Wednesday, September 20, 2017

News

Foreign insurers rush to meet Malaysia ownership cap

Foreign insurers rush to meet Malaysia ownership cap

Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.

Read full article

China to heighten insurance scrutiny

China to heighten insurance scrutiny

Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.

Read full article

Mounting debt forces Hyundai Life to cut workforce

Mounting debt forces Hyundai Life to cut workforce

The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.

Read full article

Chinese life firms urged to diversify products

Chinese life firms urged to diversify products

A senior official at CIRC wants insurers to innovate and offer more than just short-term life products.

Read full article

ZhongAn eyes HK expansion after IPO

ZhongAn eyes HK expansion after IPO

The company is looking to sell life insurance and other healthcare products in the territory after it lists on HKEx.

Read full article

India’s life insurers record 23% growth in first-year premium

India’s life insurers record 23% growth in first-year premium

The state-run Life Insurance Corporation remained the leader among the country’s life insurers.

Read full article

AIA set to buy Commonwealth Bank’s life assets

AIA set to buy Commonwealth Bank’s life assets

The Asian insurance group has become favourite to buy the unit in a deal said to be worth more than US$4bn.

Read full article

ZhongAn seeks US$11bn valuation in HK IPO

ZhongAn seeks US$11bn valuation in HK IPO

China’s first internet-only insurer is selling a 15% stake that will see it raise US$1.5bn if the deal materialises.

Read full article

Manulife names new Asia CEO

Manulife names new Asia CEO

Anil Wadhwani has been appointed president and chief executive officer of the division, taking over from Philip Witherington.

Read full article

At least 20 bidders eye AXA wealth unit in HK

At least 20 bidders eye AXA wealth unit in HK

China Taiping Insurance and Country Garden are reportedly among the companies that have expressed an interest.

Read full article

Ant Financial’s agri insurance JV gets green light

Ant Financial’s agri insurance JV gets green light

China’s insurance regulator has given the go-signal for a joint venture with China United Insurance to begin operations.

Read full article

Singapore bond issuers urged to take up insurance

Singapore bond issuers urged to take up insurance

Such policies would pay for the costs of calling for meetings and legal and financial advisory fees.

Read full article

Indian general insurance premiums up 32%

Indian general insurance premiums up 32%

Private insurers ICICI Lombard General Insurance and Bajaj Allianz General Insurance led the growth.

Read full article

Cambodia sees life insurance rush

Cambodia sees life insurance rush

More than US$1bn worth of life premiums were issued in the first half of the year.

Read full article

Irma’s insured losses revised down

Irma’s insured losses revised down

From estimates up to US$60bn, forecast insured losses have been revised down to US$20bn-US$40bn.

Read full article

Hurricane Harvey highlights insurance protection gap

Hurricane Harvey highlights insurance protection gap

A significant proportion of the unprecedented flood losses generated by the hurricane will be uninsured.

Read full article

Pat Regan expected to become QBE’s new CEO

Pat Regan expected to become QBE’s new CEO

He is expected to replace John Neal when the current CEO steps down at the end of the year.

Read full article

HDI Global SE appoints new Singapore head

HDI Global SE appoints new Singapore head

Graham Silton will take over from Nicholas Cheng, who is retiring at the end of the year.

Read full article
1 2 3 117 117

Partner Content

White Papers

Follow InsuranceAsia News

Print Edition

SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers