Friday, April 27, 2018

Hong Kong

APAC bancassurers tap blockchain to improve offerings

APAC bancassurers tap blockchain to improve offerings

Banks in the region continue to leverage the technology to improve and expand their insurance offerings.

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HWI taps Jeremy Austen to launch Hong Kong unit

HWI taps Jeremy Austen to launch Hong Kong unit

The industry veteran will help establish a new managing general agent in the city, NuVu Underwriting.

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Good Doctor targets US$1bn Hong Kong IPO

Good Doctor targets US$1bn Hong Kong IPO

Ping An will spin off China’s largest health care and online medical platform in early May.

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Ping An plans spinoff and listing of four unicorns

Ping An plans spinoff and listing of four unicorns

Ping An Good Doctor and Lufax are among the startups being slated for initial public offerings.

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Financial Risk Solutions opens second Asia office

Financial Risk Solutions opens second Asia office

The unit-linked investment administration and compliance oversight software provider has opened in Hong Kong.

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Hong Kong lawmakers to tackle policyholder protection bill

Hong Kong lawmakers to tackle policyholder protection bill

Legislators aim to establish two compensation funds to protect against insurance firm bankruptcies.

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AIA’s boosts new business by 28%

AIA’s boosts new business by 28%

The company said that the growth was due to sustained demand in its core markets of Hong Kong and China.

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Willis Towers Watson appoints new Hong Kong leadership

Willis Towers Watson appoints new Hong Kong leadership

Ex-Sun Life Hong Kong CEO Roger Steel becomes managing director for Hong Kong and Macau.

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Peak Re says goodbye to IFC

Peak Re says goodbye to IFC

Prudential Financial has acquired IFC’s shareholding as the business outgrows its original emerging-market remit.

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Rising demand for IPO legal insurance in Hong Kong

Rising demand for IPO legal insurance in Hong Kong

New stock market listing rules are set to boost sales for legal insurance to cover liabilities from initial public offerings.

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Manulife Hong Kong reports strong 2017 growth

Manulife Hong Kong reports strong 2017 growth

The healthy premium sales were a result of strong market demand for insurance and wealth products.

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Ping An Insurance’s units raise US$2.2bn in private financing

Ping An Insurance’s units raise US$2.2bn in private financing

Investors in the three tech units included SoftBank, which placed US$400m with Ping An Good Doctor.

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FWD Group appoints Ken Lau for Greater China role

FWD Group appoints Ken Lau for Greater China role

He joins from Union Life and will lead FWD in Hong Kong and Macau, and oversee expansion in Greater China.

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M&A activity among Hong Kong insurers to remain robust

M&A activity among Hong Kong insurers to remain robust

M&A involving insurers in the city hit US$2.84bn in 2017 and growth is expected to continue this year.

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MetLife mulls sale of Hong Kong unit

MetLife mulls sale of Hong Kong unit

The New York-based insurer is following in the footsteps of global counterparts Axa and MassMutual in exiting the city.

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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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Zurich buys HK telematics startup Bright Box

Zurich buys HK telematics startup Bright Box

The company provides smartphone-based cloud technology that links drivers, vehicles and automakers.

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