Wednesday, February 21, 2018

News

US$375bn awaits insurance innovators, says Accenture

US$375bn awaits insurance innovators, says Accenture

The largest of these revenue growth opportunities will arise in Asia Pacific, a new report says.

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HDFC seeks to acquire Apollo Munich

HDFC seeks to acquire Apollo Munich

India’s biggest mortgage firm has entered into the talks as part of a new push for growth through acquisitions.

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Myanmar opens doors to three foreign insurers

Myanmar opens doors to three foreign insurers

Local players are strongly opposed to liberalisation but the government is driving reform nevertheless.

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SoftBank eyes board seats at Swiss Re

SoftBank eyes board seats at Swiss Re

Founder Masayoshi Son is reportedly scheduled for a meeting with the Swiss company to discuss a possible agreement.

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China’s public insurance adjusters to see more scrutiny

China’s public insurance adjusters to see more scrutiny

CIRC has said public insurance regulators should be organised as either partnerships or corporations.

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Sun Life to embark on acquisitions

Sun Life to embark on acquisitions

The planned spending spree has been helped by better-than-expected earnings in the fourth quarter.

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Khazanah unit to sell its Turkish insurance business

Khazanah unit to sell its Turkish insurance business

The Malaysian sovereign wealth fund is seeking to dispose of Istanbul-based Acibadem Sigorta.

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China’s Rongfeng asked to justify plan to buy stake in Greek insurer

China’s Rongfeng asked to justify plan to buy stake in Greek insurer

Doubts emerge it may not have the capacity to engage in the deal with Ethniki Hellenic General Insurance

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FWD hires Arthur Lee as South-East Asia chairman

FWD hires Arthur Lee as South-East Asia chairman

He will oversee FWD’s expansion in the region, as well as leading corporate governance across the group.

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IAG reviews Asian operations

IAG reviews Asian operations

The review comes after a sharp surge in its first half 2017 profits, owing to higher premiums.

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Bank Danamon considers selling stake in insurance subsidiary

Bank Danamon considers selling stake in insurance subsidiary

The Indonesian bank’s insurance subsidiary is attracting interest from foreign investors.

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Rising demand for IPO legal insurance in Hong Kong

Rising demand for IPO legal insurance in Hong Kong

New stock market listing rules are set to boost sales for legal insurance to cover liabilities from initial public offerings.

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Chinese regulator puts cap on insurers’ overseas financing

Chinese regulator puts cap on insurers’ overseas financing

The China Insurance Regulatory Commission has limited foreign borrowing to 20% of an insurer’s net assets.

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Great Eastern mulls expansion in Indonesia, Thailand

Great Eastern mulls expansion in Indonesia, Thailand

The insurer’s goals include becoming one of the 10 biggest insurers in Indonesia within the next five years.

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India market to reach US$280bn by 2020

India market to reach US$280bn by 2020

Vice-president Venkaiah Naidu cited the country’s rosy economic prospects as a driver for the insurance industry.

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China Life reportedly acquiring AMP’s life assets for US$3bn

China Life reportedly acquiring AMP’s life assets for US$3bn

A possible deal to buy the troubled life insurance assets could be announced in May, according to reports.

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Life firms embracing digitalisation to battle stagnation

Life firms embracing digitalisation to battle stagnation

Insurance companies are integrating technology to prevent loss of market share to startups, says Deloitte.

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XL Catlin appoints China country manager

XL Catlin appoints China country manager

Phil Xue joins from Guy Carpenter to take up role of chief executive officer of XL Insurance (China).

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Nina Klingspor, Allianz Global Corporate & Specialty

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