Thursday, November 23, 2017

Countries

Peak Re wins MAS authorisation

Peak Re wins MAS authorisation

The company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore.

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Chinese internet-only insurers still register losses

Chinese internet-only insurers still register losses

The profits of China’s four online-based insurers saw a rise in premium income, but still ended up registering a loss.

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Chinese insurers post lower premium income growth

Chinese insurers post lower premium income growth

A crackdown on insurance companies’ risky and aggressive investment behaviour has taken a toll.

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Chinese app to acquire insurance broker

Chinese app to acquire insurance broker

Toutio, a Chinese news app, is poised to be the latest Chinese media platform looking to get into fintech.

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Dozen firms in the running to acquire India’s Star Health

Dozen firms in the running to acquire India’s Star Health

At least 12 companies have expressed interest in bidding for the country’s largest standalone health insurance provider.

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Allianz opens Beijing branch

Allianz opens Beijing branch

The office will provide commercial and consumer P&C solutions to customers in the Chinese capital.

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Life business remains upbeat in Singapore

Life business remains upbeat in Singapore

The sector has continued to post sterling growth this year, registering double-digit growth amid robust sales.

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Starr remains committed to Singapore market

Starr remains committed to Singapore market

The reassurance comes after decision to stop underwriting new business through its Lloyds Syndicate 1919.

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Korean official warns interest rate hike could disrupt insurers

Korean official warns interest rate hike could disrupt insurers

FSC vice-chairman Kim Yong-beom made the pronouncement ahead of the Bank of Korea’s plan to raise its key rate.

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Edelweiss Tokio Life in talks for bancassurance deals

Edelweiss Tokio Life in talks for bancassurance deals

The Indian-Japanese joint venture is in discussions about possible cooperation with several banks.

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Willis Towers Watson hires North Asia P&C consulting lead

Willis Towers Watson hires North Asia P&C consulting lead

Evariste Yeung will head up property and casualty insurance consulting across the region.

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Royal Sundaram aims to raise US$100m

Royal Sundaram aims to raise US$100m

The Indian general insurer is reportedly looking to raise equity capital of up to US$100m.

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Zurich makes new property and energy appointments

Zurich makes new property and energy appointments

The insurer continues to expand its commercial insurance hub in Singapore with new senior regional appointments.

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China Life to boost global exposure

China Life to boost global exposure

The Chinese insurer plans to be more visible internationally as it expands its overseas presence.

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L&G targets Japanese market

L&G targets Japanese market

Britain’s Legal & General is set to offer company pension scheme insurance and investment management.

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Singapore chases cat bonds

Singapore chases cat bonds

Lim Hng Kiang, trade minister and deputy chairman of MAS, unveils a subsidy scheme for catastrophe bond issuers.

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The times are not a-changing

The times are not a-changing

Economy outlook: the Fed’s new governor signals policy continuity, while Japan and China also pursue more of the same.

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HK regulator keen to encourage insurtech

HK regulator keen to encourage insurtech

The Insurance Authority has called for innovations that will help to cut premiums paid by customers.

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