Thursday, November 23, 2017

Asset Management

AIG sees third-quarter cat losses of US$3bn

AIG sees third-quarter cat losses of US$3bn

The figure includes US$1 billion each from hurricanes Harvey and Irma, and up to US$700 million from Maria.

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Two Malaysian pension funds eye stakes in insurers

Two Malaysian pension funds eye stakes in insurers

The country’s two biggest pension funds are considering buying into one of the locally incorporated foreign-owned insurers.

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Japanese life insurers seek to acquire global asset managers

Japanese life insurers seek to acquire global asset managers

Challenging returns at home prompt Japanese majors to seek opportunities and expertise abroad.

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Assets of China’s foreign-funded insurers growing

Assets of China’s foreign-funded insurers growing

Insurance companies funded by foreign capital registered total assets of over Rmb1tn, says CIRC.

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Taiwan insurers advised to hedge forex risk

Taiwan insurers advised to hedge forex risk

The Taiwan Futures Exchange has urged insurers to minimise the effects of a drop in the US dollar’s value.

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Vietnam market remains upbeat

Vietnam market remains upbeat

Sustained product awareness and continued economic expansion have helped premiums to grow 21%.

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Allianz completes sale of Korean unit to Anbang

Allianz completes sale of Korean unit to Anbang

The deal completed after the Financial Services Commission finally approved the transaction earlier this week.

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Insurers eye alternative assets

Insurers eye alternative assets

Insurers are under pressure to improve profit margins amid uncertainty, regulatory challenges and intense competition.

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Nippon Life in talks to acquire stake in TCW Group

Nippon Life in talks to acquire stake in TCW Group

The Japanese giant has begun discussions on its plan to buy a 20-30% stake in the US asset manager.

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CIRC to focus on regulation, not enterprise work

CIRC to focus on regulation, not enterprise work

The regulator says it will clean up its image and treat all market entrants and insurance companies fairly.

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ZhongAn raises US$1.5bn in HK IPO

ZhongAn raises US$1.5bn in HK IPO

China’s first internet-only insurer priced its initial public offering at the top of the indicated range.

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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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Zainudin Ishak, Malaysian Re

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