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- February 4 2016
Indonesia’s legislators seek limits on foreign ownership
No decision yet on threshold, says OJK, but existing majority owners are hoping for an exemption.
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- February 4 2016
China caps Hong Kong insurance purchases
Foreign exchange regulator is stepping up administrative measures to slow capital outflows.
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- February 4 2016
Asia United Bank seeks bancassurance partners
Bank's president says that potential partners have approached the bank for a possible deal.
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- February 4 2016
China’s iKang acquires 45% stake in NCI Health
Under the deal, NCI and iKang will serve customers across 100 medical centres in China.
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- February 3 2016
China sets new capital requirements for firms
C-ROSS has now been officially implemented to ensure rational growth of the country's insurance industry.
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- February 3 2016
China’s ZhongAn launches cloud insurance with Aliyun
China's first online insurance company has partnered with Alibaba's cloud computing service provider.
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- February 3 2016
Aon forms insurance broking JV in India
The partnership with Indian technology firm Catamaran provide risk management and insurance broking.
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- February 3 2016
Japanese majors complete London acquisitions
Mitsui Sumitomo and Sompo Japan have formally closed deals to acquire Amlin and Canopius.
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- February 2 2016
New players to boost Philippine sales to US$6.3bn in 2016
The Insurance Commission is forecasting ambitious premium income growth of 28% this year.
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- February 2 2016
GIC Re to open China branch
The office will open within the next two to three months, according to chief managing director Alice Vaidyan.
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- February 2 2016
Indonesian firms target country’s 88 million internet users
With just 2.5% insurance penetration, more companies are going online to win customers and boost premiums.
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- February 2 2016
Ping An issues China’s first overseas senior bonds
The US$1.2 billion issuance marks the first senior bond offering from an onshore mainland entity.
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- February 1 2016
Samsung Life buys US$1.27bn Samsung Card stake
The acquisition raises its stake in the credit card business to 71.8%, the two companies said in a disclosure.
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- February 1 2016
Andrew Barrowman joins JLT as Hong Kong head
He moves to the role from JLT Australia, where he was head of specialty, servicing clients across multiple lines.
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- February 1 2016
Malaysia forecast to spend US$20bn on healthcare by 2020
The expected rise is due to chronic diseases, healthcare costs and the declining value of the the ringgit.
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- February 1 2016
Indonesia to limit foreign ownership to 30%
The country's insurance regulator announced its latest protectionist measure to reporters on Friday.
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- January 29 2016
Thailand’s life industry to grow at least 10% this year
A government stimulus packages launched during the fourth quarter of last year will provide a boost.
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- January 29 2016
Malaysia’s first takaful firm posts double-digit profit rise
The growth was attributed to higher sales from both family and general takaful businesses.
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- January 29 2016
JLT launches first renewable energy cover in the Philippines
Policy offers security to small and mid-sized renewable energy developers against project risks.
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- January 29 2016
More big M&A deals expected from China and Japan in 2016
Insurers are planning more deals this year on the back of low interest rates and cheap capital.
