Country: Asia Pacific Page 575 / 583
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- June 15 2015
Great American Insurance Group establishes in Singapore
Monetary Authority of Singapore grants formal licence for branch operation.
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- June 15 2015
Insurance payout for Yangtze accident to hit US$14.8m
Payout involves 340 contracts underwritten for parties involved with the incident.
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- June 15 2015
German reinsurance giant Hannover mulls setting up India branch
Considers the possibility of setting up a branch in India as a reinsurer.
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- June 12 2015
Reliance Insurance to hire 20,000 agents across India this year
RLIC to raise its agency force by 20% across the country this year.
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- June 12 2015
Japan’s Tokio Marine to acquire HCC Insurance for US$7.5bn
Overseas acquisition set to be biggest ever entered into by a Japanese nonlife insurance firm.
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- June 12 2015
China Life Insurance launches first overseas unit in Singapore
Singapore to offer a wide range of products, including health insurance and investment options.
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- June 12 2015
Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved
Approval issued despite concerns over reciprocity.
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- June 11 2015
All insurance policies in India will soon be available in digital format
Life and non-life policies to be available in digital form.
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- June 11 2015
BDO Unibank acquires Generali Pilipinas Holdings
Acquisition part of the bank's strategy to diversify into the life insurance business.
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- June 11 2015
Greenstone delays US$900m Australia IPO plan
Life Insurance distributor unwilling to accept a cut in valuation, according to reports.
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- June 10 2015
Philippine court stops paid-up capital rate hike order for insurers
An adverse effect on the business climate is sufficient basis for an injunction, The Court of Appeals.
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- June 10 2015
Sovereign offers free insurance in New Zealand through Facebook
Innovative Facebook campaign to offer free life insurance for six months.
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- June 10 2015
Samsung partners Ping An for digital health platform in China
Partnership expected to fast-track the adoption of remote health monitoring systems in China.
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- June 10 2015
China’s Fosun in final stage of acquiring Israel’s biggest insurer
Fosun set to acquire Israel's Pheonix Group for US$858M.
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- June 9 2015
China’s private hospitals to be eligible for reimbursement
Threshold for private healthcare providers also to be lowered.
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- June 9 2015
Japan’s Tokio Marine seeks overseas bancassurance deals
Japanese insurance giant has spent over US$8bn on international deals since 2008.
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- June 9 2015
AXA launching units in Singapore, Hong Kong and Shanghai
Data Innovation Lab in Singapore to conduct R&D work using data analytics.
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- June 9 2015
India seeks assets reconstruction insurance
Cover to compensate for the cost of reconstruction after natural disaster.
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- June 8 2015
Japanese life insurers to continue raising foreign bond investments
Increasing allocations to high-grade foreign bond investments set to continue.
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- June 8 2015
MSI permitted to operate in Myanmar’s Thilawa Special Economic Zone
Obtains a provisional permit to underwrite general insurance from regulators.
