Country: Asia Page 403 / 406
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- April 28 2015
Korea’s Hanwha Life seeks to hire 650 more consultants in Indonesia
Additional outlets planned as more Korean Life Insurance Companies look to expand overseas.
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- April 28 2015
Nepal earthquake to expose developing nations’ low insurance penetration
Spending on property-casualty coverage less than US$4 per capita annually.
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- April 28 2015
China sets charges for deposit insurance scheme
Scheme unlikely to have a major impact on banks and premiums.
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- April 27 2015
Philippine nonlife insurance industry’s net income rises in 2014
A decline in frequency and severity of natural calamities attributed.
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- April 27 2015
India’s largest reinsurer assessing earthquake losses in Nepal
GIC Re sends a team of 10 surveyors to Nepal.
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- April 27 2015
Bank Negara approves Malaysian Re’s general and family retakaful business
Plans to undertake an internal restructuring for its retakaful business.
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- April 27 2015
Japan’s Asahi Mutual Life Insurance to raise foreign bond investment
The Japanese Insurance firm says domestic yields remain too low.
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- April 27 2015
China’s Fosun to invest in more European and US insurance firms
OneBeacon Insurance Group also said to be a target.
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- April 23 2015
Bangladesh to raise foreign stake in life insurance sector to 83%
Government keen to attract more foreign insurance companies to the country.
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- April 23 2015
China’s PSBC’s US$3bn stake sale attracts global investors
Bidders include Singapore's Temasek Holdings and French bank BNP Paribas.
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- April 23 2015
Philippine National Bank seeks US$500m in sale of life insurance stake
Possible investors could come from Japan and Taiwan.
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- April 23 2015
Reinsurance Group of America names India head
Thomas Mathew appointed Managing Director and Chief Executive of RGA India.
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- April 23 2015
Bank Rakyat Indonesia to sell stake in life insurance arm
The Bank is seeking a partner to develop its life insurance unit BRIngin Life.
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- April 23 2015
Korea plans to allow insurers in combo stores
Combo stores allowed to provide all types of financial products under the FSC plan.
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- April 21 2015
Manulife launches financial advisory unit in Singapore
Products offered under financial advisory arm set to rise.
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- April 21 2015
Malaysia’s growing insurance industry to drive M&A
Under-capitalized insurers and takaful operators could be expected to seek strategic investors or alternative capital.
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- April 21 2015
Taiwan’s Cathay Financial enters Philippine banking sector
Cathay Life Insurance Corp acquires 20% stake in Rizal Commercial Banking Corp for Php7.95bn (US$179m).
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- April 21 2015
Chinese insurers report double-digit profits
Growth partly attributed to large gains in ROI.
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- April 20 2015
Tokio Marine investing in real estate funds to avoid trouble
Japanese insurer hopes to increase its overseas property assets by about US$84m this year.
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- April 20 2015
India’s general insurance growth hits three-year low
Slump in auto sales and lack of new projects reasons for single digit growth.
