Country: Asia Page 305 / 396
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- October 18 2017
XL Group to buy 20% of Mahindra Insurance Brokers
The stake in the insurance broker, which caters to rural and semi-urban India, is reported to carry a price tag of US$40m.
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- October 18 2017
Mitsui Sumitomo to invest more in foreign bonds, ETFs
The Japanese insurance company intends to increase investment in higher-risk assets by as much as US$268m.
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- October 18 2017
Honan Insurance to acquire Singapore-based NGA Benefits
The Australian-owned and operated buyer is looking to add to its growing employee benefits business in South-East Asia.
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- October 17 2017
AIG launches Hong Kong cyber products
The insurer is targeting cyber insurance growth as policy requests rise 87% following WannaCry and NotPetya cyber attacks.
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- October 17 2017
India’s RenewBuy raises fresh funds from Amicus Capital
The second round of funding has brought in US$9.26m for the Indian online insurance aggregator.
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- October 16 2017
AIA, Bangkok Bank renew bancassurance deal
The Hong Kong-based insurer has extended its agreement with the Thai bank for a further 15 years.
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- October 16 2017
Tencent-backed insurance agency gets approval
Weimin got the green light to begin operations from the China Insurance Regulatory Commission.
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- October 16 2017
Aviva exits Taiwan
The British-headquartered insurer has decided to sell its stake in a local joint venture with First Financial.
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- October 13 2017
Games, trains and electricity
What institutional investors are looking at ahead of China’s next five-year plan.
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- October 13 2017
Vietnam’s market keeps positive growth
Total premiums for the whole market in the January-September period were estimated to have increased 18% year-on-year.
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- October 13 2017
Five Chinese insurers barred from financing parent companies
The move is part of a government effort to curb funding for some of the nation’s most aggressive asset acquirers.
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- October 13 2017
Philippine insurers told to beef up reserves
There remains a US$155m gap in reserves, or more than 60% of industry premiums and claims.
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- October 13 2017
Drastic changes ahead in China’s insurance sector
The government plans to implement changes in policies, environment and technology, according to CIRC.
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- October 12 2017
HK regulator to fast track online-only insurers
Companies applying to operate online-only insurance firms in Hong Kong can expect faster processing of their applications.
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- October 12 2017
China revises rules on securities insurance
A new regulation is in place starting Tuesday that will give insurance funds priority to subscribe to new shares offline.
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- October 12 2017
India’s non-life premiums up 13.6%
The gross premiums rose to US$2.68bn in September this year, according to data from Irdai.
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- October 11 2017
China insurers’ premium income up 20.45%
CIRC attributed the steady growth of premium income during August to improved regulations and risk protection.
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- October 11 2017
UN warns of more destructive disasters in Asia
The warning comes from the UN's Economic and Social Commission for Asia and the Pacific.
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- October 10 2017
Zurich names new chief underwriting officer in Singapore
Anish Jadav will work closely with the Asia-Pacific Regional commercial insurance team headed.
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- October 9 2017
MS&AD buys 15% stake in ReAssure
The group has agreed to pay Swiss Re £800m (US$1.05bn) for its investment in the UK-based closed-book life insurer.
