Country: Asia Pacific Page 308 / 491
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- March 26 2020
China Oceanwide’s US life deal still on
The US$2.7bn acquisition for Genworth Life has had years of regulatory hold ups.
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- March 25 2020
Singapore saw 7.6% GWP growth last year, but claims increased
The Lion City had a mixed 2019 with Covid-19 proving a tricky start to the new year.
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- March 25 2020
Australia’s regulators and associations eye Covid-19 relief
The government, APRA and ASIC have announced new measures to help businesses cope.
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- March 25 2020
Olympics cover under spotlight after postponement
The decision by Japan and the IOC is likely to have large implications for the event market.
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- March 24 2020
ZhongAn narrows losses to US$64m, sees premium boost
Insurtech bolstered by strong FY 2019 investment returns but failed to make an underwriting profit.
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- March 24 2020
India’s Acko secures more PE funding
Investment in the insurtech has surpassed US$100m despite an overall slowdown in deals.
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- March 24 2020
Lloyd’s Australia closes Sydney office amid Covid-19 outbreak
The move follows similar action in London as a result of the pandemic.
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- March 23 2020
CPIC’s profits climb 54% for 2019, warns on 2020 outlook
A strong rise in investment income bolstered earnings but Covid-19 will see growth stall.
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- March 23 2020
Hong Kong moves closer to ILS hub with government bill
New regulations move the SAR in line with other countries.
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- March 23 2020
Covid-19 compounds South Korea’s P&C challenges
The market has been under pressure for years with poor growth and underwriting results.
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- March 20 2020
Asia’s life players face major headwinds
Chinese and South Korean firms are particularly exposed to the economic uncertainty.
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- March 20 2020
Thai Life seeks US$700m IPO: report
The Covid-19 outbreak and gloomy market sentiment could hinder the plans.
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- March 20 2020
Australia’s summer loss bill surpasses US$2bn
Recent flooding has compounded bushfires and hailstorms with Covid-19 to add more claims.
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- March 19 2020
Prudential seals US$753m TMB bancassurance deal
FWD will leave its agreement on April 1 after a period of heavy expansion in Thailand.
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- March 19 2020
New Zealand’s SkyCity secures US$50m fire payout
Money expected to arrive over April with Chubb understood to be the lead insurer.
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- March 18 2020
Swiss Re hires Jolene Loh in South-East Asia L&H push
Loh joined from Pacific Life Re earlier this month.
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- March 18 2020
Leonardi says Generali “well positioned” for Covid-19 in Asia
The Italian firm is bracing for market volatility after a good performance last year.
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- March 18 2020
AMTD’s insurtech plans ramp up with PolicyPal deal in Singapore
Majority stake in the digital broker will help create a South-East Asia platform.
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- March 17 2020
Sedgwick’s James Ong on claims handling in Asia
The global loss adjuster is seeing a spike in regional demand.
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- March 17 2020
QBE confirms 200 job cuts in Australia Pacific arm
The Australian insurer is undergoing an operational streamlining under Pat Regan.
