Country: Asia Pacific Page 387 / 499
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- May 23 2018
Warburg Pincus to buy 26% stake in IndiaFirst Life
The private equity firm is lining up to buy Legal and General's stake for approximately US$150m.
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- May 22 2018
JLT wins full China brokerage licence
The new licence offers the same scope as that permitted for a domestic insurance brokerage company.
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- May 22 2018
India’s top insurers told to boost risk buffers before merger
Irdai has asked the government to offer additional funds or allow the insurers to raise supplementary capital.
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- May 22 2018
China well-poised for further liberalisation
A top official noted that the country has built up strength in the banking and insurance spaces.
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- May 21 2018
Myanmar eyes insurance sector liberalisation
An investment official has hinted that it is likely to further open the industry to foreign investment.
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- May 18 2018
Does Mahathir herald change?
Malaysia’s foreign-controlled insurers are watching the new government for signs of change.
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- May 18 2018
Foreign firms in China rush
Overseas insurers are leaping at the opportunity to extend their presence after Xi Jinping cracks open the door.
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- May 18 2018
Malaysian insurtech startup Jirnexu raises US$11m funding
The KL-based online financial services provider has secured additional investment from SIG Asia Investment.
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- May 17 2018
Allianz Global Corporate & Specialty targets Korea growth
The new branch earned €40 million in total premiums in 2017, roughly 10% of its overall Asia business.
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- May 17 2018
China performance boosts Ageas results
The "very strong" performance was boosted by what it considers to be exceptional results in China.
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- May 16 2018
Fubon Life’s plan to raise stake in Korea unit still holds
It is determined to carry on with its proposal to raise its share in Hyundai Life Insurance to 62%.
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- May 16 2018
FWD applies for Shanghai JV
The Hong Kong-based insurer is reportedly looking at establishing a joint venture in Shanghai with unknown partners.
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- May 15 2018
Pru asks KWAP to improve its offer for stake in Malaysia unit
The retirement fund's bidding price for the 30% stake was short of the UK-based insurer's expectations.
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- May 15 2018
Sompo Japan Nipponkoa ups stake in Indian unit
It will acquire a further 6% in Universal Sompo General Insurance from Karnataka Bank.
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- May 15 2018
Mirae Asset Life launches merged entity in Vietnam
Prevoir Vietnam Life Insurance is a 50:50 joint venture with French insurer Groupe Prevoir.
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- May 14 2018
Singapore life insurers post 14% rise in Q1 sales
Linked policies recorded the highest growth, up 82% from the same period last year.
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- May 14 2018
China issues new rules on disclosures for insurers
New rules have been released to clarify ambiguous rules on disclosures for insurance companies.
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- May 11 2018
Two Anbang-held Korean insurers maybe up for sale
The two companies, Tongyang Life and ABL Life, could be sold in a package deal or separately.
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- May 11 2018
AIA co-leads US$500m investment in WeDoctor
The Hong Kong-listed insurer co-led the funding round in a Tencent-backed Chinese online healthcare solutions platform.
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- May 11 2018
China jails ex-Anbang Insurance boss for 18 years
A Chinese court has sentenced Wu Xiaohui after a trial that accused him of stealing more than US$10bn.
