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- April 17 2018
No alternatives, Malaysia tells foreign insurers
They will have to fulfil their commitment to sell 30% of their operations to local shareholders by June 30.
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- April 16 2018
Anbang seeks advice on potential divestments
The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.
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- April 16 2018
Chubb appoints head of bancassurance for Asia Pacific
Jin Lee, the company's current regional deputy general counsel, will oversee the DBS-Chubb partnership.
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- April 16 2018
Good Doctor targets US$1bn Hong Kong IPO
Ping An will spin off China’s largest health care and online medical platform in early May.
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- April 16 2018
AIG appoints chief claims officer
Anthony Vidovich is expected to craft the strategic direction of general insurance claims.
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- April 13 2018
Cathay Life’s move on Bank of Nova Scotia’s Malaysian unit fails
The Taiwanese financial group did not give details on why the deal fell through, but said it wasn't about price.
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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.
