Country: Asean Page 126 / 155
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- October 13 2017
Philippine insurers told to beef up reserves
There remains a US$155m gap in reserves, or more than 60% of industry premiums and claims.
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- October 10 2017
Zurich names new chief underwriting officer in Singapore
Anish Jadav will work closely with the Asia-Pacific Regional commercial insurance team headed.
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- October 9 2017
MS&AD buys 15% stake in ReAssure
The group has agreed to pay Swiss Re £800m (US$1.05bn) for its investment in the UK-based closed-book life insurer.
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- October 6 2017
Two Malaysian pension funds eye stakes in insurers
The country's two biggest pension funds are considering buying into one of the locally incorporated foreign-owned insurers.
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- October 3 2017
Myanmar to grant licences to foreign insurers
The announcement comes after the nation embarked on decentralisation efforts for its insurance market.
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- October 2 2017
Etiqa completes acquisition of Indonesian insurer
Maybank's wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.
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- September 29 2017
DBS and Chubb ink 15-year regional distribution deal
The bancassurance agreement covers five markets: Singapore, Hong Kong, Taiwan, Indonesia and China.
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- September 29 2017
Vietnam market remains upbeat
Sustained product awareness and continued economic expansion have helped premiums to grow 21%.
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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
Malaysia’s central bank approves Axa Affin share sale
Affin Holdings has been given the green light to acquire a 7.07% equity interest in AXA Affin General Insurance.
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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
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 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 11 2017
Vietnam premiums up 22%
Collections grew 22% during the first eight months of this year to about Vnd65.56tr (US$2.89bn).
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- September 8 2017
Higher profits for Malaysia’s insurance, takaful firms
Traditional and Islamic insurers in the country are beginning to see a silver lining after a period of dreary results.
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- September 6 2017
XL Catlin strengthens Asia casualty capability
Elishe Quek and Alice Chong join as casualty underwriters from AIG to take up positions in Singapore and Hong Kong.
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- September 5 2017
Chubb appoints two Asia-Pacific cyber executives
Andrew Taylor in Sydney and John DePeters in Singapore take up new regional cyber underwriting roles
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- September 5 2017
Largest Philippine HMO in trouble over capital
Caritas Health Shield to raise fresh capital after allegations it has US$136m deficiency in its actuarial reserves.
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- September 4 2017
Premiums up 21% in Cambodia
Total gross premiums surged to US$68m during the first half of the year, driven by the life sector.
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- September 1 2017
Aviva Asia launches Vietnam subsidiary
The insurer considers Vietnam a market with high growth potential and Asia as a region of strategic importance.
