Saturday, September 23, 2017

Asset Management

Debt-to-equity swaps open to Chinese insurers

Debt-to-equity swaps open to Chinese insurers

Insurance funds may soon be granted permission to join in debt-to-equity swaps of distressed firms.

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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.

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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.

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Listed Chinese insurers to benefit from risk crackdown

Listed Chinese insurers to benefit from risk crackdown

Efforts to contain the sale of risky short-term life insurance policies won’t seriously affect the country’s major insurers.

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Anbang returns to more traditional business model

Anbang returns to more traditional business model

The company is preparing a new array of services and products to launch after its current ban expires.

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Targeting Asia’s greying population

Targeting Asia’s greying population

Insurers could be missing a trick by not offering more retirement income products to the region’s ageing population.

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Investment income lifts China Life profits

Investment income lifts China Life profits

Net income rose by 17.8% in the first six months of the year, driven by an 11.45% investment return.

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Anbang Life’s credit rating lowered

Anbang Life’s credit rating lowered

A Chinese rating agency has downgraded the insurer three months after CIRC curtailed its operations.

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QBE puts emerging markets business under review

QBE puts emerging markets business under review

Operations in Thailand and Colombia face closure after poor results led investors to question strategy.

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AIG selling US$2bn life settlements portfolio

AIG selling US$2bn life settlements portfolio

The insurer is reportedly working with investment bankers from Goldman Sachs to unload the assets.

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Korean insurers post 28.3% profit rise

Korean insurers post 28.3% profit rise

Results for the first half of this year reflect robust dividend income growth and a drop in the loss ratio, said the FSS.

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MS&AD to spend US$401m for stake in Challenger

MS&AD to spend US$401m for stake in Challenger

The Japanese group will acquire a 6%-plus interest in the leading player in Australia’s superannuation industry.

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Samsung Life posts 26% profit growth

Samsung Life posts 26% profit growth

The insurer added that its value of new business was W598.3 billion, up 6.5% over the same period.

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Korean non-life insurers pressure to cut premiums

Korean non-life insurers pressure to cut premiums

The big non-life firms raked in higher profits, but this has led to pressure on pricing.

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China insurers’ profits up 10% in H1

China insurers’ profits up 10% in H1

Industry players raked in Rmb116.1bn during the first six months of the year.

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Asian insurers step up hedge fund allocations

Asian insurers step up hedge fund allocations

Investment accounted for 8% of the total capital placed with hedge funds in the region.

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Japanese life majors to cut foreign bond investment

Japanese life majors to cut foreign bond investment

Limited yields and yen risks have prompted a loss of appetite for overseas bond investments this year.

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Aviva to sell Friends Provident for US$443m

Aviva to sell Friends Provident for US$443m

It has agreed to sell the business to RL360 Holding Company, a unit of International Financial Group, to free up capital.

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SUMMER 2017

House of cards

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