Wednesday, September 20, 2017

Life

Anbang sues former owners of Tongyang Life

Anbang sues former owners of Tongyang Life

In a case of buyer’s remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.

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AXA Hong Kong appoints new CEO

AXA Hong Kong appoints new CEO

Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.

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Mirae Asset Life to buy 50% stake in Prevoir Vietnam

Mirae Asset Life to buy 50% stake in Prevoir Vietnam

The deal marks Mirae’s entry into the Vietnamese market, having reportedly outbid a Chinese competitor.

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Tahoe completes acquisition of Dah Sing Insurance

Tahoe completes acquisition of Dah Sing Insurance

The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.

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Tokio Marine raises stake in Indian unit

Tokio Marine raises stake in Indian unit

The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.

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MetLife names new US president

MetLife names new US president

Michael Khalaf has been appointed to the role following his role in expanding the European business.

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Thai market continues to lose momentum

Thai market continues to lose momentum

Premium growth slowed for the fourth year in a row to 3.9% in 2016, according to Allianz Economic Research.

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Indonesian life firms post huge premium growth

Indonesian life firms post huge premium growth

Premium income expanded 25.5% thanks to the popularity of unit-linked and traditional insurance products.

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Offline life firms dominate Korea’s online market

Offline life firms dominate Korea’s online market

Savings-type policies offered by traditional insurers are a hit with internet users in the country.

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New HK regulator vows to work on cross-border supervision

New HK regulator vows to work on cross-border supervision

The Hong Kong Insurance Authority is expected to work hand in hand with its counterpart from mainland China.

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Hong Kong, overseas firms seek China entry

Hong Kong, overseas firms seek China entry

Among those making a beeline into the mainland market is FWD Hong Kong, which has applied for a life insurance licence.

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Regulator opposes merger of Indian life firms

Regulator opposes merger of Indian life firms

Irdai has disapproved the proposed merger of Max Life and HDFC Standard Life, based on the structure of the deal.

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Allianz Life names new Korea CEO

Allianz Life names new Korea CEO

Sun Lei replaces current chief executive Joos Louwerier, who has been leading the Korean unit since February 2016.

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Life premiums in Indonesia up 28%

Life premiums in Indonesia up 28%

Data released by the OJK shows that life insurers enjoyed solid premium growth in the first three months of this year.

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Anbang to invest US$2.67bn more in two Korean insurers

Anbang to invest US$2.67bn more in two Korean insurers

The Korean insurer is considering additional investments in Tongyang and Allianz ahead of tightened regulations.

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Roy Gori to succeed Donald Guloien as Manulife CEO

Roy Gori to succeed Donald Guloien as Manulife CEO

The former president and chief executive officer is set to retire on September 30 this year.

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Q&A: Daisy Ning

Q&A: Daisy Ning

We speak to the head of life and health products for Asia at Swiss Re about the changing role of actuaries in Asia.

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Top Japanese life firms post steep premium income fall

Top Japanese life firms post steep premium income fall

The negative interest rate policy of Japan’s central bank has weighed on investment income.

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