Country: Asia Pacific Page 559 / 564
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- May 16 2015
Takaful Malaysia confirms small exposure in troubled 1MDB
Invested in the troubled state-owned 1Malaysia Development Berhad (1MDB) via an Islamic Bond in 2009.
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- May 14 2015
CTBC Financial acquires Taiwan Life in US$1bn stock swap deal
CTBC Financial to swap 1.44 common shares in exchange for one Taiwan Life common share.
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- May 14 2015
Vietnam’s health insurance buyers drop by 1.2 million in Jan-April
Lack of proper public awareness of new health insurance regulations, cited.
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- May 14 2015
1 in 4 customers in India unlikely to renew with same provider
Up to 60% insurance customers are truly loyal to their insurance providers, according to report.
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- May 13 2015
Singapore, London can collaborate on insurance solutions in Asia
Collaboration would address the demand for insurance in Asia with regulations focused on outcomes.
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- May 13 2015
Malaysia’s AIA names first woman CEO
Anusha Thavarajah to be named as new CEO, taking over from Bill Lisle.
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- May 13 2015
S Korea’s Dongbu Insurance enters market in Myanmar
South Korean insurer to offer non-life insurance services with the opening of office in Yangon.
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- May 13 2015
India’s creeping reforms could bring US$10bn investment
India has a history of disappointing foreign investors, but its latest reforms to the insurance industry are welcome progress.
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- May 12 2015
Bank Negara Malaysia inks IAIS exchange agreement
BNS Governor Dr. Zeti Akhtar Aziz confirmed the development in a statement.
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- May 12 2015
Dai-ichi Life signs bancassurance deal with Vietnam’s HDBank
Both parties pledge to develop strategic cooperation between Vietnam's banking and insurance sectors.
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- May 12 2015
Generali Asia enters Malaysia after acquiring stake in local insurer
Acquisition marks Generali's entry into the Malaysian non-life market.
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- May 12 2015
India’s insurance employees’ union oppose hike in FDI
Increase would mean handing over the hard earned savings of the people to foreign capital, says AIIEA.
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- May 11 2015
Thai insurers may lower rates as slow economy hits profits
General insurance industry was expected to grow by just 5% this year.
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- May 11 2015
Bank Rakyat Indonesia seeks life insurance partner
Plans to set up an insurance unit in which it will hold a majority stake.
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- May 11 2015
NZ Insurance and superannuation job opportunities up 40%
Insurers are now focusing on employing people with diverse skills and experience following Canterbury earthquake.
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- May 11 2015
Fosun plans US$1bn share sale to fund insurance M&A
Company to invest in more insurers from Europe and the US in the coming years.
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- May 11 2015
China’s insurers raising capital for M&A
Fosun is set to raise US$1b as mainland insurers increasingly look overseas for investment opportunities.
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- May 9 2015
State-owned insurer China Taiping eyes raising US$1.74bn in share sale
The proceeds would be used to expand its insurance business and grow into new areas.
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- May 9 2015
Australia’s Honan Insurance acquires Singapore’s MACS
General Insurance and Employee Benefits broker in South East Asia acquired for an undisclosed amount.
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- May 9 2015
Singapore’s life insurance business edges down in Q1
Surge in single-premium products attributed.
