Country: Asia Pacific Page 274 / 491
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- December 16 2020
Tencent’s reinsurer plans to face regulatory headwinds
The firm’s insurance platform WeSure was hit with a CBIRC fine in August over misleading marketing.
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- December 16 2020
Partners Life buys NAB’s New Zealand life business for US$206m
Another Australian lender exits the life market.
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- December 15 2020
Philippines PNBGen to merge with Alliedbankers Insurance
Billionaire Lucio Tan is on both sides of the transaction.
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- December 15 2020
China P&C premiums up 7% as normalcy returns
Health has been the biggest contributor to non-life premium growth — up almost 36% this year.
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- December 15 2020
FWD Japan appoints Hideki Yamagishi as new CEO
The move comes amid a tough year for the business, which has been impacted by the pandemic.
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- December 15 2020
Prudential Financial VC fund eyes APAC insurtechs
PruVen Capital will hold US$300m in capital in its first fund.
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- December 15 2020
Manulife snaps up Aviva’s Vietnam life arm
South-East Asia is the Canadian firm's fastest growing market.
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- December 15 2020
Macau casino group receives US$13m Covid-19 BI claim
Sources told InsuranceAsia News 18 (re)insurers paid out for a pandemic-related business interruption claim.
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- December 14 2020
One Apus container loss to top US$200m
The Japanese-owned vessel lost over 1,800 boxes in the North Pacific in late November.
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- December 14 2020
HK CIB eyes GBA opportunities
The professional organisation represents more than 200 insurance brokers in Hong Kong.
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- December 14 2020
Aon re-enters India with 49% Anviti stake
The broker returns to the country after 2017 exit following split with Global Insurance Brokers.
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- December 14 2020
Australia BI claims unlikely to have Asia domino effect
Many (re)insurers withdrew coverage due to large claims after the SARS outbreak.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 11 2020
Sedgwick selects new leadership team in Indonesia
Andri Dirgantara and David Ashe promoted at the loss adjuster.
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- December 11 2020
HK CIB reappoints Patrick Chan as chair
Broking association's deputy chairman Alex Yip also re-elected to his position.
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- December 11 2020
GIC Re eyes underwriting profits amid investing woes
State-owned reinsurer's combined operating ratio overseas in H1 was 122% compared to 113% at home.
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- December 10 2020
Axis Bank seeks CCI approval for stake hike in Max Life
Move comes after insurer's parent share swap deal with Mitsui Sumitomo given green light.
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- December 10 2020
MAS issues environmental risk framework for insurers
Guidelines issued as Singapore seeks to be a global center for green finance.
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- December 10 2020
Philippines to relaunch state reinsurance scheme in 2021
The state-run programme has failed to gain traction since its initial launch in 2019.
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- December 10 2020
Asean M&A 2020 review
Aviva, FWD, Gallagher, Singlife and Tokio Marine closed noteworthy regional deals.
