Country: Asia Pacific Page 593 / 608
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- August 17 2015
Anbang Insurance leads race to buy Novo Banco
Anbang's US$4.45bn bid to acquire Portugal's Novo Banco is likely to be selected by the Bank of Portugal.
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- August 17 2015
Hyundai assessing damage caused by Chinese explosion
South Korea's top carmaker said 4,000 of its vehicles were damaged in the explosion that rocked Tianjin.
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- August 14 2015
Japan’s growth dilemma continues to drive M&A
Japanese insurers are paying top dollar for US acquisitions, but these deals may be vindicated in the long run.
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- August 14 2015
Willis acquires Taiwan’s Elite Risk Services
Willis has paid an undisclosed sum for the Taiwanese specialist broker, doubling its presence in the country.
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- August 14 2015
North Korea responds to growing insurance demand
State insurance firm KNIC will soon offer insurance policies to cover fruit farms and mobile phones.
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- August 13 2015
Sumitomo to buy Symetra for US$3.8bn
Sumitomo Life has agreed to pay US$3.8bn to buy Berkshire Hathaway-backed Symetra Financial.
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- August 13 2015
Dai-ichi becomes Japan’s top life insurer
The company has overtaken Nippon Life Insurance after a 56.8% rise in revenue in the second quarter.
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- August 13 2015
Anbang offers US$1bn for Japan’s Simplex
The acquisitive Chinese insurer is seeking to enter Japan's real estate market through an auction.
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- August 12 2015
Insurance complaints on the rise in China
In the first six months of this year, complaints about insurance contracts in China grew by 4.03%.
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- August 12 2015
Only 10% of Taiwan’s cars insured against storms
Typhoon Soudelor wrought havoc in Taiwan, but only a fraction of vehicles in the country are insured for storms.
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- August 12 2015
Tuition protection policy launched in Thailand
Thai parents can now protect their children's schooling in the event that they lose the ability to pay.
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- August 12 2015
Yield-hungry Dai-ichi Life invests in Indonesian bonds
Dai-ichi Life has made its first investment into Japanese yen-denominated Indonesian sovereign bonds.
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- August 11 2015
Sumitomo in M&A talks with Symetra Financial
Japan's fourth-largest insurer is reportedly in talks with Symetra Financial as it seeks to expand overseas.
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- August 11 2015
Foreign insurers court PNB bancassurance deal
At least six foreign insurers are pursuing Philippine National Bank for a bancassurance joint venture.
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- August 11 2015
Cambodian insurers growing at 20%
Cambodia's insurance industry posted 20% premium growth during the first half of 2015, official data show.
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- August 11 2015
Military Bank launches life insurance JV
The Vietnamese bank has teamed up with Ageas and Muang Thai Life Assurance to establish a joint venture.
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- August 10 2015
Aviva mulls raising stake in Indian JV
British insurer Aviva has announced plans to raise its stake in its business in India from 26% to 49%.
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- August 10 2015
Malaysia’s life insurers settle all MH370 claims
The Life Insurance Association of Malaysia has said that a total of M$16.9m was paid to the victims's families.
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- August 10 2015
Coface names new Asia-Pacific head
Credit insurer Coface has named Andrew Ross as regional head of Coface Global Solutions in Asia Pacific.
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- August 7 2015
MH370 claims to surface with debris find?
Flaperon found on Reunion Island could be the next step in solving the mystery of the Malaysia Airlines flight.
