Country: Asia Pacific Page 542 / 556
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- August 5 2015
China Reinsurance files for HK IPO
State-owned reinsurer could raise up to US$2bn, hires CICC, UBS and HSBC as joint sponsors.
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- August 5 2015
Air India seeks bidders for US$9bn fleet insurance
Indian state flag carrier was faced with a 15% rise in premiums last year.
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- August 5 2015
Bangladesh to appoint auditor to check spending of life insurers
Majority of the country's life insurers were in breach of their respective spending limits last year.
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- August 5 2015
TigerRisk enters China and names Houqin Zhu as Hong Kong head
Reinsurance broker marks it's first presence in Asia with the hiring of former American Re and QBE Re veteran.
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- August 4 2015
Hong Kong’s insurance gap forecast to balloon by 2020
The gap will be among the highest in Asia within five years, up to as much as US$763 billion, say AIA and Citi.
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- August 4 2015
Singapore to implement compulsory insurance scheme
Starting November 1, all citizens and permanent residents will be covered under the national lifelong insurance scheme.
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- August 4 2015
HSBC targets Asia growth by expanding insurance business
The bank has reiterated its strategy of expanding its Asian insurance business and boosting its Pearl River delta presence.
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- August 3 2015
Majority of Taiwanese adults favour raising health insurance fees
Survey shows over 50% of Taiwanese in favour of paying more for their health insurance.
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- August 3 2015
Japan insurers seek 19% hike in earthquake premiums
The new increase could take effect by January 2017 but will be introduced in phases.
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- August 3 2015
Lloyd’s seeks license to operate in Malaysia
World's specialist insurance market said to be applying for an onshore reinsurance license to operate in Malaysia.
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- July 31 2015
Mitsui Sumitomo buys stake in Sri Lanka’s Ceylinko
Japanese insurer purchases minority stake in one of Sri Lanka's oldest and largest business conglomerates.
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- July 31 2015
Taiwan issues OIU licenses to 14 insurance firms
Licenses are part of Taiwan's efforts to be seen as an asset management hub in the Asia-Pacific region.
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- July 31 2015
Prudential buys into Vietnam government bond
The British life insurer buys nearly half the Vnd7 trillion bonds on offer in the government's debut 20-year issuance.
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- July 30 2015
Dai-ichi Life expands in Vietnam
A new general office in Ho Chi Minh City brings the Japanese insurer's Vietnamese presence to 142 sales and general agency offices.
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- July 30 2015
Alibaba Health and CPIC Allianz team up
The two firms have signed an agreement that could set a new model for online health insurance services in China.
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- July 29 2015
China Minsheng to buy Sirius for US$2.2bn
Acquisition of Sirius seen to give support to CMI's efforts to expand in the Bermuda reinsurance sector.
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- July 29 2015
China urges insurers to go digital
Insurance regulator CIRC has issued guidelines to encourage insurers to use the internet to reach more clients.
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- July 29 2015
QBE Insurance names new ANZ head
Tim Plant succeeds Colin Fagen, who has been promoted as new group chief strategy officer.
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- July 28 2015
China approves Anbang’s Vivat acquisition
The Chinese insurer will inject US$1.48 billion into Dutch state-owned Vivat as part of the deal.
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- July 28 2015
Young NZ adults embracing health insurance
Low-cost health insurance products encourages more New Zealanders aged 25-35 to take out health insurance policies.
