Country: Asia Pacific Page 439 / 490
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- July 6 2016
Hong Leong gets go ahead on sale of life unit
The group is exploring the sale of its life insurance business in Malaysia, in a move analysts describe as a surprise.
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- July 5 2016
Korean insurers’ assets to hit W1,000tn in H2
Growing demand for post-retirement products will boost assets under management sometime in the second half of 2016.
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- July 5 2016
RGA enters India
The Reinsurance Group of America has secured approval from the regulator to establish a branch in the country.
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- July 5 2016
Sun Life Financial buys CIMB Sun Life
The Malaysian group has reportedly agreed to divest its entire stake in the joint venture for US$41.8m in a deal signed in March.
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- July 4 2016
Manulife Indonesia to spin off sharia unit
To expand its market share, the Canadian insurer intends to spin off its sharia business unit.
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- July 1 2016
Allianz appoints chief digital officer for Asia Pacific
The German insurer has hired Robin Loh for the newly created role of chief digital officer for the Asia-Pacific region.
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- June 30 2016
Chinese insurers reminded on improving disclosure
The country's insurance regulator has urged insurers to step up their corporate disclosure on equity investments.
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- June 30 2016
New China Life reshuffles portfolio
The move is aimed at focusing the company's attention on protection-oriented solutions and improving the share of regular premiums.
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- June 30 2016
ICICI Prudential to go public in September
India's first public offering of a life insurer is scheduled to go public by September with an IPO that is set to raise US$885m.
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- June 29 2016
Fairfax buys 80% interest in Indonesia’s AMAG
The deal is expected to be closed by the end of the fourth quarter of 2016.
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- June 29 2016
Korea set to ease insurance regulations
To help insurers boost their financial standing, the government will lift limitations on investments.
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- June 28 2016
Allianz to sell Indian stakes to partner Bajaj Finserv
The German insurer is poised to sell its investments in two insurance units, Bajaj Allianz Life and Bajaj Allianz General Insurance.
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- June 28 2016
Taiwan regulator warns on Brexit
The FSC says that the country’s insurance industry is the most exposed financial sector to the UK after its EU referendum.
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- June 28 2016
Chinese insurers turn to alternatives for yield
Non-traditional investments are largely aimed at combating the adverse effects of low interest rates and volatile stock markets.
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- June 27 2016
CIMB to reap M$1bn revenue from banca deal
The Malaysian group expects to generate US$245m from its 15-year bancassurance deal with Sompo Japan Nipponkoa.
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- June 27 2016
Thanahart and MBK form joint venture
Thailand's sixth-biggest lender and a property developer have formed a life and non-life insurance broker JV.
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- June 24 2016
Korea’s insurance, pension assets hit new record in 2015
Savings have soared as more people increase their assets to prepare for retirement amid low interest rates.
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- June 24 2016
China gives mutual insurance its approval
Three mutual insurance associations have been given the go-ahead by the regulator for a one-year trial.
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- June 24 2016
Indian life premiums up by more than a quarter
New premium collections increased by 26.6% to US$1.57 billion during May, led by state-run companies.
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- June 24 2016
Dai-ichi Life ups stake in Indian insurance venture
The Japanese company has paid US$80m to Bank of India to extend its stake in Star Union Dai-ichi Life to 44%.
