Country: Asia Pacific Page 440 / 498
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- September 20 2016
Indian insurer’s ‘foreign’ executive told to step down
Universal Sompo General Insurance has acted to comply with FDI rules calling for local management control.
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- September 20 2016
Chinese online insurance growing rapidly
Total premium income for online insurance reached US$21.37 billion during the first half of 2016.
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- September 19 2016
Super typhoon Meranti provides wake-up call
Last week's storm is another reminder of the huge potential for insurance-linked securities in the region.
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- September 19 2016
XL Catlin set to acquire Brooklyn IT
Brooklyn is a market-leading underwriting agency in Australia and a Lloyd's approved coverholder, serving brokers across the country.
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- September 16 2016
Super-typhoon Meranti to cause medium-high losses in China
Estimated winds of 180mph has potential to cause great damage says Aon Benfield.
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- September 16 2016
Vice-chairman Zhou Yanli loses post at CIRC
State Council announces major reshuffle of senior officials.
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- September 15 2016
Chubb opens Guangdong branch
The new branch is licensed to provide commercial property and casualty and personal lines products and services.
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- September 15 2016
Chaoyang Life to be put up for tender
Six Taiwanese financial holdings and insurance entities are now reportedly interested in launching a takeover bid.
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- September 15 2016
China and Netherlands agree social insurance deal
Chinese and Dutch nationals working in each other's countries will soon be exempted from mandatory contributions.
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- September 14 2016
China’s super-regulator plan cast into doubt
The merger of three financial services watchdogs may be scrapped, with the CSRC remaining as a standalone body.
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- September 14 2016
Euler Hermes and China Pacific Property in JV
The joint venture between the two firms is a bid to tap the credit insurance market in China.
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- September 13 2016
Indian insurers unprepared for mandatory listing
The country's insurers are worried about a mandatory listing proposal introduced by the regulator.
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- September 13 2016
Korean savings fund to invest US$40M in cat bonds
The Public Officials Benefit Association will choose at least two asset management firms to commit the funds.
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- September 12 2016
Mainland insurers can buy HK shares via Shanghai link
Shanghai stock connect and the soon-to-be introduced Shenzhen link are now open to insurers.
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- September 12 2016
Mirae Asset Life makes final bid for PCA Life
The Korean insurer has submitted its last bid for the unlisted arm of Britain's Prudential.
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- September 12 2016
Taiwan to protect insurers from callable bond risks
The regulator is aiming to provide protection as bond issuers exercise options to pay off debt early.
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- September 8 2016
New rules a heavy blow for unlisted Chinese insurers
Stricter rules on the universal life insurance product market target short-term, high-return policies.
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- September 8 2016
Anbang focuses on integrating purchases
The Chinese insurer may well be putting its policy of aggressive overseas acquisitions on hold.
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- September 8 2016
AIA plans Korean subsidiary
The move is rumoured to be preparation for a potential exit from the sluggish Korean market.
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- September 8 2016
Malaysian life premiums grow strongly in first half
New business-weighted premiums were up by 20.8% during the first six months of 2016, according to LIAM.
