Country: East Asia Page 120 / 234
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- February 11 2021
ZhongAn hits ‘critical mass’ after first profits: sources
After consecutive losses, the digital insurer expects a net profit of at least US$75m for 2020.
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- February 10 2021
FSC to smooth Korea’s digital giants insurance ambitions: report
Internet players including Kakao and Naver primed to take advantage of regulatory changes.
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- February 10 2021
Ping An veteran joins Asia-Pacific P&C in Hong Kong
Terence Chen has left the Chinese insurer after over 25 years.
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- February 9 2021
China/US tensions reduced political risk appetite: WTW
Worldwide market capacity is US$4bn with around half allotted to Asia.
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- February 9 2021
Antares’s China exit signals run-off opportunity
Sale of legacy businesses could take off in post-Covid environment.
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- February 8 2021
Taiwan to push capital strength and sustainable finance: Fitch
The FSC has pinpointed key focus areas as insurers prepare for IFRS 17 and a new solvency regime.
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- February 8 2021
No ‘A grades’ from CBIRC in new governance rankings
Six insurers, including China Re and Ping An, received a ‘B’ rating from the regulator.
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- February 8 2021
Ant Group’s woes a boon for established insurers
CBIRC intervention suggests higher barriers to entry for would-be digital disrupters.
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- February 4 2021
Ping An’s P&C operating profit fell 23% in 2020
Financial guarantee insurance's COR climbed to 111%, but life and health profits increased 5.2%.
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- February 4 2021
Antares commits to Asia despite Lloyd’s China run-off
The specialty player will continue to place China business through Singapore.
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- February 4 2021
South Korea’s digital sandbox a ‘breakthrough’
Move creates opening for insurtechs as the regulator pushes financial services innovation.
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- February 2 2021
Ken Lai to leave Hong Leong Insurance (Asia)
The outgoing general manager has been at the Hong Kong P&C player since August 2019.
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- February 2 2021
AIA, China Strategic submit binding bids for BEA Life: report
The sale is expected to raise US$500-600m for the Hong Kong-listed lender.
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- February 2 2021
Bohai Life among six insurers failing China’s tougher solvency rules
Moody's also flags Chang An P&C, Aeon Life, Qianhai Life, JK Life and Sino-French Life.
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- February 1 2021
Raymond Tang to leave BOCG Insurance
IAN understands the GM of Bank of China (Hong Kong)'s general insurance arm will depart mid-February.
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- February 1 2021
Hong Kong’s marine sector looks to escape doldrums
Experts tell IAN that a long-awaited tax break and other reforms can transform the city into a maritime insurance hub.
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- January 29 2021
Philip Chan joins The Hartford in Hong Kong
The former Axa XL Greater China head left the specialty player in 2019.
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- January 29 2021
Chinese broker Tian Ruixiang storms on to Nasdaq
The Beijing-based firm jumped more than 1,000% on its debut amid GameStop surge.
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- January 28 2021
China, India insurtechs raise over US$270m in Q4 2020: WTW
Global fundraising hit an all-time annual high of US$7.1bn.
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- January 28 2021
Zurich appoints Jim Qin as new HK GI chief
Incumbent Penny Seach to become EMEA chief underwriting officer.
