Country: East Asia Page 153 / 213
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- April 13 2018
China promises market opening
Officials have promised a range of measures, including further liberalisation of its insurance sector.
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- April 13 2018
Cathay Life’s move on Bank of Nova Scotia’s Malaysian unit fails
The Taiwanese financial group did not give details on why the deal fell through, but said it wasn't about price.
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- April 13 2018
China to relax foreign ownership in life sector from June
Limits in joint venture life insurance companies will be raised to 51% this year and removed in three years.
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- April 12 2018
Sompo International creates retail platform for global integration
The group envisions bringing all its international businesses outside Japan under the ownership of one unit by 2020.
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- April 12 2018
Prudential to increase investment in China
The company is aiming to boost its product coverage and sales distribution in the country.
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- April 11 2018
PICC eyes Shanghai listing
The parent of China’s biggest non-life insurer is planning a secondary listing to raise over Rmb10bn in fresh capital.
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- April 11 2018
China to speed up insurance industry opening
President Xi Jinping said the country will accelerate liberalisation and significantly broaden market access.
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- April 6 2018
Anbang’s rehab
The Chinese government has injected US$9.65bn into the troubled company, while its former chairman admits charges.
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- April 6 2018
Farglory Life fined over corporate governance breach
Taiwan’s regulator has imposed the penalty for corporate governance breaches on a series of real estate projects.
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- April 6 2018
US broker Alliant targets Asia expansion
The move is a consequence of its acquisition of Dumortier Risk Management, which has ties to Taiwan and China.
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- April 5 2018
China injects US$9.7bn into Anbang
The capital injection is aimed at ensuring the solvency and stability of the group.
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- April 5 2018
China’s premium income falls 18.5%
The year-on-year decline happened in the January-February period.
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- April 5 2018
China’s new regulator appoints seven vice-chairmen
The Chinese government has added staff to the newly merged banking and insurance watchdog.
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- April 1 2018
Former Anbang chairman no longer contests charges
Wu Xiaohui appeared to change his stance and requested leniency in his closing statement.
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- March 29 2018
Fubon Life to become Hyundai Life’s largest shareholder
The Taiwanese life insurance company is set to take up the forfeited options of Hyundai Mobis.
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- March 29 2018
Anbang’s Wu Xiaohui goes on trial in China
The proceedings come a year after he was detained on accusations of fraudulently raising Rmb65bn.
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- March 27 2018
China’s low penetration an opportunity for global insurers
Manulife president and CEO Roy Gori sees great potential as the country rolls back foreign ownership caps.
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- March 26 2018
Fosun advances plan to buy Greek insurer
The Chinese group has formally expressed interest in buying Greece’s leading insurance firm, Ethniki.
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- March 26 2018
China Life net profit soars 68%
Earnings of more than US$5bn in 2017 were driven by its exclusive individual agent channel.
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- March 23 2018
Japan cat pricing unmoved
Last year’s huge nat-cat losses in the US do not appear to be pushing prices up in Asia.
