Country: Asia Pacific Page 478 / 498
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- September 23 2015
Tokio Marine wins approval to buy HCC for US$7.5bn
The deal was initiated in June but had to wait for approval from shareholders.
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- September 23 2015
Markel appoints new head in China
Hu Qianhai has been appointed to lead the team providing solutions to Chinese insurers.
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- September 22 2015
Fire premiums on the rise in Japan
The increase is being driven a number of large-scale natural disasters in recent years.
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- September 22 2015
Chinese insurers now allowed to set up PE funds
Insurers can set up growth, buyout, mezzanine, real estate and venture capital funds.
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- September 22 2015
Hong Kong to launch Insurance Authority by year-end
The proposed Insurance Authority will replace the Office of the Commissioner of Insurance.
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- September 21 2015
Vietnam’s PM wants 85% health coverage by 2020
Nguyen Tan Dung says he wants those living in poverty to fully benefit from health insurance.
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- September 21 2015
China Re wins approval for US$2bn Hong Kong IPO
The company is offering up to 15% and expects to pitch the deal to investors in early October.
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- September 21 2015
Thailand launches SME loan insurance scheme
SMEs with outstanding debt payments will be able to insure loans for as much as US$2.8bn.
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- September 18 2015
Fed delays rate hike amid China concerns
Asian markets woke up on Friday to news that the US Federal Reserve would not be hiking interest rates.
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- September 18 2015
Taiwanese insurers ready for US Fed rate hike
Insurers have been making adjustments to fully prepare for the possible effects of the hike.
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- September 18 2015
Manulife to expand Philippines branch presence
The insurer will increase the number of branches to a total of 50, up from the current 37.
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- September 17 2015
Japan’s top insurers set to pay US$822m for typhoon damages
Payments for this fiscal year could mark the highest typhoon-related pay-out since 2011.
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- September 17 2015
Cargo losses from Tianjin blasts could reach US$6bn
Significant impact on the marine insurance sector should serve as wake-up call to all cargo insurers.
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- September 16 2015
Indonesian regulator revokes licence of MAA General
Its Indonesian operation licence has been revoked with effect from September 3 2015.
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- September 16 2015
Philippine insurance industry to rise up to 30% this year
Rising incomes among Filipinos will trigger the growth of the industry this year, says Sun Life.
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- September 16 2015
Alibaba’s Ant Financial takes control of Cathay Insurance
The investment will allow a quicker entrance to mainland China's insurance market.
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- September 16 2015
JLT establishes presence in Myanmar
A growing list of international insurers are establishing offices as the country opens up.
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- September 15 2015
New India Assurance renews Air India cover for US$9.5bn
The bid to insure Air India’s 126-aircraft fleet will earn a premium of US$22.5 million.
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- September 15 2015
Nippon Life agrees to merge with Mitsui Life
The Japanese insurer will again become the country’s biggest insurer, ahead of Dai-ichi Life.
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- September 14 2015
Samsung mulls expanding in Vietnam’s insurance sector
Samsung has expressed intention to expand its footprint in the country's life insurance sector.
