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- December 17 2020
HKIA flags reinsurance moves in annual report
Tax concessions and ILS highlighted as key wins by the regulator in pandemic-hit year.
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- December 16 2020
Tencent’s reinsurer plans to face regulatory headwinds
The firm’s insurance platform WeSure was hit with a CBIRC fine in August over misleading marketing.
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- December 16 2020
Partners Life buys NAB’s New Zealand life business for US$206m
Another Australian lender exits the life market.
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- December 15 2020
FWD Japan appoints Hideki Yamagishi as new CEO
The move comes amid a tough year for the business, which has been impacted by the pandemic.
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- December 15 2020
Prudential Financial VC fund eyes APAC insurtechs
PruVen Capital will hold US$300m in capital in its first fund.
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- December 15 2020
Manulife snaps up Aviva’s Vietnam life arm
South-East Asia is the Canadian firm's fastest growing market.
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- December 14 2020
One Apus container loss to top US$200m
The Japanese-owned vessel lost over 1,800 boxes in the North Pacific in late November.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 10 2020
Philippines to relaunch state reinsurance scheme in 2021
The state-run programme has failed to gain traction since its initial launch in 2019.
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- December 9 2020
MS&AD completes acquisition of CBA’s BoComm Life
Japanese insurer finalises long awaited China deal.
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- December 9 2020
CBIRC head flags digital P&C growth
Insurtech set for more oversight as premiums increase by 44% in H1 2020.
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- December 9 2020
Munich Re to stop pandemic event cancellation cover
German giant unveils 2025 vision after being hit hard by Covid P&C losses including the Tokyo Olympics.
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- December 8 2020
Zurich’s HK chief warns of ‘serious interruptions’ over US-China tensions
Washington’s blacklist of Chinese firms is making insurance arrangements and underwriting tougher.
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- December 8 2020
Marsh’s New Zealand and Pacific specialty leads to swap roles
Josh Roach and Marcus Pearson will make the moves.
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- December 7 2020
Australia should increase flood mitigation: Geneva Association, IAG
Government’s current approach heavily predisposed to response and recovery.
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- December 7 2020
Insurtech partnerships to drive Asia’s digital acceleration
Q3 saw significant deals inked in China and Indonesia.
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- December 7 2020
Chris Wei to leave Aviva next year
Adam Winslow to rejoin the firm from AIG to oversee the insurer's Asia life operations.
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- December 3 2020
RBNZ accuses Pacific International of ‘further’ breaches
New Zealand regulator escalates its response to ongoing compliance failures.
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- December 2 2020
Hong Kong enters ‘new era’ as Belt & Road risk hub
Insurance Authority official touts SAR's ability to provide solutions for mainland companies.
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- December 2 2020
HK life market still attractive despite Tahoe’s likely sale
Tahoe Life is drawing interest from several Chinese players.
