Monday, January 22, 2018

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HK’s FTLife Insurance names new CEO

HK’s FTLife Insurance names new CEO

Gerard Yang, who joined FTLife in 2016, previously worked for MetLife and takes on the chief executive role.

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Ping An eyes spinning off four subsidiaries

Ping An eyes spinning off four subsidiaries

The units include Lufax, China’s biggest online wealth management platform, and Ping An Good Doctor, an online medical platform.

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Singapore rates seen to increase in 2017

Singapore rates seen to increase in 2017

Insurance premium rates in the city are still low, but last year was good for the industry, according to Aon.

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Honan Insurance gets MAS nod to acquire NGA Benefits

Honan Insurance gets MAS nod to acquire NGA Benefits

The Australian-owned insurance broking company said the acquisition is part of its continuing investment in South-East Asia.

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Chinese crackdown on insurers intensifies

Chinese crackdown on insurers intensifies

The China Insurance Regulatory Commission is aiming to stiffen regulation of insurers’ shareholders.

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Ping An premium income surges 33.4% in 2017

Ping An premium income surges 33.4% in 2017

Individual business growth fuelled the rise in the accumulated gross premium income of the life insurance business.

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JLT Re names new CEO for APAC

JLT Re names new CEO for APAC

Jeremy Fox will also become a member of the Reinsurance Global Executive Committee.

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Chubb names new Singapore bancassurance head

Chubb names new Singapore bancassurance head

Koh Wei Lee’s appointment is in addition to his current role as division head of accident and health.

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Zurich officially pulls out of Taiwan

Zurich officially pulls out of Taiwan

The Switzerland-based insurer has dissolved its local life insurance business after selling to Hotai Motor Co in 2016.

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Ergo, Manulife in talks to buy stake in IndiaFirst Life

Ergo, Manulife in talks to buy stake in IndiaFirst Life

The potential buyers are eyeing the stake owned by the UK’s Legal & General Group, which is up for sale.

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Fintech start-up Jirnexu banks on insurance as growth driver

Fintech start-up Jirnexu banks on insurance as growth driver

The South-East Asian financial technology startup has said that insurance will account for up to 30% of its growth.

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IBM awaits Indian regulatory approval on insurance blockchain

IBM awaits Indian regulatory approval on insurance blockchain

The company is hoping to win regulatory approval to deploy the technology for general insurers in India.

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CBA eyes selling stake in Indonesian venture

CBA eyes selling stake in Indonesian venture

The sale of a majority stake in Commonwealth Life could value the insurer at up to US$250m.

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Hong Leong MSIG Takaful appoints new CEO

Hong Leong MSIG Takaful appoints new CEO

The Malaysian takaful firm has named Modh Asri Omar as its new chief executive officer.

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Singapore Life buys Zurich portfolio

Singapore Life buys Zurich portfolio

The city’s newest insurer has gone from fintech startup to significant player.

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Siam Commercial, Prudential sign bancassurance deal

Siam Commercial, Prudential sign bancassurance deal

The new partnership will target wealthy clients at the Thai bank, which is the country’s second-biggest.

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Takaful outpaces conventional insurance in Malaysia

Takaful outpaces conventional insurance in Malaysia

Family and general takaful in the country grew by 7.5% and 5.9%, respectively, in the first half of 2017.

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Chinese insurers’ premium income up nearly 20%

Chinese insurers’ premium income up nearly 20%

The strong figures were achieved despite the authorities’ tightened regulation of the sector.

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