Category: News Page 26 / 130
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- September 21 2017
AIA denies Korea exit rumours
Group CEO Ng Keng Hooi says the company is in fact considering additional funding to comply with IFRS 17.
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- September 20 2017
Foreign insurers rush to meet Malaysia ownership cap
Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.
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- September 20 2017
China to heighten insurance scrutiny
Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.
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- September 19 2017
Mounting debt forces Hyundai Life to cut workforce
The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.
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- September 19 2017
Chinese life firms urged to diversify products
A senior official at CIRC wants insurers to innovate and offer more than just short-term life products.
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- September 19 2017
ZhongAn eyes HK expansion after IPO
The company is looking to sell life insurance and other healthcare products in the territory after it lists on HKEx.
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- September 18 2017
India’s life insurers record 23% growth in first-year premium
The state-run Life Insurance Corporation remained the leader among the country’s life insurers.
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- September 18 2017
AIA set to buy Commonwealth Bank’s life assets
The Asian insurance group has become favourite to buy the unit in a deal said to be worth more than US$4bn.
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- September 18 2017
ZhongAn seeks US$11bn valuation in HK IPO
China's first internet-only insurer is selling a 15% stake that will see it raise US$1.5bn if the deal materialises.
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- September 15 2017
Manulife names new Asia CEO
Anil Wadhwani has been appointed president and chief executive officer of the division, taking over from Philip Witherington.
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- September 15 2017
At least 20 bidders eye Axa wealth unit in HK
China Taiping Insurance and Country Garden are reportedly among the companies that have expressed an interest.
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- September 15 2017
Ant Financial’s agri insurance JV gets green light
China’s insurance regulator has given the go-signal for a joint venture with China United Insurance to begin operations.
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- September 14 2017
Singapore bond issuers urged to take up insurance
Such policies would pay for the costs of calling for meetings and legal and financial advisory fees.
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- September 14 2017
Indian general insurance premiums up 32%
Private insurers ICICI Lombard General Insurance and Bajaj Allianz General Insurance led the growth.
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- September 14 2017
Cambodia sees life insurance rush
More than US$1bn worth of life premiums were issued in the first half of the year.
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- September 13 2017
Irma’s insured losses revised down
From estimates up to US$60bn, forecast insured losses have been revised down to US$20bn-US$40bn.
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- September 13 2017
Hurricane Harvey highlights insurance protection gap
A significant proportion of the unprecedented flood losses generated by the hurricane will be uninsured.
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- September 13 2017
Pat Regan expected to become QBE’s new CEO
He is expected to replace John Neal when the current CEO steps down at the end of the year.
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- September 12 2017
HDI Global SE appoints new Singapore head
Graham Silton will take over from Nicholas Cheng, who is retiring at the end of the year.
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- September 12 2017
Hurricane Irma could cost up to US$65bn
The extent of destruction and economic impact will not be fully known for some time.
