Wednesday, September 20, 2017

Hong Kong

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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Hong Kong official calls for establishment of insurance authority

Hong Kong official calls for establishment of insurance authority

Statutory licensing regime for insurance salesmen also called for.

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AXA launching units in Singapore, Hong Kong and Shanghai

Data Innovation Lab in Singapore to conduct R&D work using data analytics.

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Sales of investment-linked assurance products fall 42% in Q1

Sales of investment-linked assurance products fall 42% in Q1

Sales plunge dramatically after Hong Kong regulators tightened rules in January.

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ACE establishes new team to focuses on Hong Kong SMEs

ACE establishes new team to focuses on Hong Kong SMEs

Multiline insurer also appoints Joseph Lee as senior business development manager for the Commercial Lines team in HK.

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Hong Kong tops table of health insurance premiums among expats

Hong Kong tops table of health insurance premiums among expats

High cost of living, rising healthcare costs, and high volume of plans purchased attributed, according to a report.

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Peak Re makes good underwriting progress in 2014

Peak Re makes good underwriting progress in 2014

After-tax profits came in at US$42 million.

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BPL reshuffles Asia-Pacific leadership

BPL reshuffles Asia-Pacific leadership

Peter Gilbert’s move to Singapore aimed at helping service BPL’s base of banks and corporates, and develop new markets and clients.

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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