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- June 18 2018
Ex-CIRC head Xiang Junbo pleads guilty to bribery
The former chairman of China’s insurance regulatory body expressed remorse in his closing statement.
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- June 15 2018
ING, Axa sign partnership
The two institutions have forged a bancassurance partnership, initially covering parts of Europe and Australia.
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- June 15 2018
Philippine insurers ready to fund infrastructure projects
The government is relying on development financing, but the country's life insurers would like to get involved.
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- June 15 2018
India’s life firms post 9% premium growth
Life Insurance Corporation generated most of the growth, while many companies experienced declines.
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- June 14 2018
Malaysia to further review ownership rules for foreign insurers
The review may result in the country's central bank deferring the requirement to cut ownership to 70%.
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- June 14 2018
Prudential gets nod to increase investment in Vietnam
It is raising its chartered capital to about US$181.8m after winning approval from the finance ministry.
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- June 14 2018
FWD hires FIG banker as group corporate transactions officer
Petter Sternby joins from Standard Chartered, where he was head of the financial institutions advisory team.
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- June 14 2018
China orders life insurers to tighten reporting standards
New regulatory rules require better asset-liability management and reporting of cash flows.
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- June 13 2018
China says insurance sector’s risks generally controllable
The CBIRC says risks facing the insurance sector are complicated but solvency ratios remain stable.
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- June 13 2018
Markel wins Lloyd’s India licence
It will initially focus on treaty and facultative reinsurance for marine, energy, contingency and professional and financial risks
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- June 12 2018
Cyber insurance to see most rapid premium growth by 2021
Aon forecasts that worldwide cyber premiums will be worth US$4bn in three years.
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- June 12 2018
Peak Re hires chief representative for Japan
Satoshi Ichihara joins from Catlin as the Hong Kong-based reinsurer seeks to grow its business in Japan.
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- June 12 2018
US drops objection to China Oceanwide-Genworth deal
The acquisition is moving ahead after the Committee on Foreign Investments in the United States steps aside.
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- June 11 2018
Insurance penetration in India far below global average
More needs to be done to promote insurance as a way to manage risk rather than just a savings tool.
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- June 11 2018
Japan helps Myanmar to develop insurance sector
The country's insurance sector is expected to get a major boost from Japanese know-how in crafting rules and products.
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- June 11 2018
Howden partners with IPG
Parent company Hyperion Insurance Group has bought a controlling interest in high-net-worth life broker International Planning Group.
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- June 8 2018
Manulife makes senior appointments in Hong Kong
William Man becomes CIO and COO, Ivan Chan will head distribution and Selina Ko will lead the HR function.
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- June 8 2018
Mitsui Sumitomo signs blockchain MoU with Inmediate
The partnership is expected to deliver an innovative network that connects insurers, distributors and consumers.
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- June 8 2018
Sri Lanka insurance sector to see more M&A activity
Tough competition and tighter operating conditions due to enhanced capital requirements are driving consolidation.
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- June 8 2018
IP Ventures, Hanwha Life tie up for regional blockchain network
The move is expected to improve efforts to increase the use of distributed ledger technology in the region.
