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- June 7 2018
Asian cities among world’s most exposed
Cities in the region have the highest economic exposure to risks, according to Lloyd’s latest City Risk Index.
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- June 7 2018
MBK Partners stalls proposed sale of ING Life stake
KB Financial Group has pulled out of talks for an acquisition that could have cost as much as US$2.3bn.
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- June 7 2018
SBI Life eyes 10 bancassurance deals
The Indian insurer is planning to partner with a host of banks as it shifts from its traditional stance.
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- June 6 2018
Japanese life firms rush to Australia for growth opportunities
Strong prospects Down Under are being driven by a growing population and a mature economy.
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- June 6 2018
Moody’s upgrades outlook for China’s life insurance industry
The agency highlights a shift to a more sustainable product mix and a slowdown in investments in risky assets.
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- June 5 2018
Axa, Zikto to develop blockchain-based insurance products
The agreement will integrate the Insureum Protocol across the entire spectrum of insurance processes.
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- June 5 2018
Korea to welcome more reinsurers
The financial regulator has announced landmark plans to ease entry barriers and compete with Korea Re.
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- June 5 2018
Berkshire Hathaway names new president for Australasia
Mark Lingafelter will succeed Chris Colahan, who is taking over the firm’s specialty insurance unit in the UK and Europe.
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- June 4 2018
PE firms target Indian insurance market
There has been a rise in the number of private equity firms interested in acquiring stakes in local insurers.
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- June 4 2018
Hong Kong’s Insurance Authority closes in on new CEO
Clement Cheung, a former Commissioner of Insurance in the city, is expected to be named to the post.
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- June 4 2018
Takaful Malaysia converts its composite licence to allow split
The company is splitting into two entities, one focused on family takaful and one on general takaful.
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- June 4 2018
China’s premium income drops almost 8%
From January to April, the country's insurance firms posted total premium income of Rmb1.67tn (US$258.64bn).
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- June 1 2018
India considers wholly foreign-owned insurance brokers
The government has reportedly agreed to consider the industry's request to allow 100% foreign direct investments.
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- June 1 2018
Majority foreign ownership in Chinese insurance ventures likely
The change for life insurance JVs is proposed in the latest draft regulatory amendments under consideration.
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- June 1 2018
Axa appoints new COO of Asian markets
Myriam Moufakkir will lead and transform the company's IT and operations capabilities across the region.
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- May 31 2018
AIA hires chief digital officer
Daisuke Iwase joins from Lifenet Insurance, a listed direct life insurance firm in Japan, where he was president.
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- May 31 2018
Ex-Anbang Insurance chairman appeals conviction
Wu Xiaohui has reportedly appealed his conviction of embezzling about US$12 billion in funds.
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- May 31 2018
XL Catlin appoints Asia client and distribution leader
Zoe Xie will be responsible for delivering client and broker strategies for Singapore and Hong Kong.
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- May 31 2018
ANZ New Zealand sells OnePath Life to Cigna
The NZ$700m (US$484m) is part of the Australian company’s efforts to simplify its operations.
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- May 30 2018
China imposes US$9.8m fines on insurers
Violations that incurred penalties included irregularities such as misleading sales pitches and fake materials.
