Thursday, February 22, 2018

Life

Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand

Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand

The two companies will enter into strategic transactions across both life and general insurance.

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Three Chinese insurers punished over “problematic” policies

Three Chinese insurers punished over “problematic” policies

The three companies have been banned from applying for permission to sell new products for six months.

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Life insurers to benefit from China’s eased restrictions

Life insurers to benefit from China’s eased restrictions

The decision to ease restrictions on foreign ownership of financial firms is expected to attract more investment.

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Manulife appoints Singapore CEO

Manulife appoints Singapore CEO

Khoo Kah Siang joins from Great Eastern and will take up the role in February next year.

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Manulife, Sun Life report strong earnings

Manulife, Sun Life report strong earnings

The Canadian insurers have reported third-quarter earnings that exceed market expectations.

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Life business remains upbeat in Singapore

Life business remains upbeat in Singapore

The sector has continued to post sterling growth this year, registering double-digit growth amid robust sales.

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CDFHC expects gains after Taiwan insurer acquisition

CDFHC expects gains after Taiwan insurer acquisition

Development Financial Holding Corp says it is expecting “synergistic gains” after gaining a foothold in the Taiwanese market.

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China Life profit grows 365%

China Life profit grows 365%

Earnings have been buoyed by a leap in investment income amid an increasing stock market and robust premiums.

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Anbang resumes sale of high-yield products

Anbang resumes sale of high-yield products

Experts say government regulators must have extended a new lease on the group’s operations.

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Allianz to sell part of life insurance business in Taiwan

Allianz to sell part of life insurance business in Taiwan

The German insurance group has agreed to sell a portfolio of 78,000 policies to China Life.

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ANZ retains life unit but still has plans for sale

ANZ retains life unit but still has plans for sale

Life insurance will not be its main focus and the bank is planning to sell or even float the business.

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Aviva exits Taiwan

Aviva exits Taiwan

The British-headquartered insurer has decided to sell its stake in a local joint venture with First Financial.

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Five Chinese insurers barred from financing parent companies

Five Chinese insurers barred from financing parent companies

The move is part of a government effort to curb funding for some of the nation’s most aggressive asset acquirers.

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Nippon Life to buy MassMutual Japan for up to US$1.77bn

Nippon Life to buy MassMutual Japan for up to US$1.77bn

If the deal pushes through, it will be the first consolidation in the Japanese life insurance market since 2015.

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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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No IPO plans for Tata AIA Life

No IPO plans for Tata AIA Life

AIA’s chief executive officer and president Ng Keng Hooi revealed there was no need to raise fresh funds.

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Suncorp plans to sell life insurance unit

Suncorp plans to sell life insurance unit

The move comes after chief executive Michael Cameron commenced a strategic review of the division in February.

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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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Nina Klingspor, Allianz Global Corporate & Specialty

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