Country: Asia Pacific Page 407 / 499
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- October 12 2017
India’s non-life premiums up 13.6%
The gross premiums rose to US$2.68bn in September this year, according to data from Irdai.
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- October 11 2017
China insurers’ premium income up 20.45%
CIRC attributed the steady growth of premium income during August to improved regulations and risk protection.
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- October 11 2017
UN warns of more destructive disasters in Asia
The warning comes from the UN's Economic and Social Commission for Asia and the Pacific.
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- October 10 2017
Zurich names new chief underwriting officer in Singapore
Anish Jadav will work closely with the Asia-Pacific Regional commercial insurance team headed.
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- October 9 2017
MS&AD buys 15% stake in ReAssure
The group has agreed to pay Swiss Re £800m (US$1.05bn) for its investment in the UK-based closed-book life insurer.
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- October 6 2017
Nippon Life to buy MassMutual Japan for up to US$1.77bn
If the deal pushes through, it will be the first consolidation in the Japanese life insurance market since 2015.
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- October 6 2017
Two Malaysian pension funds eye stakes in insurers
The country's two biggest pension funds are considering buying into one of the locally incorporated foreign-owned insurers.
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- October 5 2017
Japanese life insurers seek to acquire global asset managers
Challenging returns at home prompt Japanese majors to seek opportunities and expertise abroad.
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- October 5 2017
Chubb appoints 5 global executives
Cunqiang Li has been named chief operating officer for Chubb Life, the firm’s international life insurance division.
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- October 5 2017
No IPO plans for Tata AIA Life
AIA’s chief executive officer and president Ng Keng Hooi revealed there was no need to raise fresh funds.
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- October 5 2017
India’s GIC sets IPO for 11 October
IPO set to be be the biggest listing in India in seven years.
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- October 4 2017
QBE says 2017 could be costliest in history
The Australian insurer expects its earnings to be dented by rising claims from this year's disasters.
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- October 4 2017
Assets of China’s foreign-funded insurers growing
Insurance companies funded by foreign capital registered total assets of over Rmb1tn, says CIRC.
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- October 4 2017
Tokio Marine to buy AIG medical insurance unit
The Japanese insurer will buy the business through US subsidiary HCC Insurance for over US$266m.
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- October 3 2017
Suncorp plans to sell life insurance unit
The move comes after chief executive Michael Cameron commenced a strategic review of the division in February.
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- October 3 2017
SBI Life debut on stock market
India's largest private life insurer is set to make its stock market debut, with experts saying it will open strongly.
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- October 3 2017
Myanmar to grant licences to foreign insurers
The announcement comes after the nation embarked on decentralisation efforts for its insurance market.
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- October 2 2017
Taiwan insurers advised to hedge forex risk
The Taiwan Futures Exchange has urged insurers to minimise the effects of a drop in the US dollar’s value.
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- October 2 2017
Etiqa completes acquisition of Indonesian insurer
Maybank's wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.
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- September 29 2017
DBS and Chubb ink 15-year regional distribution deal
The bancassurance agreement covers five markets: Singapore, Hong Kong, Taiwan, Indonesia and China.
