Category: News Page 126 / 130
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- May 5 2015
Peak Re makes good underwriting progress in 2014
After-tax profits came in at US$42 million.
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- May 4 2015
Prudential names Mike Wells as new CEO
29 year veteran succeeds Tidjane Thiam, from 1 June.
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- May 4 2015
Fosun strikes US$1.8bn deal with US insurer Ironshore
Fosun already owns 20% of the casualty and property insurer, which it bought in August 2014 for US$464m.
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- May 4 2015
After lacklustre 2014, UAE’s listed insurers set for strong recovery
The country's insurance market set to expand by 10% this year.
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- May 1 2015
Maybank Ageas seeks to acquire insurance firms in Indonesia, Philippines
Discussions have been taking place with a number of parties for possible acquisitions.
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- May 1 2015
Aegon, and Tsinghua Tongfan invest in Chinese life insurer
Potential of China’s life insurance market attracts investment.
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- May 1 2015
Thailand expands crop insurance program to help rice farmers
Budget for compensation of insured rice fields set at THB476m (US$14.5m).
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- April 30 2015
Vietnam life insurance industry’s growth hits 5-year high
Total premiums, VONB and number of contracts signed surge.
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- April 29 2015
Financial strength ratings of 9 Japanese insurers downgraded
Fitch Ratings stressed that an upgrade of any of the insurers was unlikely in the near future.
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- April 29 2015
Bangladesh to see first insurance JV if Mitsui Insurance gets license
Japan's largest insurance company, reportedly in talks with insurance regulators in Bangladesh.
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- April 29 2015
Global experts to discuss disaster insurance coverage
APEC meeting also looks at strategies to widen the penetration of micro-insurance products.
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- April 29 2015
Cyber risk a rising concern globally, but not in Asia
Asia ranks just 24th in the Aon Global Risk Management Survey.
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- April 28 2015
Korea’s Hanwha Life seeks to hire 650 more consultants in Indonesia
Additional outlets planned as more Korean Life Insurance Companies look to expand overseas.
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- April 28 2015
Asian insurers moving towards Solvency II standards
Report also states that global insurers are facing increased regulatory requirements.
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- April 28 2015
Nepal earthquake to expose developing nations’ low insurance penetration
Spending on property-casualty coverage less than US$4 per capita annually.
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- April 28 2015
China sets charges for deposit insurance scheme
Scheme unlikely to have a major impact on banks and premiums.
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- April 27 2015
Saudi Arabia’s insurance sector forecast to grow further
The Kingdom also posts the second biggest insurance premiums in the GCC.
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- April 27 2015
Philippine nonlife insurance industry’s net income rises in 2014
A decline in frequency and severity of natural calamities attributed.
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- April 27 2015
Berkshire Hathaway names Australasia insurance head
Chris Colahan joins BHSI from RSA Insurance Group.
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- April 27 2015
India’s largest reinsurer assessing earthquake losses in Nepal
GIC Re sends a team of 10 surveyors to Nepal.
