Country: Asia Pacific Page 479 / 489
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- July 2 2015
State Bank of India to sell stakes in insurance subsidiaries
SBI to sell a 10% and 23% stake in life insurance and general insurance subsidiaries to foreign partners.
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- July 2 2015
Malaysia’s Islamic insurance premiums to grow 18.2% annually
Takaful projected to reach a market share of 18% of total insurance premiums by 2019, from 10% in 2013.
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- July 1 2015
China Re set to launch first Chinese earthquake catastrophe bond
Bond is expected to be launched today and will provide cover to debut sponsor China Re on an indemnity basis, according to sources.
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- July 1 2015
Australia’s Suncorp life head quits
Geoff Summerhayes plans to step down this September to pursue other business opportunities.
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- July 1 2015
US regulators okay Fosun’s US$433m insurance acquisition
Chinese conglomerate receives approval from regulators in Michigan and Washington.
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- June 30 2015
Malaysia’s Takaful Ikhlas plans overseas venture by 2020
The KL-based Islamic financial protection provider is planning to venture abroad by 2020.
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- June 30 2015
Philippine deposit insurer to auction 126 bank assets
The PDIC is soliciting sealed bids for 126 properties owned by closed banks nationwide.
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- June 29 2015
Insurance Asia Group names new deputy chair
Virgin Australia Group's chairman, Elizabeth Bryan appointed as deputy chairman.
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- June 29 2015
Standard Life shuts Singapore business
Firm remains committed to its Asian business with focus on Chinese and Indian partners.
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- June 29 2015
Japan raises quake insurance premiums
Commencing Jan 2017, premiums to be raised by an average of 19%.
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- June 26 2015
Thailand’s actuaries association seeks role in drafting insurance laws
Group seeks to participate in drafting organic laws where it is directly affected.
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- June 26 2015
Malaysia’s BTPN bank seeks life insurance acquisition
BPTN customers currently covered by separate credit life insurance policies.
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- June 26 2015
China trims insurance rates and establishes investment fund
Reduction in certain insurance rates will save Rmb27bn (US$4.43bn) for employers.
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- June 25 2015
Singapore prepares to roll out compulsory health insurance scheme
Ministry of Health initiative gathers pace with household check exercise.
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- June 25 2015
Fubon Financial acquires Hyundai Life Insurance stake for US$199m
Taiwanese financial services firm to acquire stake via its insurance unit, Fubon Life Insurance.
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- June 25 2015
China’s largest P&C insurer gets Moody’s upgrade
IFSR of PICC P&C upgraded to Aa3 from A1, with stable outlook.
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- June 25 2015
ACE Group names new Vietnam country president
Dang Hoang Tung joins multiline property and casualty giant from AIG Vietnam.
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- June 24 2015
Swiss Re becomes first Swiss firm to obtain China’s RQFII licence
RQFII programme allows the reinsurer to gain access to the Chinese financial market.
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- June 24 2015
Insurance bought through financial advisers said to be cheaper
Report based on the analysis of more than 20 life insurance offers in Australia.
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- June 24 2015
Allianz launches new products targeting PWDs in Malaysia
Plans to cooperate with NGOs supporting PWDs in distributing the products.
