Country: Asia Page 187 / 412
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- October 12 2021
Cigna APAC deal gives Chubb Korean A&H boost: AM Best
Asia-Pacific to account for 20% of global operations once the acquisition closes.
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- October 12 2021
Plenty of capacity to meet record LNG prices
Insurance market can meet rising limits despite a price surge of almost 900% this year.
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- October 12 2021
India may allow foreign investors to own 20% of LIC–report
Bloomberg report says government to discuss on Wednesday overseas participation in India's biggest IPO.
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- October 11 2021
Trade credit claims to spike in 2022
Withdrawal of support for businesses predicted to fuel 18% spike in insolvencies.
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- October 8 2021
Chubb buys six Cigna APAC operations, Turkey JV interest for US$5.75bn
Deal includes A&H and life units in Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia.
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- October 8 2021
Luen Fung Hang Insurance remains Macau’s second largest non-life player
The company’s net combined ratio improved to 61% from 67% in 2020 according to AM Best.
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- October 8 2021
Axis reshuffles capital risk solutions team
Shuohan Dai joins from Euler Hermes to oversea capital risk underwriting in Asia Pacific.
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- October 8 2021
Japan Post stake sale draws line under mis-selling scandal
Revenue at the group's insurance arm has bounced back after a sales ban due to widespread employee misconduct.
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- October 7 2021
SIRC 2021 confirmed as virtual event
Singapore's finance minister, Lloyd's chairman and Swiss Re's reinsurance CEO are set to speak.
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- October 7 2021
Vietnam’s BIDV Insurance saw 13% GWP growth in 2020: AM Best
The insurer's combined ratio has averaged around 98% over the past five years.
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- October 6 2021
Mega Insurance posts ‘satisfactory’ underwriting performance: Fitch
The insurer has slashed its credit insurance portfolio -- which has resulted in outsized losses for Indonesia's P&C players.
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- October 6 2021
Swiss Re weighs investment in Paytm Insurance: report
The digital payments firm is reportedly looking to formalise its insurance operations as it eyes an acquisition of Raheja QBE.
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- October 6 2021
Hong Kong insurance density hits new record
Premiums in the city reached HK$78k per person despite 5.5% economic contraction.
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- October 5 2021
China Development Financial to buy 100% of Taiwan’s China Life Insurance
The transaction is expected to close by the end of 2021 following regulatory approval.
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- October 5 2021
Ping An looks to sell New Founder Group’s life insurance arm: report
The insurer acquired its stake in the business arm of Peking University after the latter ran into financial difficulty.
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- October 5 2021
Japan’s SMEs see rise in corporate risks: GIAJ
General Insurance Association of Japan survey highlights a low level of consciousness among small-and-medium-sized enterprises.
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- October 5 2021
China Re fires starting gun on Hong Kong ILS
The reinsurer is seeking retrocession cover for typhoon-related risk in the Greater Bay Area.
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- October 4 2021
RGA’s premium growth gets Asia boost: AM Best
Higher mortality rates due to Covid-19 have put the global life reinsurer under pressure over the last 18 months.
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- October 4 2021
Hong Kong regulators target premium financing
A joint Insurance Authority and Monetary Authority study calls for improvement around risk disclosure.
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- October 4 2021
Malaysia insurers resilient despite economic uncertainty
Central bank report adds that the financial services industry needs to embrace digitalisation.
