Country: Asia Pacific Page 531 / 619
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- August 21 2017
Centrum Group gets broking licence in India
The firm controlled by former Standard Chartered Asia chief Jaspal Bindra is expanding its insurance operation.
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- August 18 2017
Philippines launches parametric disaster programme
The pilot scheme will provide parametric disaster coverage for 25 at-risk provinces in partnership with World Bank.
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- August 18 2017
Bank Negara on captives
Governor Muhammad bin Ibrahim gave the keynote address at the Asian Captive Conference 2017 in Kuala Lumpur.
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- August 18 2017
Cigna raises stake in India JV
An application with the regulator will increase its stake in the joint venture with TTK to 49% from 26%.
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- August 18 2017
Foreign insurers in Malaysia pressured to trim shareholdings
Four companies have until the end of this month to reduce their holdings and divest to local partners in line with new regulations.
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- August 18 2017
QBE puts emerging markets business under review
Operations in Thailand and Colombia face closure after poor results led investors to question strategy.
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- August 17 2017
Euler Hermes names senior executives to lead expansion
The trade credit insurer has appointed Clemens Philippi as CEO for Asean and Benoit Ganzmann as CEO for China.
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- August 17 2017
Harness captives responsibly, says Bank Negara governor
Muhammad Ibrahim said captives must be seen as supporting and contributing to broader economic transformation and growth.
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- August 16 2017
Korean insurers post 28.3% profit rise
Results for the first half of this year reflect robust dividend income growth and a drop in the loss ratio, said the FSS.
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- August 16 2017
Axa appoints new CEO for Singapore unit
Jean Drouffe takes over the reins from Doina Palici-Chebab, who has been promoted to the position of interim regional CEO of AXA Asia.
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- August 16 2017
MS&AD to spend US$401m for stake in Challenger
The Japanese group will acquire a 6%-plus interest in the leading player in Australia's superannuation industry.
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- August 15 2017
Philippines tests parametric scheme for disaster-prone provinces
The government has allocated US$20m to a pilot project that will offer quick-disbursing payouts based on a catastrophe model.
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- August 15 2017
Asian insurance sector’s embedded value up 15.3%
China and Hong Kong seen as the main drivers, according to a survey from global consulting firm Milliman.
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- August 15 2017
Reliance General Insurance to sell 10% stake through IPO
The Reliance Capital unit is the fourth general insurer in India to have announced its intention to list.
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- August 14 2017
Premiums of India’s non-life insurers up 9%
The total surged to Rs97.91 billion (US$1.52 billion) in July, according to data from the insurance regulator released recently.
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- August 14 2017
Ping An to invest $1bn in tech R&D
The group will invest more on tech research and development this year, particularly in the field of artificial intelligence.
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- August 14 2017
Samsung Life posts 26% profit growth
The insurer added that its value of new business was W598.3 billion, up 6.5% over the same period.
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- August 11 2017
Japan’s major life groups post weaker revenues
A decline in premium income dragged down revenues of six of the country's seven leading life groups.
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- August 10 2017
Asia suffers US$10bn catastrophe losses in six weeks
The losses were recorded in July alone due to severe flooding, a catastrophe report from Aon says.
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- August 9 2017
Irdai cautions startups backed by PE firms
The regulator has warned that private equity firms need to show proof that they will provide long-term support.
