Friday, April 27, 2018

Macau

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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AIA launches HK’s first blockchain-enabled bancassurance

AIA launches HK’s first blockchain-enabled bancassurance

The technology will cut the time it takes to process insurance applications while improving transparency.

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Macau insurers peg typhoon losses at US$362.5m

Macau insurers peg typhoon losses at US$362.5m

Typhoon Hato, which struck the casino city in August, caused economic losses of US$1.4bn.

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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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Macau life insurance market expands by more than 50%

Macau life insurance market expands by more than 50%

The popularity of life products helped the city’s insurance sector surge during the first three quarters of this year.

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Berkshire Hathaway enters Macau market

Berkshire Hathaway enters Macau market

The new office will add to BHSI’s regional presence in Singapore and Hong Kong.

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Fidelidade wins permit to invest in Chinese stocks

Fidelidade wins permit to invest in Chinese stocks

Portugal’s largest insurance company authorised to invest in Shanghai and Shenzhen stock exchanges.

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AM Best affirms ratings of two Macau insurers

AM Best affirms ratings of two Macau insurers

Macau Insurance and Macau Life Insurance received ratings affirmation from AM Best.

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Macau casinos take out kidnap insurance to protect patrons

Macau casinos take out kidnap insurance to protect patrons

Alarmed by the rise in hostage-taking, casinos are turning to specialist insurance.

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China Life corners 59.2% of Macau’s insurance sector

China Life corners 59.2% of Macau’s insurance sector

The Monetary Authority of Macau says that the city’s overall life insurance market grew 72% during the first half of the year.

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Macau insurers set for growth, says report

Macau insurers set for growth, says report

Significant growth opportunities in the Special Administrative Region seen due to the low insurance penetration.

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