Country: Asia Pacific Page 309 / 511
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- August 25 2020
Digital sales buoy China’s P&C market
As the regulator makes more reforms, GWP rose more than 7% in the first half despite lockdown.
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- August 25 2020
Korean co-insurance to boost capital strength: Fitch
The FSC has developed new regulations to help manage liabilities.
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- August 25 2020
CBIRC commits to opening up to foreign players
Market reform and supervision are on the agenda in China with Allianz and Chubb taking advantage.
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- August 25 2020
PSC brushes off Covid-19 with strong FY result
Acquisitions and a hardening market have boosted the expansive Melbourne broker.
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- August 24 2020
SIRC to host “virtual event” as conference postponed until 2021
Marc Haushofer, chairman of the Singapore Reinsurers’ Association, said the decision came after much thought.
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- August 24 2020
Navigating marine risks after Mauritius’ oil spill
The market has faced sustained challenges for years with rising losses and busier seas.
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- August 24 2020
India’s Bharti Axa GI acquired by ICICI Lombard
The new entity will become India's third-largest P&C player.
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- August 21 2020
Suncorp focuses on transformation as FY cash profit drops 33%
Group CEO Steve Johnston recognises the need to speed up change.
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- August 21 2020
Axa XL “remains committed” to Australian financial lines
The pullback from D&O will only apply to the London market.
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- August 21 2020
Swiss Re invests in Chinese insurtech’s US$230m fundraise
Ambitious healthcare platform Waterdrop is valued at US$2bn.
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- August 21 2020
Axa eyes South Korea P&C sell off: report
Any potential sale could raise between US$135m and US$203m.
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- August 20 2020
AIA’s CEO optimistic despite H1 37% new business drop
Lee Yuan Siong sees strong growth in markets where Covid-19 restrictions are being relaxed.
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- August 20 2020
HK’s regulator launches consultation on capital requirements
The new rules will likely be implemented in early 2021.
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- August 20 2020
China’s P&C sector poised for 4% annual growth
There are hopes to revamp the domestic market, while foreign players refocus on the country.
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- August 20 2020
QBE prices US$363m of subordinated notes
The notes will be eligible for Tier 2 capital and mature in 2036.
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- August 19 2020
Asia M&A “on the up” in H1 2020
Some of the recent completed deals were being negotiated for several years.
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- August 19 2020
Prudential’s timely focus on Asia
It's going to be an exciting and challenging 12 months for chief executive Mike Wells.
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- August 19 2020
Steadfast confirms majority purchase of GSA Insurance Brokers
Chief executive Robert Kelly is bullish on Australia's broking prospects.
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- August 19 2020
China Life denies merger rumour after share moves
Unusual price movement led to an announcement under the rules of the Shanghai Stock Exchange.
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- August 18 2020
Axa’s streamlined Asia strategy could see disposals
Sales in Singapore, India and Malaysia would raise cash and simplify its footprint amid Covid losses.
