Sunday, April 22, 2018

Hong Kong

Hong Kong to launch Insurance Authority by year-end

Hong Kong to launch Insurance Authority by year-end

The proposed Insurance Authority will replace the Office of the Commissioner of Insurance.

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Manulife nears deal for StanChart’s HK pension business

Manulife nears deal for StanChart’s HK pension business

The Canadian insurer is reportedly in the final stages of negotiations for the US$400m deal.

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Asia is home to the world’s riskiest cities

Asia is home to the world’s riskiest cities

The region’s cities face diverse threats, ranging from storms and earthquakes to market crashes and pandemics.

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Principal Financial buys AXA’s HK pension unit for US$335m

Principal Financial buys AXA’s HK pension unit for US$335m

The US investment manager has paid about US$335m, increasing its AUM to US$6bn in Hong Kong.

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Chinese private equity firm buys Ageas HK unit

Chinese private equity firm buys Ageas HK unit

JD Capital has struck a deal to buy Ageas’s Hong Kong life insurance unit for HK$10.7bn.

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Fosun and FWD face off over Ageas HK life insurance arm

Fosun and FWD face off over Ageas HK life insurance arm

Final offers from the two companies have been invited and could reach more than US1$bn.

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Coface names new Asia-Pacific head

Coface names new Asia-Pacific head

Credit insurer Coface has named Andrew Ross as regional head of Coface Global Solutions in Asia Pacific.

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MetLife names Cindy Tang Asia communications head

MetLife names Cindy Tang Asia communications head

Tang starts her new role on August 20, based in MetLife’s Asia region office in Hong Kong.

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China Reinsurance files for HK IPO

China Reinsurance files for HK IPO

State-owned reinsurer could raise up to US$2bn, hires CICC, UBS and HSBC as joint sponsors.

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TigerRisk enters China and names Houqin Zhu as Hong Kong head

TigerRisk enters China and names Houqin Zhu as Hong Kong head

Reinsurance broker marks it’s first presence in Asia with the hiring of former American Re and QBE Re veteran.

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Hong Kong’s insurance gap forecast to balloon by 2020

Hong Kong’s insurance gap forecast to balloon by 2020

The gap will be among the highest in Asia within five years, up to as much as US$763 billion, say AIA and Citi.

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HSBC targets Asia growth by expanding insurance business

HSBC targets Asia growth by expanding insurance business

The bank has reiterated its strategy of expanding its Asian insurance business and boosting its Pearl River delta presence.

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Hong Kong’s top insurance bodies merge

Hong Kong’s top insurance bodies merge

IIHK and CII merger aimed at improving and strengthening standards in the city’s insurance and financial services market.

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Ageas seeks buyer for Hong Kong unit

Ageas seeks buyer for Hong Kong unit

Morgan Stanley is reportedly seeking bidders for a deal that could fetch more than US$1 billion.

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Peak Re appoints director for underwriting

Peak Re appoints director for underwriting

Railovy Boyer will work with Peak Re’s underwriting, markets and analytics teams in Hong Kong.

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PICC buys US$1.6bn stake in Fujian bank

PICC buys US$1.6bn stake in Fujian bank

The acquisition increases PICC’s stake in Hong Kong-listed Industrial Bank Co to 14%.

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Fosun completes Meadowbrook acquisition

Fosun completes Meadowbrook acquisition

US insurer will keep its headquarters in Michigan and continue to operate under the Meadowbrook brand.

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Hong Kong’s Now Health International acquires Best Doctors Insurance

Hong Kong’s Now Health International acquires Best Doctors Insurance

Acquisition creates one of the largest international private medical insurance (IPMI) providers in the world.

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WINTER 2017

Defending Asia's evolving risks