Thursday, February 22, 2018

Legal/Regulatory

Tokio Marine closes US$7.5bn HCC acquisition

Tokio Marine closes US$7.5bn HCC acquisition

The biggest M&A deal ever by a Japanese insurer wins approvals from shareholders and regulators.

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Nippon Life seals US$1.65bn deal for NAB’s life unit

Nippon Life seals US$1.65bn deal for NAB’s life unit

The bank will unveil details of the acquisition during its full-year profits announcement on Wednesday.

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Philippines issues guidance on micro pre-need products

Philippines issues guidance on micro pre-need products

Insurers in the country are set to soon come out with micro pre-need products and services.

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Beijing seeks to expand insurance collaborations with Taiwan

Beijing seeks to expand insurance collaborations with Taiwan

Life, health and liabilities insurance policies to form part of discussion in closed door meeting.

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Samsung Bank China Life begins operation

Samsung Bank China Life begins operation

New shareholder Bank of China allows Korean insurer to operate life businesses in China.

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EastWest-Ageas life insurance JV gets SEC approval

EastWest-Ageas life insurance JV gets SEC approval

East West Banking Corporation and Ageas Insurance International receive green light for new life insurance company.

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HK insurance commissioner addresses industry

HK insurance commissioner addresses industry

Speaking at the FT Asia Insurance Summit, John Leung sought to ease fears about the burden of new regulations.

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China and Taiwan hold cross-strait insurance talks

China and Taiwan hold cross-strait insurance talks

The meeting is aimed at standardising regulations and improving mutual market access.

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Lloyd’s and China Taiping sign cooperation deal

Lloyd’s and China Taiping sign cooperation deal

Under the terms of the MoU, Lloyd’s will help China Taiping to expand its global business network.

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Korean insurers free to set their own premiums

Korean insurers free to set their own premiums

Financial regulator FSC is promoting greater price competition in the local insurance market.

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Bangladeshi scheme will train insurance practitioners

Bangladeshi scheme will train insurance practitioners

Professional insurance education is being offered through two private academic institutions.

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Vietnam to ban SOEs from investing in insurance firms

Vietnam to ban SOEs from investing in insurance firms

A government decree has banned SOEs from making fresh investments in insurance firms.

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Nippon Life eyes NAB’s insurance unit

Nippon Life eyes NAB’s insurance unit

The Australian bank has put its insurance unit on sale due to tightened global regulations.

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Online insurance still unpopular in Taiwan

Online insurance still unpopular in Taiwan

Regulators aim to remove roadblocks that hamper online insurance sales after a lacklustre year.

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Aon reportedly pulling out of India’s broking market

Aon reportedly pulling out of India’s broking market

Broker is set to pull out of its Indian joint venture amid “regulatory changes”.

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Japanese insurers to offer liability cover in Myanmar

Japanese insurers to offer liability cover in Myanmar

Three insurers have won licences to offer insurance products in Thilawa Special Economic Zone

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AIA sells Sri Lanka general insurance unit

AIA sells Sri Lanka general insurance unit

Local insurer Janashakthi will pay US$22.8m to buy the unit after raising funds from a rights offer.

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Philippines seeks to widen health insurance coverage

Philippines seeks to widen health insurance coverage

Review prompted after the country was tagged as one of the world’s worst places to die.

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Nina Klingspor, Allianz Global Corporate & Specialty

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