China Life denies merger rumour after share moves
August 19 2020 by Andrew Tjaardstra
MORE FROM: Life
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Chinese insurtech Yuanbao eyes US listing
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The Beijing-based online broker is seeking approval from China's securities watchdog to issue up to 64.5 million shares on a US stock exchange.
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Both companies aim to unlock new possibilities through the renewal of MoU on shariah-compliant life insurance solutions.
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Hong Kong 2024 Q1 P&C underwriting profit doubles to US$132m
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The improvement came despite the sector’s total gross claims rising 12.1% as insurers in the city benefited from the release of prior-year reserves, the Hong Kong Insurance Authority said.
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The Singaporean insurer had provided liquidity to almost 16,000 shareholders for holdings worth US$619m through a private exchange listing last month.
Partner Content
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
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