers and reinsurers to issue catastrophe bonds in Singapore.

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Qatar Re names new CEO for Singapore

Qatar Re names new CEO for Singapore

Manik Sethi has been appointed to lead the Bermudian reinsurer as its new chief executive, the company said in a statement.

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CDFHC expects gains after Taiwan insurer acquisition

CDFHC expects gains after Taiwan insurer acquisition

Development Financial Holding Corp says it is expecting “synergistic gains” after gaining a foothold in the Taiwanese market.

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Aioi Nissay Dowa to relocate UK subsidiary post Brexit

Aioi Nissay Dowa to relocate UK subsidiary post Brexit

It unveils plans to move one of its subsidiaries from London to Luxembourg after Britain’s exit from the EU.

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AIG appoints CEO for international operations

AIG appoints CEO for international operations

Chris Townsend, previously president of MetLife in Asia, is expected to join the company in the first quarter of next year.

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Insurance, takaful remain unpopular in Malaysia

Insurance, takaful remain unpopular in Malaysia

The country’s central bank governor urged the industry to focus on the underserved segment of the market.

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Global extreme weather losses reach US$129bn for 2016

Global extreme weather losses reach US$129bn for 2016

Economic losses will continue to increase due to droughts, storms and floods caused by climate change.

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ZhongAn Online to apply AI to improve service

ZhongAn Online to apply AI to improve service

China’s first online-only insurance firm says that it plans to deploy artificial intelligence to improve its offering.

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Chinese broker set to list on Shenzhen SME board

Chinese broker set to list on Shenzhen SME board

Jiang Tai Insurance Brokers said it would float its shares on the board by the second half of 2018.

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China Life profit grows 365%

China Life profit grows 365%

Earnings have been buoyed by a leap in investment income amid an increasing stock market and robust premiums.

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CVS offers to buy Aetna for US$66bn

CVS offers to buy Aetna for US$66bn

The proposed acquisition is poised to be the largest ever in health insurance history.

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Zainudin Ishak, Malaysian Re

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