Country: Asia Pacific Page 458 / 499
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- March 30 2016
Anbang sweetens Starwood bid to US$15bn
Anbang has raised its offer in its latest challenge to Marriott International's bid to acquire the US hotel operator.
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- March 30 2016
China to beef up Inner Mongolia’s insurance industry
CIRC has sealed a memorandum of cooperation to help the region improve its insurance industry.
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- March 30 2016
Three China insurers post double-digit growth in 2015
Net profits at China Pacific, PICC and PICC P&C soared in part due to a surge in demand for asset management products.
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- March 30 2016
Indonesian life insurers bullish on 2016 premium growth
Despite a weak local economy, life premiums are forecast to grow by about 15% — more than double last year's rate.
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- March 29 2016
Japan amends tax treatment of premiums for D&O
D&O liability insurance will no longer be treated as income under a new tax treatment policy.
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- March 29 2016
Korea’s NHIS adding more investment products
The addition of more dividend-paying products to its investment portfolio is intended to boost returns.
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- March 29 2016
Sun Life acquires full control of Indonesian JV
The US$42m deal, which is expected to close by September, gives it full control of CIMB Sun Life.
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- March 29 2016
China Life misses 2015 profit forecast
The business took a hit in the final three months of 2015 as profit slumped 81.5% in the period from a year earlier.
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- March 24 2016
Cathay Life posts profit of US$154 million in Q1
The Taiwanese insurer reversed unrealised losses of US$120m in the fourth quarter to post a profit for this quarter.
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- March 24 2016
Limit on life policies at Japan Post Insurance raised
The maximum value of life-insurance policies will rise to ¥20m from the current ¥13m after government gives approval.
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- March 24 2016
Fosun said to plan IPO for Ironshore
Fosun is reportedly planning a share offering for Bermuda-based Ironshore, which it bought in November 2015.
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- March 23 2016
Anbang loses Starwood bid to Marriott
The Chinese insurer misses out after US rival increases its offer for the hotel chain to US$13.2 billion.
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- March 23 2016
Foreign majors receive India investment approval
Nippon Life, Sun Life, Aviva Life and AIA are among the large insurers to have won approval for Indian expansion.
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- March 22 2016
China suspends short-term insurance products
CIRC says insurance companies should not sell quasi-wealth management products purely for investment purposes.
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- March 22 2016
AIA to further invest in Asia-Pacific infrastructure projects
Chief executive Mark Tucker says the company is interested in boosting social and economic development in the region.
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- March 22 2016
Cambodia sets new regulations for life insurance sector
Growth in the sector has pushed the regulator to adopt laws and procedures to comply with rules in the region.
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- March 22 2016
China’s Huize Insurance completes US$31m series B fund
One of the top online insurance agency platforms in China has received financing from unidentified Chinese investors.
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- March 21 2016
Indian banks told to comply with crop insurance scheme
The Reserve Bank of India has reminded banks to ensure strict compliance with the provisions of the scheme.
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- March 21 2016
World Bank support for Vietnam’s healthcare goal
The programme to assure local access to medical services has received the full support of the bank.
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- March 21 2016
Manulife Indonesia launches sharia-compliant life product
The product is being launched in partnership with Islamic lender Bank Muamalat to widen its customer base.
