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- April 13 2018
China to relax foreign ownership in life sector from June
Limits in joint venture life insurance companies will be raised to 51% this year and removed in three years.
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- April 13 2018
India’s general insurers book 17% direct premium growth
Private sector general insurers recorded even stronger growth of 21.6% during the financial year just ended.
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- April 12 2018
Sompo International creates retail platform for global integration
The group envisions bringing all its international businesses outside Japan under the ownership of one unit by 2020.
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- April 12 2018
Losses reach US$144bn from catastrophes in 2017
The figure is the highest recorded in a single year and double the losses of 2016, the second-highest on record.
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- April 12 2018
Prudential to increase investment in China
The company is aiming to boost its product coverage and sales distribution in the country.
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- April 12 2018
Beazley appoints Asia-Pacific head
Lucien Mounier will oversee growth opportunities in the region for its portfolio of specialist insurance products.
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- April 11 2018
Asian insurtech M&A surges
The transaction volume of insurtech M&A in Asia hit US$460 million in 2017, more than three times that of 2016.
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- April 11 2018
PICC eyes Shanghai listing
The parent of China’s biggest non-life insurer is planning a secondary listing to raise over Rmb10bn in fresh capital.
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- April 11 2018
RKH Specialty targeting Asia expansion
Stuart Beatty has been appointed as the company's regional CEO to build its specialty capabilities in the region.
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- April 11 2018
China to speed up insurance industry opening
President Xi Jinping said the country will accelerate liberalisation and significantly broaden market access.
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- April 10 2018
Indian mortgage lender HDFC to acquire Apollo Munich
India's largest mortgage lender is reportedly in advanced negotiations to pay around US$150m for the joint venture.
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- April 10 2018
South-East Asia, Africa to drive takaful growth
New markets outside the GCC, Malaysia and Turkey are expected to drive growth of the Islamic insurance industry.
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- April 9 2018
India’s public-sector merger put off to next year
The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.
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- April 6 2018
Farglory Life fined over corporate governance breach
Taiwan’s regulator has imposed the penalty for corporate governance breaches on a series of real estate projects.
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- April 6 2018
US broker Alliant targets Asia expansion
The move is a consequence of its acquisition of Dumortier Risk Management, which has ties to Taiwan and China.
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- April 6 2018
Swiss Re confirms talks with SoftBank over possible stake sale
It is eyeing a strategic cooperation and a minority investment that is not expected to exceed 10%.
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- April 5 2018
China injects US$9.7bn into Anbang
The capital injection is aimed at ensuring the solvency and stability of the group.
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- April 5 2018
Sun Life aligns HNW operation with Asia business
The change reflects the fact that the high net worth business mostly serves Chinese clients.
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- April 5 2018
China’s premium income falls 18.5%
The year-on-year decline happened in the January-February period.
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- April 5 2018
China’s new regulator appoints seven vice-chairmen
The Chinese government has added staff to the newly merged banking and insurance watchdog.
