Country: Asia Pacific Page 414 / 529
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- June 27 2018
Indian government defends LIC acquisition of IDBI
The state-owned insurer's move has been described as an acquisition, not a bailout.
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- June 27 2018
Generali raises stake in India JV
The Italian group is increasing its stake in Future Generali from 22.5% to 49% in a deal that could cost US$140m.
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- June 26 2018
Korean insurers record declining capital adequacy ratios
Industry officials have attributed the drop to a fall in the value of companies' assets.
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- June 26 2018
Insurers in Singapore likely to raise premiums after losses
Six insurers have suffered losses since the launch of Integrated Plans in November 2015.
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- June 25 2018
MBK puts ING Life Korea stake on sale again
After several failed attempts, the Korean private equity fund continue to look for a buyer for its 59.15% stake.
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- June 25 2018
Vietnam’s biggest bank seeks insurance partner
Vietcombank is looking for a new insurance distribution partner in a deal that could be worth as much as US$1bn.
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- June 22 2018
IAG in Asia retreat
Earnings volatility has driven the Aussie insurer to exit its businesses in Thailand, Indonesia and Vietnam.
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- June 22 2018
Korean insurers most highly exposed to rate hikes
The central bank has warned of a corresponding drop in the solvency ratio of many insurers.
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- June 22 2018
Manulife signs distribution deal in Cambodia
The agreement with Sathapana Bank was signed at a ceremony attended by the finance ministry and central bank.
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- June 22 2018
AIA names three new executives for Malaysian unit
Andrew Loh (CMO), Heng Zee Wang (CFO) and Eric Chang (CEO) take up the new senior roles.
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- June 21 2018
India’s general insurers post 12% growth
Gross direct premium underwritten rose in the first two months of the current financial year US$3.56bn.
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- June 21 2018
Aon launches updated Thai flood model
The data focuses on the industrial estates heavily impacted by the 2011 floods.
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- June 20 2018
Taiwan to raise overseas investment quota
The country's financial regulator may increase the quota for local insurers that invest in innovative domestic industries.
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- June 20 2018
British insurers target Belt-and-Road role
London has historically embraced insuring new risks and sees the Chinese infrastructure plan as a golden opportunity.
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- June 18 2018
Japanese life insurers post best profits in decades
Despite facing low interest rates for more than 20 years, the major insurers remain profitable.
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- June 18 2018
Ex-CIRC head Xiang Junbo pleads guilty to bribery
The former chairman of China’s insurance regulatory body expressed remorse in his closing statement.
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- June 15 2018
Korea targets reinsurance liberalisation
The move is part of an effort to promote price competition in the non-life sector by the financial regulator.
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- June 15 2018
Philippine insurers ready to fund infrastructure projects
The government is relying on development financing, but the country's life insurers would like to get involved.
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- June 15 2018
India’s life firms post 9% premium growth
Life Insurance Corporation generated most of the growth, while many companies experienced declines.
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- June 14 2018
Malaysia to further review ownership rules for foreign insurers
The review may result in the country's central bank deferring the requirement to cut ownership to 70%.
