Country: East Asia Page 159 / 206
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- June 30 2017
AGCS to open Seoul branch
The Allianz unit is the first foreign non-life insurer in almost a decade to open in Korea.
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- June 29 2017
Anbang sues former owners of Tongyang Life
In a case of buyer's remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.
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- June 29 2017
Korean firms must raise capital reserves by year end
Capital reserves will be gradually raised starting this year-end, the financial regulator recently announced.
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- June 29 2017
Prudential’s Eastspring invests US$500m in IFC infrastructure fund
The asset management unit is the first Asian investor to participate in the programme, known as MCPP Infrastructure.
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- June 28 2017
Axa Hong Kong appoints new CEO
Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.
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- June 28 2017
Outlook on China’s life market remains negative
Profitability and capitalisation are expected to weaken, according to Moody's Investors Service.
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- June 27 2017
Cyber coverage surges in Japan as attacks rise
Mitsui Sumitomo said its cyber insurance policy sales have increased by 250%.
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- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
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- June 27 2017
Hong Kong’s Insurance Authority takes the reins
The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.
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- June 26 2017
China launches catastrophe insurance research centre
The centre will be the country's first research institution focusing on major disasters.
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- June 23 2017
Korea wants insurers to cut medical indemnity premiums
The move is part of the government's efforts to help alleviate the cost burden on subscribers.
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- June 22 2017
CIRC issues new regulations to rein in credit risks
China’s insurance watchdog is seeking to standardise insurance businesses and protect the industry from credit risks.
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- June 22 2017
Allianz seeks to accelerate growth in Asia
The German insurer is planning to catch up with European competitors in the region, such as Prudential and AXA.
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- June 21 2017
Tahoe completes acquisition of Dah Sing Insurance
The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.
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- June 20 2017
Zhong An’s Hong Kong IPO expected July or August
The Chinese online insurer is expected to list as early as July or August to raise up to US$2b.
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- June 20 2017
Tokio Marine raises stake in Indian unit
The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.
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- June 19 2017
CIRC vows to continue crackdown on HK sales
Illegal sales have led to asset outflows and aid money-laundering, according to the regulator.
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- June 16 2017
Industry fears fall-out from Anbang crisis
There are worries that the crisis at Anbang will lead to a liquidity crunch that could affect the financial industry.
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- June 15 2017
Anbang chairman steps down
Citing personal reasons, Wu Xiaohui has stepped down and delegated his authority to other company executives.
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- June 15 2017
Increasing HK healthcare costs boost insurance sales
The number of private and personal health insurance plans rose by more than 300,000 in 2015.
