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- June 24 2015
Allianz launches new products targeting PWDs in Malaysia
Plans to cooperate with NGOs supporting PWDs in distributing the products.
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- June 24 2015
JLT Re names Asia Pacific veteran as global COO
Craig Brokenshire, formerly COO of JLT's Asia Pacific region, moves from Singapore to London to take up new role.
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- June 23 2015
Bangladesh regulator suspends Standard Insurance
Suspension follows failure to reinsure BDT463.3m (US$5.98m) worth of its policies.
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- June 23 2015
Fosun to buy Israeli insurer Phoenix for US$471m
Phoenix Holdings owner, still has the option to cancel the deal if not closed after five months.
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- June 23 2015
India’s general sector posts 12.3% growth in premium collections
The majority of the premium growth came from the four state-run general insurers.
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- June 23 2015
Vietnam’s non-life industry faces shortage of qualified actuaries
Only one actuary in Vietnam said meets the national standards.
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- June 22 2015
Air India seeks insurers for US$9bn insurance cover
State-owned and private insurance companies are expected to join in the aggressive bidding.
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- June 22 2015
Changes sought for Japan Post Insurance Co, ahead of planned IPO
Lawmakers looking to raise the maximum amount of insurance coverage at JPI.
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- June 22 2015
UN chief urges insurance industry to ease disaster-related financial burden
Industry must play a strong leadership role in UN initiatives, says Ban Ki-moon.
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- June 22 2015
Malaysia’s Islamic insurers investing more in technology
Takaful operators plan to double the number of Islamic insurance policyholders in five years.
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- June 19 2015
India plans higher solvency requirement for health insurance players
Plans to raise the solvency margin to up to 200% for group health.
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- June 19 2015
Taiwanese insurers hold US$288bn overseas assets
US denominated bonds form the majority of the overseas holdings.
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- June 19 2015
ACE establishes Asia Pacific bespoke unit
The centralised unit expects to conduct itself across 12 countries in the region.
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- June 19 2015
Chubb Insurance names new Australia CEO
Veteran, Matthew Doquile takes on new role from 1 July,
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- June 18 2015
Zurich Insurance to acquire 75% stake in MAA Takaful
Deal subject to approval by Bank Negara and the minister of finance.
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- June 18 2015
China’s business vehicle insurance programme to go nationwide by 2016
The programme seeks to encourage safe driving in the country.
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- June 18 2015
Japan Post Insurance Co to list on the Tokyo Stock Exchange
Final IPO date and expected price to be announced by the Government.
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- June 18 2015
Indonesia’s Sequis Life to raise number of sales staff to 66,000
Aims to become the third-largest life insurer in the country.
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- June 17 2015
South Korea offers MERS insurance for visitors
Free coverage aimed at relieving concerns over the MERS outbreak in Korea.
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- June 17 2015
Warren Buffett buys US$388m stake in IAG
IAG to sell a 3.7% stake to Berkshire Hathaway Inc. in a 10-year strategic partnership.