Country: Asia Pacific Page 605 / 614
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- June 18 2015
Indonesia’s Sequis Life to raise number of sales staff to 66,000
Aims to become the third-largest life insurer in the country.
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- June 17 2015
South Korea offers MERS insurance for visitors
Free coverage aimed at relieving concerns over the MERS outbreak in Korea.
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- June 17 2015
Warren Buffett buys US$388m stake in IAG
IAG to sell a 3.7% stake to Berkshire Hathaway Inc. in a 10-year strategic partnership.
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- June 17 2015
Hong Kong official calls for establishment of insurance authority
Statutory licensing regime for insurance salesmen also called for.
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- June 17 2015
Myanmar insurers to start selling health insurance
Policies will be sold under a one-year trial commencing 1 July.
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- June 16 2015
China Pacific Insurance to invest US$5.2bn in China Railway
Investment allows Chinese Insurer to broaden its investment channels of insurance capital.
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- June 16 2015
Philippine lawmakers urged to pass national flood insurance bill
Bill aims to augment state-funded disaster assistance.
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- June 16 2015
Marsh contributes US$93m to India’s nuclear insurance pool
Risk manager bridges funding gap, according to reports.
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- June 15 2015
Taiwan’s Nan Shan Life to acquire AIG unit for US$158m
Nan Shan Life to buy the personal and SME insurance businesses from AIG's unit in Taiwan.
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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.
