Wednesday, September 20, 2017

Hong Kong

Sale of SCB insurance unit to FWD halted

Sale of SCB insurance unit to FWD halted

What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.

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Emerging Asia to drive premium growth

Emerging Asia to drive premium growth

Asian emerging markets will help global insurance premium growth accelerate to 5.9% during the coming decade.

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China’s ZhongAn files US$1.5bn IPO in Hong Kong

China’s ZhongAn files US$1.5bn IPO in Hong Kong

China’s first internet-only insurer may launch its initial public offering before the end of the year.

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OCBC sells 33.3% stake in Hong Kong Life Insurance

OCBC sells 33.3% stake in Hong Kong Life Insurance

The sale to First Origin International yielded a return of around US$309m.

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Prudential’s Eastspring invests US$500m in IFC infrastructure fund

Prudential’s Eastspring invests US$500m in IFC infrastructure fund

The asset management unit is the first Asian investor to participate in the programme, known as MCPP Infrastructure.

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AXA Hong Kong appoints new CEO

AXA Hong Kong appoints new CEO

Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.

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Hong Kong’s Insurance Authority takes the reins

Hong Kong’s Insurance Authority takes the reins

The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.

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Tahoe completes acquisition of Dah Sing Insurance

Tahoe completes acquisition of Dah Sing Insurance

The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.

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Zhong An’s Hong Kong IPO expected July or August

Zhong An’s Hong Kong IPO expected July or August

The Chinese online insurer is expected to list as early as July or August to raise up to US$2b.

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CIRC vows to continue crackdown on HK sales

CIRC vows to continue crackdown on HK sales

Illegal sales have led to asset outflows and aid money-laundering, according to the regulator.

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Increasing HK healthcare costs boost insurance sales

Increasing HK healthcare costs boost insurance sales

The number of private and personal health insurance plans rose by more than 300,000 in 2015.

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New HK regulator vows to work on cross-border supervision

New HK regulator vows to work on cross-border supervision

The Hong Kong Insurance Authority is expected to work hand in hand with its counterpart from mainland China.

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Hong Kong, overseas firms seek China entry

Hong Kong, overseas firms seek China entry

Among those making a beeline into the mainland market is FWD Hong Kong, which has applied for a life insurance licence.

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Hong Kong’s Astri expands cyber coverage to insurers

Hong Kong’s Astri expands cyber coverage to insurers

The Applied Science and Technology Research Institute is in talks to provide an insurance cybersecurity network.

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Willis Towers Watson appoints regional head of investments

Willis Towers Watson appoints regional head of investments

Based in Tokyo, Taro Ogai will succeed Naomi Denning, who will be leaving the company.

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PICC plans US$2bn share sale in mainland China

PICC plans US$2bn share sale in mainland China

The sale comes more than four years after its subsidiary went public in Hong Kong through a US$3.1bn offering.

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AIA delivers record new business performance

AIA delivers record new business performance

The value of new business grew to US$884m during the three months ending February 28, up 55% from last year.

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Hong Kong plays catch-up with Singapore

Hong Kong plays catch-up with Singapore

The city is facing a serious challenge and is lagging behind its competitors in many areas. Can China come to its rescue?

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers