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- March 18 2020
AMTD’s insurtech plans ramp up with PolicyPal deal in Singapore
Majority stake in the digital broker will help create a South-East Asia platform.
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- March 17 2020
QBE confirms 200 job cuts in Australia Pacific arm
The Australian insurer is undergoing an operational streamlining under Pat Regan.
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- March 17 2020
Prudential Life Korea sale set for three-way tussle
The main bidding will take place later this week.
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- March 16 2020
Hong Kong’s market grew 9% in 2019 amid protests
P&C and life premiums were US$74.6bn, as economic instability hit second half sales.
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- March 13 2020
Hyundai Insurance China’s US$158m sale approved
Didi Chuxing and Legend Holdings are behind the moves for the P&C (re)insurer.
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- March 12 2020
Swiss Re India appoints Hadi Riachi as CEO
Riachi will succeed G. Satish Raju on April 1.
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- March 11 2020
How digital is shaping Asia’s P&C claims
Tech such as AI is transforming personal lines which could translate to commercial.
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- March 10 2020
Zurich Malaysia’s takaful arm switches P&C CEO
Nazrul Hisham Abdul Hamid has taken over from Zuhairi Ismail.
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- March 9 2020
Australia’s summer losses climb to US$3.3bn, says APRA
The number of extreme weather events for the market is likely to increase in future.
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- March 6 2020
FWD promotes Abhishek Bhatia to group digital partnership role
As a result Khor Kee Eng has become chief executive of FWD Singapore.
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- March 6 2020
Tokio Marine HCC boosts renewables with GCube purchase
HCC will boost its underwriting capacity and international portfolio, including in Asia.
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- March 6 2020
Hong Kong’s AMTD to IPO broking and digital arm: report
The IPO could be in New York or Singapore.
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- March 5 2020
Mitsui Sumitomo and Max Life share swap back on
The transaction involving the parent company of the Indian player was called off last November.
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- March 5 2020
India’s Softbank-backed Paytm secures broking license
The intermediary arm will distribute motor, health and life policies.
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- March 4 2020
Covid-19 rattles supply chains and reveals BI shortfall
'Just in time' supply and lack of diversification bring greater risks which aren't necessarily well covered.
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- March 4 2020
Mitsui Sumitomo sponsors US$75m Singapore cat bond
MS&AD subsidiary is looking to protect typhoon and wind risk under the name Akibare Re.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
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- March 3 2020
Consumer group lobbies against PE bids for Prudential Life Korea
MBK Partners, Hahn & Company and IMM Private Equity are in the running to acquire Prudential.
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- March 2 2020
1,500 workers engaged in improper sales at Japan Post
The company is undergoing an internal review and investigation at a cost of US$32m.
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- February 28 2020
Munich Re confirms US$1bn buyback timetable
The plan involves 3.9 million shares and 2.7% of the share capital.
