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- February 27 2018
Three Chinese insurers sanctioned for foreign investment breaches
China Re Asset Management, China Life and Ping An Insurance violated regulations on investable countries.
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- February 27 2018
QBE posts US$1.25bn net loss for 2017
The losses are attributed to claims from natural disasters and underperforming businesses in emerging markets.
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- February 27 2018
Cigna expands senior executive roles
Two senior executives take on bigger roles and a new head of network and product is announced.
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- February 26 2018
Chinese government takes over Anbang Insurance
The state is taking temporary control of the insurer and prosecuting its founder over allegations of fraud.
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- February 26 2018
Willis Towers Watson appoints new Hong Kong leadership
Ex-Sun Life Hong Kong CEO Roger Steel becomes managing director for Hong Kong and Macau.
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- February 26 2018
Phoenix buys Standard Life insurance unit
The US$4.5bn transaction follows its recent purchases of Abbey Life and Axa Wealth.
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- February 23 2018
Yearly cybercrime losses top US$600bn in 2017
Hackers are becoming more sophisticated, with India, Vietnam and North Korea emerging as cybercrime centres.
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- February 23 2018
China mulls share ownership limit
CIRC is planning several new measures to limit the ownership of single shareholders in insurers.
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- February 23 2018
Indian insurers enjoy big sales hike
Premiums surged 14% year-on-year to US$64b, according to the latest data from Irdai.
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- February 23 2018
Generali eyes opportunities in the Philippine market
After the end of its 17-year partnership with BDO Unibank it intends to re-focus on group life and health.
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- February 22 2018
EY – APAC insurance CRO survey 2017–2018
Empowering for transformation
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- February 22 2018
Taiwan insurers urged to fund public projects
Insurers have been urged tap into their funds to help support national infrastructure and development projects.
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- February 22 2018
Allianz delivers strong growth in Asia
Operating profit in the region grew 22% to €273m, driven by strong performance across the business.
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- February 22 2018
Risk culture still lacking in Asia – EY
Less than half of insurers across the region have developed a risk culture or risk conduct framework.
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- February 21 2018
US$375bn awaits insurance innovators, says Accenture
The largest of these revenue growth opportunities will arise in Asia Pacific, a new report says.
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- February 21 2018
HDFC seeks to acquire Apollo Munich
India’s biggest mortgage firm has entered into the talks as part of a new push for growth through acquisitions.
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- February 20 2018
Myanmar opens doors to three foreign insurers
Local players are strongly opposed to liberalisation but the government is driving reform nevertheless.
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- February 20 2018
SoftBank eyes board seats at Swiss Re
Founder Masayoshi Son is reportedly scheduled for a meeting with the Swiss company to discuss a possible agreement.
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- February 20 2018
China’s public insurance adjusters to see more scrutiny
CIRC has said public insurance regulators should be organised as either partnerships or corporations.
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- February 19 2018
Sun Life to embark on acquisitions
The planned spending spree has been helped by better-than-expected earnings in the fourth quarter.
