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- July 1 2015
US regulators okay Fosun’s US$433m insurance acquisition
Chinese conglomerate receives approval from regulators in Michigan and Washington.
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- July 1 2015
Global regulators push back implementation of ICS
Regulators continue to assess feedback before implementing tougher capital rules.
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- June 30 2015
Malaysia’s Takaful Ikhlas plans overseas venture by 2020
The KL-based Islamic financial protection provider is planning to venture abroad by 2020.
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- June 30 2015
Specialist warns of over-reliance on cyber insurance
Security specialist Carl Leonard says companies' over-reliance on cyber insurance could result in security breaches.
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- June 30 2015
Philippine deposit insurer to auction 126 bank assets
The PDIC is soliciting sealed bids for 126 properties owned by closed banks nationwide.
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- June 30 2015
Peak Re appoints chief risk officer
The appointment signifies a move to strengthen corporate risk management amid rising international standards and requirements.
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- June 29 2015
Insurance Asia Group names new deputy chair
Virgin Australia Group's chairman, Elizabeth Bryan appointed as deputy chairman.
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- June 29 2015
Standard Life shuts Singapore business
Firm remains committed to its Asian business with focus on Chinese and Indian partners.
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- June 29 2015
Japan raises quake insurance premiums
Commencing Jan 2017, premiums to be raised by an average of 19%.
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- June 29 2015
Willis names Southeast Asia CEO
Simon Weaver appointed to the newly created role of regional CEO for SE Asia and CEO for Singapore.
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- June 26 2015
Thailand’s actuaries association seeks role in drafting insurance laws
Group seeks to participate in drafting organic laws where it is directly affected.
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- June 26 2015
Malaysia’s BTPN bank seeks life insurance acquisition
BPTN customers currently covered by separate credit life insurance policies.
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- June 26 2015
Global insurance industry gained momentum in 2014
Insurance premiums last year gained 3.7% to US$4.8tr.
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- June 26 2015
China trims insurance rates and establishes investment fund
Reduction in certain insurance rates will save Rmb27bn (US$4.43bn) for employers.
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- June 25 2015
Singapore prepares to roll out compulsory health insurance scheme
Ministry of Health initiative gathers pace with household check exercise.
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- June 25 2015
Fubon Financial acquires Hyundai Life Insurance stake for US$199m
Taiwanese financial services firm to acquire stake via its insurance unit, Fubon Life Insurance.
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- June 25 2015
China’s largest P&C insurer gets Moody’s upgrade
IFSR of PICC P&C upgraded to Aa3 from A1, with stable outlook.
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- June 25 2015
ACE Group names new Vietnam country president
Dang Hoang Tung joins multiline property and casualty giant from AIG Vietnam.
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- June 24 2015
Swiss Re becomes first Swiss firm to obtain China’s RQFII licence
RQFII programme allows the reinsurer to gain access to the Chinese financial market.
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- June 24 2015
Insurance bought through financial advisers said to be cheaper
Report based on the analysis of more than 20 life insurance offers in Australia.
