Country: Asia Pacific Page 457 / 499
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- April 7 2016
Zhong An posts US$30m net profit in 2015
China's first and only internet insurance licence holder saw premiums grow 200% to US$339m last year.
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- April 7 2016
Anbang buys Allianz’s Korea life unit for US$216 million
The deal comes barely a week after Anbang abandoned a US$14 billion bid for Starwood Hotels & Resorts.
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- April 6 2016
Anbang raises shareholdings in Chinese banks
It is now a top-10 shareholder in ICBC, Bank of China, AgBank and CCB after buying stakes at the end of last year.
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- April 6 2016
AXA Philippines completes acquisition of Charter Ping An
The acquisition allows it to offer the full spectrum of financial protection to customers in the country.
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- April 6 2016
Japanese government to cover Asian state projects
It will fully cover projects sponsored by regional governments against unrecoverable costs caused by wars or natural disasters.
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- April 6 2016
Pacific Life Re to open branch in Korea
The Financial Services Commission has approved the US-based reinsurer's application to do business in the country.
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- April 5 2016
Chinese investors’ interest in Australian insurers grows
M&A activity involving Chinese firms and Australian insurers is expected to rise this year, according to global law firm Clyde & Co.
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- April 5 2016
Australia’s Honan enters Malaysia
The Australian owned and operated broking company has entered a strategic relationship with local broker Hayat.
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- April 5 2016
ICICI sells Lombard stake to JV partner Fairfax
The Indian bank sold the 9% stake in its insurance subsidiary for US$234m or five times book value.
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- April 4 2016
Lloyd’s to apply for Indian reinsurance branch
Application for onshore branch follows IRDAI’s recent publication of the regulations governing the Lloyd’s market.
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- April 4 2016
India approves 49% insurance FDI under automatic route
Reserve Bank of India decision intended to attract more overseas investment from the insurance sector.
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- April 4 2016
Philippine premium income up 18.71% in 2015
Total premium income reached US$4.86 billion last year.
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- April 4 2016
Malaysia’s insurance, takaful sectors expect only moderate growth
Uncertainties in the financial markets and a challenging landscape seen as factors
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- April 1 2016
Chinese insurers to reduce exposure to equities
Fragile markets have prompted Chinese insurers to express caution in capital market investments this year.
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- April 1 2016
Singapore cyber demand to increase 50% this year
More businesses in Singapore are looking to protect themselves from cyber breaches, says AIG.
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- April 1 2016
Health expenditure in the Philippines tops US$11bn
More than 50% of the total comes from personal expenditure by Filipino consumers not covered by insurance policies.
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- March 31 2016
China Pacific eyes controlling stake in Anxin Agricultural
CIRC approves 51% stake in the Shanghai-based provider of traditional agricultural and cultivation products.
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- March 31 2016
Thailand mulls mortgage insurance to cut credit risks
The finance ministry has asked the ADB to help study its plan to reduce credit risk and allow lenders to expand credit.
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- March 31 2016
China considers mandatory liability cover for public hospitals
All hospitals will be required to secure cover for their doctors by 2020 to ensure funds are available to settle patient disputes.
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- March 31 2016
Japan Post teams up with Dai-ichi Life for overseas venture
The two companies will partner on a wide range of operations and jointly invest in growth areas.
