Country: Asia Pacific Page 368 / 490
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- September 14 2018
Padalkar steps in as HDFC Standard Life CEO
Former CFO Vibha Padalkar will take up the new role for a term of three years.
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- September 13 2018
China’s premium income falls by 2.4% in seven months
Insurers in the country continue to feel the effects of tighter regulations on the sector.
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- September 13 2018
Blue starts operations as digital life insurer in HK
The city's first purely digital life insurer will capitalise on its direct selling ability to offer lower rates.
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- September 12 2018
Vietnamese insurers see 35% rise in total assets
Insurance assets surged sharply during the first eight months of this year, according to the finance ministry.
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- September 11 2018
Typhoon Jebi losses could reach US$4.5bn
The typhoon Jebi, which made landfall on September 4, was the strongest to hit Japan in 25 years.
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- September 10 2018
Monsoon rain damage in India tops US$4bn
The direct damage and business interruption costs of the heavy rains in Kerala are still being assessed.
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- September 7 2018
Dismantling of Anbang continues
JP Morgan has reportedly secured the mandate to handle the sale of its Dutch unit.
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- September 7 2018
Life support
Mainland Chinese buyers continue to play a significant role in Hong Kong’s life insurance market.
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- September 7 2018
Lockton appoints Asia employee benefits leader
Rachael Tay will lead a team of 40 staff across China, Hong Kong and Singapore.
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- September 7 2018
Anbang looks to sell Dutch insurer Vivat for over US$1.5bn
Two Dutch insurers, Aegon and ASR, have reportedly expressed interest in bidding for the unit.
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- September 6 2018
KKR, Temasek join bid for SBI General Insurance stake
The 4% stake sale is part of the pre-offer valuation exercise of the Indian insurer before its planned IPO.
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- September 6 2018
Singapore’s intellectual property office teams up with Lloyd’s
The plan is to introduce insurance products targeting companies that use IP in the course of their business.
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- September 5 2018
Dai-ichi Life confirms purchase of Suncorp’s life arm
Japan’s Dai-ichi Life to pay A$640 million (US$460 million) for the Australian life firm.
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- September 5 2018
Manipal to buy 16% stake in Cigna TTK Health Insurance
The Indian group is looking to buy a stake in in the joint venture from TTK Group for an undisclosed amount.
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- September 4 2018
Online P&C insurers growing rapidly in China
Online-only insurers took a 24% share of P&C premiums during the first half of the year.
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- September 4 2018
David Fried joins Preferred Global Health as CEO
The former QBE Asia-Pacific CEO will share his time between the headquarters in Boston and Hong Kong.
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- September 3 2018
Phelan to lead Aspen Singapore
Promotion follows departure of Yann Marmonier.
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- September 3 2018
Prudential Guarantee and Marsh drop complaints in the Philippines
The two parties have resolved their dispute, claiming that it stemmed from an “innocent misunderstanding”.
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- September 3 2018
Malaysia eyes 4% insurance penetration in two years
Sales are healthy among the rich, but the goal is to increase protection among rural and poorer populations.
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- August 31 2018
Hong Kong’s insurance handout
The government will offer tax incentives for the industry as it bids to establish the city as a regional hub.
