Category: News Page 8 / 130
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- March 12 2018
Dai-ichi Life to enter Cambodian market
The Tokyo-based insurer will establish a wholly owned subsidiary as early as this month.
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- March 9 2018
Prudential’s Malaysian unit eyes stake sale
The sale of a 30% stake to Kumpulan Wang Persaraan could generate proceeds of about US$435m.
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- March 9 2018
Asian insurance M&A collapsed in 2017
The number of deals fell 42% thanks to foreign currency restrictions and regulatory uncertainty in China.
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- March 9 2018
China revamps insurance rules for more transparency
The move is also aimed at eliminating fake capital injections and illegal shareholding entrustment.
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- March 9 2018
Aviva Asia posts 55% new business growth
The value of new business in China doubled, driven by expansion in agency and broker channels.
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- March 8 2018
SoftBank to buy up to 33% of Swiss Re
The deal could be valued at about US$10 billion, but details are still unclear.
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- March 8 2018
China’s premium income up 18% in 2017
The growth comes despite regulators' strengthened efforts to reduce risk-taking in the sector.
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- March 7 2018
Korean insurers turn to hybrid securities to boost capital
The issuance comes ahead of the introduction of the new global accounting and stricter local capital standards.
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- March 7 2018
Zurich backs cybersecurity consortium
The group aims to produce a set of standards fintech companies can sign up to and follow.
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- March 7 2018
Hong Kong lawmakers to tackle policyholder protection bill
Legislators aim to establish two compensation funds to protect against insurance firm bankruptcies.
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- March 6 2018
Chubb names new Singapore head
Scott Simpson will move from Sydney to take up the new role after Adam Clifford transferred to Europe.
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- March 6 2018
Korean insurers ask to postpone new capital standards
The K-Insurance Capital Standards are posing a heavy burden on the country's insurance industry.
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- March 6 2018
Axa to acquire XL Group for US$15bn
The French insurer is seizing an opportunity to shift from its predominantly life and savings business.
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- March 5 2018
AIG names chief auditor and global COO for general insurance
Naohiro Mouri moves from Asia-Pacific audit role after promotion of Donna DeMaio to chief operating officer.
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- March 5 2018
Indonesian regulator highlights low penetration
The domestic insurance market is valued at just 2.99% of the country's gross domestic product, says OJK.
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- March 5 2018
Commercial insurance prices on the rise
An increase in the fourth quarter of 2017 was the first quarterly rise in four-and-a-half years.
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- March 5 2018
Nippon Life eyes majority stake in MassMutual for US$980m
The 85% stake will add a bigger branch network to the Japanese insurer's traditional female agency force.
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- March 2 2018
Three Indonesian unicorns to invest in insurtech startup
The three billion-dollar startups are looking to invest in PasarPolis, an online insurance portal.
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- March 2 2018
Chinese banking, insurance regulators may merge
The country is weighing plans to combine financial watchdogs to bring enhance oversight of the sector.
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- March 2 2018
India’s Videocon to divest insurance unit
The company is selling its stake in Liberty Videocon General Insurance to Diamond Dealtrade and Enam Securities.
