Friday, April 27, 2018

Legal/Regulatory

India starts merger process of three state insurers

India starts merger process of three state insurers

The proposed merger has been set in motion, though the government has yet to lay out a roadmap.

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Majority of Japanese health insurance societies loss-making

Majority of Japanese health insurance societies loss-making

Of the 1,389 health insurance societies, more than 60% are expected to end the fiscal year in the red.

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Chinese regulator steps up fight against financial risk

Chinese regulator steps up fight against financial risk

All potential violations are being aggressively targeted, according to the new banking and insurance regulator.

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Malaysia’s KWAP set to close insurance acquisition

Malaysia’s KWAP set to close insurance acquisition

The retirement fund’s chief executive said the fund is currently talking with two foreign insurers.

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Talanx to up stake in PetroVietnam Insurance

Talanx to up stake in PetroVietnam Insurance

A unit of the German company plans to raise its ownership in the state-owned insurer to at least 49%.

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Korean insurers face weakening financial health

Korean insurers face weakening financial health

A rise in interest rates and dividend payouts took its toll on available capital in the fourth quarter of last year.

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Malaysia first

Malaysia first

Foreign insurers have until the end of June to cut their ownership to 70%, but local buyers are scarce.

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India’s insurance regulator may have new chief in May

India’s insurance regulator may have new chief in May

Life Insurance Corporation’s VK Sharma and New India Assurance’s G Srinivasan seen as top contenders.

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JD.com to buy one-third of Allianz China General Insurance

JD.com to buy one-third of Allianz China General Insurance

The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.

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No alternatives, Malaysia tells foreign insurers

No alternatives, Malaysia tells foreign insurers

They will have to fulfil their commitment to sell 30% of their operations to local shareholders by June 30.

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Anbang seeks advice on potential divestments

Anbang seeks advice on potential divestments

The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.

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China to relax foreign ownership in life sector from June

China to relax foreign ownership in life sector from June

Limits in joint venture life insurance companies will be raised to 51% this year and removed in three years.

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India’s general insurers book 17% direct premium growth

India’s general insurers book 17% direct premium growth

Private sector general insurers recorded even stronger growth of 21.6% during the financial year just ended.

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Prudential to increase investment in China

Prudential to increase investment in China

The company is aiming to boost its product coverage and sales distribution in the country.

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China to speed up insurance industry opening

China to speed up insurance industry opening

President Xi Jinping said the country will accelerate liberalisation and significantly broaden market access.

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India’s public-sector merger put off to next year

India’s public-sector merger put off to next year

The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.

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Farglory Life fined over corporate governance breach

Farglory Life fined over corporate governance breach

Taiwan’s regulator has imposed the penalty for corporate governance breaches on a series of real estate projects.

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China injects US$9.7bn into Anbang

China injects US$9.7bn into Anbang

The capital injection is aimed at ensuring the solvency and stability of the group.

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