Country: East Asia Page 157 / 219
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- May 28 2018
Japanese insurers’ efforts to combat climate change still inadequate
Investment strategies are still not in accord with the Paris Agreement goals and progress has been very slow.
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- May 28 2018
Lisa Sun to lead AIG’s business in China
She joins the insurance group from Mercer, where she was CEO of its Hong Kong and South and East Asia zone.
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- May 25 2018
Mitsui Sumitomo returns to China life market
The MS&AD subsidiary has agreed to pay Rmb4.325b (US$668m) for a 37.5% stake in BoCommLife Insurance.
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- May 25 2018
China jails former PICC president
Wang Yincheng has been sentenced to 11 years imprisonment for allegedly taking bribes.
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- May 24 2018
China’s online property insurance premiums rebound
Consumers are favouring apps and third-party platforms ahead of through insurers' websites.
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- May 24 2018
Australia’s CBA sells BoComm stake to Mitsui Sumitomo
The sale will fulfil a condition of the sale of its life insurance businesses in Australia and New Zealand to AIA.
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- May 24 2018
Korean life insurers see net profits fall
Dwindling sales of savings-type products and weaker investment returns are reducing income.
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- May 23 2018
Anbang selling majority stake in Century Securities
The Chinese government-controlled insurer is looking to raise at least US$565m from the sale.
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- May 22 2018
JLT wins full China brokerage licence
The new licence offers the same scope as that permitted for a domestic insurance brokerage company.
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- May 22 2018
China well-poised for further liberalisation
A top official noted that the country has built up strength in the banking and insurance spaces.
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- May 18 2018
Foreign firms in China rush
Overseas insurers are leaping at the opportunity to extend their presence after Xi Jinping cracks open the door.
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- May 17 2018
Allianz Global Corporate & Specialty targets Korea growth
The new branch earned €40 million in total premiums in 2017, roughly 10% of its overall Asia business.
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- May 17 2018
China performance boosts Ageas results
The "very strong" performance was boosted by what it considers to be exceptional results in China.
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- May 16 2018
Fubon Life’s plan to raise stake in Korea unit still holds
It is determined to carry on with its proposal to raise its share in Hyundai Life Insurance to 62%.
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- May 16 2018
FWD applies for Shanghai JV
The Hong Kong-based insurer is reportedly looking at establishing a joint venture in Shanghai with unknown partners.
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- May 14 2018
China issues new rules on disclosures for insurers
New rules have been released to clarify ambiguous rules on disclosures for insurance companies.
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- May 11 2018
Two Anbang-held Korean insurers maybe up for sale
The two companies, Tongyang Life and ABL Life, could be sold in a package deal or separately.
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- May 11 2018
AIA co-leads US$500m investment in WeDoctor
The Hong Kong-listed insurer co-led the funding round in a Tencent-backed Chinese online healthcare solutions platform.
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- May 11 2018
China jails ex-Anbang Insurance boss for 18 years
A Chinese court has sentenced Wu Xiaohui after a trial that accused him of stealing more than US$10bn.
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- May 10 2018
World Bank inks risk-sharing deal with Nexi
The bank's political risk insurance arm has agreed to share risk in Japanese investments in developing countries.
