Wednesday, December 13, 2017

Countries

Taiwanese insurers hold US$288bn overseas assets

Taiwanese insurers hold US$288bn overseas assets

US denominated bonds form the majority of the overseas holdings.

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Chubb Insurance names new Australia CEO

Chubb Insurance names new Australia CEO

Veteran, Matthew Doquile takes on new role from 1 July,

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Zurich Insurance to acquire 75% stake in MAA Takaful

Zurich Insurance to acquire 75% stake in MAA Takaful

Deal subject to approval by Bank Negara and the minister of finance.

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China’s business vehicle insurance programme to go nationwide by 2016

China’s business vehicle insurance programme to go nationwide by 2016

The programme seeks to encourage safe driving in the country.

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Japan Post Insurance Co to list on the Tokyo Stock Exchange

Japan Post Insurance Co to list on the Tokyo Stock Exchange

Final IPO date and expected price to be announced by the Government.

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Indonesia’s Sequis Life to raise number of sales staff to 66,000

Indonesia’s Sequis Life to raise number of sales staff to 66,000

Aims to become the third-largest life insurer in the country.

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South Korea offers MERS insurance for visitors

South Korea offers MERS insurance for visitors

Free coverage aimed at relieving concerns over the MERS outbreak in Korea.

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Warren Buffett buys US$388m stake in IAG

Warren Buffett buys US$388m stake in IAG

IAG to sell a 3.7% stake to Berkshire Hathaway Inc. in a 10-year strategic partnership.

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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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Myanmar insurers to start selling health insurance

Myanmar insurers to start selling health insurance

Policies will be sold under a one-year trial commencing 1 July.

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China Pacific Insurance to invest US$5.2bn in China Railway

China Pacific Insurance to invest US$5.2bn in China Railway

Investment allows Chinese Insurer to broaden its investment channels of insurance capital.

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Philippine lawmakers urged to pass national flood insurance bill

Philippine lawmakers urged to pass national flood insurance bill

Bill aims to augment state-funded disaster assistance.

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Marsh contributes US$93m to India’s nuclear insurance pool

Marsh contributes US$93m to India’s nuclear insurance pool

Risk manager bridges funding gap, according to reports.

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Taiwan’s Nan Shan Life to acquire AIG unit for US$158m

Taiwan’s Nan Shan Life to acquire AIG unit for US$158m

Nan Shan Life to buy the personal and SME insurance businesses from AIG’s unit in Taiwan.

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Great American Insurance Group establishes in Singapore

Great American Insurance Group establishes in Singapore

Monetary Authority of Singapore grants formal licence for branch operation.

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Insurance payout for Yangtze accident to hit US$14.8m

Insurance payout for Yangtze accident to hit US$14.8m

Payout involves 340 contracts underwritten for parties involved with the incident.

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German reinsurance giant Hannover mulls setting up India branch

German reinsurance giant Hannover mulls setting up India branch

Considers the possibility of setting up a branch in India as a reinsurer.

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Reliance Insurance to hire 20,000 agents across India this year

Reliance Insurance to hire 20,000 agents across India this year

RLIC to raise its agency force by 20% across the country this year.

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WINTER 2017

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