Country: Asia Pacific Page 378 / 499
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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.
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- August 31 2018
SoftBank and ZhongAn team up
The two companies have launched a technology joint venture that will see them both invest US$100m.
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- August 31 2018
Citi names new head of Hong Kong insurance business
Alson Ho will be responsible for the growth and management of Citi’s insurance business in the city.
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- August 31 2018
US, India insurance regulators ink cooperation deal
Officials in the two countries have agreed to work together on standards, training and regulation.
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- August 30 2018
Hong Kong eyes tax incentives for specific insurance products
The move is part of the city's efforts to become an international hub for risk management.
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- August 30 2018
FWD to buy HSBC stake in Malaysian insurer
The Hong Kong-based insurer will buy a 49% stake in HSBC Amanah Takaful in Malaysia.
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- August 29 2018
State Bank of India to offload stake in SBI General Insurance
Bank wants to reduce ownership before an expected IPO.
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- August 28 2018
Korea’s non-life firms post 17% decline in net profit
The country's auto insurance sector has been forecast to continue to suffer a growing loss in the second half.
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- August 28 2018
Ping An looks to increase presence in overseas markets
The Chinese insurer plans to bring its financial and healthcare technology solutions to Asian markets.
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- August 27 2018
AIA posts 17% hike in new business
A rise in new business was a result of selling more high-margin insurance products, especially in China and Hong Kong.
