Country: Asia Pacific Page 480 / 489
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- June 23 2015
Bangladesh regulator suspends Standard Insurance
Suspension follows failure to reinsure BDT463.3m (US$5.98m) worth of its policies.
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- June 23 2015
Fosun to buy Israeli insurer Phoenix for US$471m
Phoenix Holdings owner, still has the option to cancel the deal if not closed after five months.
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- June 23 2015
India’s general sector posts 12.3% growth in premium collections
The majority of the premium growth came from the four state-run general insurers.
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- June 23 2015
Vietnam’s non-life industry faces shortage of qualified actuaries
Only one actuary in Vietnam said meets the national standards.
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- June 22 2015
Air India seeks insurers for US$9bn insurance cover
State-owned and private insurance companies are expected to join in the aggressive bidding.
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- June 22 2015
Changes sought for Japan Post Insurance Co, ahead of planned IPO
Lawmakers looking to raise the maximum amount of insurance coverage at JPI.
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- June 22 2015
Malaysia’s Islamic insurers investing more in technology
Takaful operators plan to double the number of Islamic insurance policyholders in five years.
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- June 19 2015
India plans higher solvency requirement for health insurance players
Plans to raise the solvency margin to up to 200% for group health.
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- June 19 2015
Taiwanese insurers hold US$288bn overseas assets
US denominated bonds form the majority of the overseas holdings.
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- June 19 2015
Chubb Insurance names new Australia CEO
Veteran, Matthew Doquile takes on new role from 1 July,
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- June 18 2015
Zurich Insurance to acquire 75% stake in MAA Takaful
Deal subject to approval by Bank Negara and the minister of finance.
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- June 18 2015
China’s business vehicle insurance programme to go nationwide by 2016
The programme seeks to encourage safe driving in the country.
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- June 18 2015
Japan Post Insurance Co to list on the Tokyo Stock Exchange
Final IPO date and expected price to be announced by the Government.
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- June 18 2015
Indonesia’s Sequis Life to raise number of sales staff to 66,000
Aims to become the third-largest life insurer in the country.
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- June 17 2015
South Korea offers MERS insurance for visitors
Free coverage aimed at relieving concerns over the MERS outbreak in Korea.
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- June 17 2015
Warren Buffett buys US$388m stake in IAG
IAG to sell a 3.7% stake to Berkshire Hathaway Inc. in a 10-year strategic partnership.
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- June 17 2015
Hong Kong official calls for establishment of insurance authority
Statutory licensing regime for insurance salesmen also called for.
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- June 17 2015
Myanmar insurers to start selling health insurance
Policies will be sold under a one-year trial commencing 1 July.
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- June 16 2015
China Pacific Insurance to invest US$5.2bn in China Railway
Investment allows Chinese Insurer to broaden its investment channels of insurance capital.
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- June 16 2015
Philippine lawmakers urged to pass national flood insurance bill
Bill aims to augment state-funded disaster assistance.
