Friday, November 24, 2017

Health

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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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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CVS offers to buy Aetna for US$66bn

CVS offers to buy Aetna for US$66bn

The proposed acquisition is poised to be the largest ever in health insurance history.

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India’s health segment to grow faster than motor

India’s health segment to grow faster than motor

With just 10% of people taking up commercial health insurance, the sector has more room to grow.

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Citi banker joins Ping An fund as COO

Citi banker joins Ping An fund as COO

Donald Lacey is reportedly set to leave the bank to join the US$1bn Global Voyager Fund.

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Vietnam’s health coverage likely to hit 83% this year

Vietnam’s health coverage likely to hit 83% this year

The prime minister announced the penetration rate at the fourth session of the 14th National Assembly in Hanoi.

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Honan Insurance to acquire Singapore-based NGA Benefits

Honan Insurance to acquire Singapore-based NGA Benefits

The Australian-owned and operated buyer is looking to add to its growing employee benefits business in South-East Asia.

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Chubb appoints 5 global executives

Chubb appoints 5 global executives

Cunqiang Li has been named chief operating officer for Chubb Life, the firm’s international life insurance division.

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Tokio Marine to buy AIG medical insurance unit

Tokio Marine to buy AIG medical insurance unit

The Japanese insurer will buy the business through US subsidiary HCC Insurance for over US$266m.

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Relying on India

Relying on India

Reliance Capital is launching a standalone health insurance company to capitalise on the country’s growth.

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PartnerRe names new CEO for L&H in Asia

PartnerRe names new CEO for L&H in Asia

Jerome Matrundola joins from SCOR to lead the life and health business in the region.

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Largest Philippine HMO in trouble over capital

Largest Philippine HMO in trouble over capital

Caritas Health Shield to raise fresh capital after allegations it has US$136m deficiency in its actuarial reserves.

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Korea’s health insurance outlays hit US$30bn

Korea’s health insurance outlays hit US$30bn

Spending on medical examinations, hospitalisations and drug purchases in the first half of the year rose 9.2%.

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Malaysia urged to regulate healthcare fees

Malaysia urged to regulate healthcare fees

Authorities have called on industry players to address the issue of escalating inflation of medical insurance.

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Cigna raises stake in India JV

Cigna raises stake in India JV

An application with the regulator will increase its stake in the joint venture with TTK to 49% from 26%.

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Ping An to invest $1bn in tech R&D

Ping An to invest $1bn in tech R&D

The group will invest more on tech research and development this year, particularly in the field of artificial intelligence.

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Star Health Insurance plans US$470m stake sale

Star Health Insurance plans US$470m stake sale

The Indian insurer has reportedly appointed an investment bank for primary and secondary stake sales.

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Asian health insurance among world’s most expensive

Asian health insurance among world’s most expensive

Hong Kong, Singapore and China are among the top five most expensive locations for international health insurance.

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