Country: East Asia Page 155 / 206
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- September 25 2017
ZhongAn raises US$1.5bn in HK IPO
China's first internet-only insurer priced its initial public offering at the top of the indicated range.
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- September 22 2017
Macau insurers peg typhoon losses at US$362.5m
Typhoon Hato, which struck the casino city in August, caused economic losses of US$1.4bn.
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- September 22 2017
Hong Kong explores blockchain bancassurance project
China Construction Bank and IBM are aiming to streamline transaction processing and enhance service delivery.
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- September 22 2017
Debt-to-equity swaps open to Chinese insurers
Insurance funds may soon be granted permission to join in debt-to-equity swaps of distressed firms.
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- September 21 2017
Willis appoints insurance consulting head for HK, Taiwan
Albert Li has been named as head of the insurance consulting and technology business.
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- September 21 2017
AIA denies Korea exit rumours
Group CEO Ng Keng Hooi says the company is in fact considering additional funding to comply with IFRS 17.
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- September 20 2017
China to heighten insurance scrutiny
Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.
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- September 19 2017
Mounting debt forces Hyundai Life to cut workforce
The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.
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- September 19 2017
Chinese life firms urged to diversify products
A senior official at CIRC wants insurers to innovate and offer more than just short-term life products.
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- September 19 2017
ZhongAn eyes HK expansion after IPO
The company is looking to sell life insurance and other healthcare products in the territory after it lists on HKEx.
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- September 18 2017
ZhongAn seeks US$11bn valuation in HK IPO
China's first internet-only insurer is selling a 15% stake that will see it raise US$1.5bn if the deal materialises.
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- September 15 2017
At least 20 bidders eye Axa wealth unit in HK
China Taiping Insurance and Country Garden are reportedly among the companies that have expressed an interest.
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- September 15 2017
Ant Financial’s agri insurance JV gets green light
China’s insurance regulator has given the go-signal for a joint venture with China United Insurance to begin operations.
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- September 11 2017
Blockchain to change insurance business model
The technology can reduce the uncertainty of insurers' risk pool system, says Deloitte.
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- September 8 2017
Allianz rebuffs Chinese takeover
It emerged this week that Anbang and HNA both attempted a takeover of the German insurer earlier this year.
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- September 8 2017
Listed Chinese insurers to benefit from risk crackdown
Efforts to contain the sale of risky short-term life insurance policies won't seriously affect the country's major insurers.
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- September 7 2017
Foreign insurers get access to wider market in China
CIRC says the government will open the local health, disaster and pension insurance markets.
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- September 7 2017
PartnerRe names new CEO for L&H in Asia
Jerome Matrundola joins from SCOR to lead the life and health business in the region.
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- September 6 2017
HSBC Insurance appoints Hong Kong CEO
Former interim chief executive Edward Moncreiffe will oversee HSBC’s insurance and pension business in the city.
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- September 6 2017
XL Catlin strengthens Asia casualty capability
Elishe Quek and Alice Chong join as casualty underwriters from AIG to take up positions in Singapore and Hong Kong.
