Wednesday, September 20, 2017

Hong Kong

Uber Hong Kong closes insurance gap

Uber Hong Kong closes insurance gap

An official from the ride-hailing firm says it has secured protection for its drivers in the city.

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HK suppresses data on mainlanders’ insurance purchases

HK suppresses data on mainlanders’ insurance purchases

Hong Kong’s insurance regulator has stopped releasing the figures “to avoid the public misinterpreting the statistics”.

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Manulife names Asia head as global president

Manulife names Asia head as global president

Roy Gori, the former Citi banker who joined the Canadian insurer just two years ago, has been appointed global president.

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Chinese JV acquires Standard Life Asia

Chinese JV acquires Standard Life Asia

Heng An Standard Life Insurance has acquired the Hong Kong arm of British insurer Standard Life.

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Chubb appoints Hong Kong life head

Chubb appoints Hong Kong life head

Michael Ho joins from Prudential as head of life insurance division Chubb Life in Hong Kong.

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Hong Kong Life sold for US$914m

Hong Kong Life sold for US$914m

First Origin International, a Hong Kong-based investment firm, has paid HK$7.1b for the city’s 10th-biggest insurer.

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Hong Kong told to develop incentives for reinsurers

Hong Kong told to develop incentives for reinsurers

Insurers and brokers are moving their businesses to Singapore where economics of scale and tax benefits are preferable.

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IMG acquires ALC Health

IMG acquires ALC Health

The global benefits and assistance services provider has acquired UK-based à la carte healthcare.

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China consortium joins bid for Hong Kong Life Insurance

China consortium joins bid for Hong Kong Life Insurance

The consortium will be up against China’s state-owned Yue Xiu in a deal valued at more than US$700m.

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Sun Life Financial appoints Hong Kong CEO

Sun Life Financial appoints Hong Kong CEO

Fabien Jeudy will be responsible for growing operations across life and health, wealth management and pensions.

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Manulife HK sales jump 11%

Manulife HK sales jump 11%

Sterling results of insurance and wealth and asset management businesses drove the results.

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Willis Towers Watson hires regional strategy head

Willis Towers Watson hires regional strategy head

Angelini is tasked with leading the company’s expansion into wider strategy consulting services.

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Generali appoints Asia head

Generali appoints Asia head

Roberto Leonardi will be responsible for managing the P&C and life insurance businesses in Asia.

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Allianz and StanChart sign 15-year bancassurance deal

Allianz and StanChart sign 15-year bancassurance deal

The agreement gives access to the bank’s retail clients in Hong Kong, Singapore, Malaysia, Indonesia and China.

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HK insurers wince as China adds more FX restrictions

HK insurers wince as China adds more FX restrictions

Authorities have taken new steps to prevent mainland customers buying insurance products in the city.

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Mixed reaction to Hong Kong’s health insurance scheme

Mixed reaction to Hong Kong’s health insurance scheme

The dropping of guaranteed acceptance and a high-risk pool has caused controversy in the industry.

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Hong Kong caps insurance purchases of Chinese residents

Hong Kong caps insurance purchases of Chinese residents

Authorities roll out a series of curbs to control insurance-related outflows.

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Hong Kong’s popularity grows for mainland insurance buyers

Hong Kong’s popularity grows for mainland insurance buyers

The city remains a top attraction for wealthy Chinese who want to get their cash out of the country.

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SUMMER 2017

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