Country: Asia Pacific Page 444 / 490
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- May 17 2016
China looks to UK for advice on financial super regulator
Chinese regulators head to London to discuss plans to merge its banking, securities and insurance regulators into one entity.
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- May 16 2016
Taiwan Life adds US$41m to CTBC’s Q1 earnings
The contribution reversed CTBC's net loss in the final quarter of 2015, though profits were still down significantly.
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- May 16 2016
Five bidders competing for Dah Sing Life
At least five companies have now expressed interest in buying the insurance unit of Hong Kong's Dah Sing Financial Holdings.
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- May 16 2016
Malaysian consumers ask for more protection on claims
Lack of effective guidelines covering accident insurance claims has resulted in many policyholders being defrauded.
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- May 13 2016
Perfect storm for Chinese life companies
The weak domestic economy, new solvency rules and increased scrutiny from the regulator are squeezing profits.
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- May 13 2016
Berkley sets up insurance unit in Asia
Berkley Insurance Asia will offer specialty commercial coverage to clients in North and South-East Asia.
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- May 13 2016
Tokio Marine raises stake in Vietnamese JV
The Japanese insurer is raising its stake in Bao Viet Tokio Marine Insurance to 51% from 49%.
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- May 12 2016
Philippine government sells National Life
The insurance regulator has approved the sale to a consortium of Filipino businessmen for US$23 million.
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- May 12 2016
Cross-border reinsurers win approval in India
Indian insurers are now allowed to make placements with a large number of reinsurers.
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- May 12 2016
Singapore life industry’s premiums up 5% in Q1
The steady growth of direct purchase insurance products has attracted S$730,000 in premiums since launch in April 2015.
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- May 12 2016
Allianz buoyed by demand for sharia policies in Indonesia
Allianz Life Syariah posted a 7.2% gross premium income increase in 2015, rising to US$56 million.
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- May 11 2016
CIRC reportedly checking on Anbang’s investments
The regulator is reportedly sending inspectors to scrutinise investments in real estate and unlisted equities.
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- May 11 2016
EastWest buys StanChart’s Philippine insurance unit
Assurance Solutions Insurance Agency was set up in 2012 to provide marketing and sales services for Standard Chartered.
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- May 11 2016
Allianz to sell part of Taiwan life insurance portfolio
The sale of the €1.2 billion portfolio is driven by the constraints on European insurers as a result of Solvency II.
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- May 10 2016
Indian insurers lining up for IPOs
ICICI Prudential Life and HDFC Standard Life are expecting to raise a total of more than US$1 billion this financial year.
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- May 10 2016
Tokio Marine Life names new Singapore CEO
Industry veteran James Tan Lai Hing is taking over from the outgoing CEO Lance Tay, effective June 1.
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- May 9 2016
Indian insurers soon to invest in bank hybrid bonds
A senior official at IRDA has hinted of a change to the country's investment rules.
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- May 6 2016
Anbang’s aggression pays off with triple-digit income rise
Investment income for the Chinese insurer's life business grew by 110.9% last year, according to its latest results.
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- May 6 2016
SBI Life’s IPO now planned for next financial year
Preparations will start by September and the formal announcement could be made by next March.
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- May 6 2016
AIA bullish on the Philippines
The CEO of its joint venture in the country cited low penetration and the expanding middle class as substantial opportunities.
