Country: East Asia Page 166 / 226
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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.
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- March 23 2018
Ping An plans spinoff and listing of four unicorns
Ping An Good Doctor and Lufax are among the startups being slated for initial public offerings.
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- March 23 2018
Six Japanese life insurers consolidate pension businesses
The move is aimed at combatting the effects of the government’s persistent, low interest rate policy.
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- March 23 2018
Guo Shuqing named head of China’s merged regulator
The former banking regulator is set to take over the new combined banking and insurance watchdog.
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- March 22 2018
Ping An beats expectations with 2017 results
The Chinese insurer posted 43% growth in net profit and will double its dividend payment.
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- March 21 2018
Financial Risk Solutions opens second Asia office
The unit-linked investment administration and compliance oversight software provider has opened in Hong Kong.
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- March 21 2018
Korea Development Bank postpones sale of life unit
The former Kumho Life will not be sold for at least two years or until it becomes more competitive.
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- March 20 2018
Allianz expands entertainment insurance to Asia
Damian Kerin, head of entertainment for Asia Pacific, is overseeing the Singapore launch.
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- March 20 2018
China’s two top insurers to report increased profits
Analysts are expecting Ping An and China Life to show double-digit profit increases.
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- March 20 2018
AIG names new head of Korea business
Douglas Min joins as president and CEO in Seoul, taking over from Steven Barnett.
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- March 19 2018
Japan to help develop Myanmar’s insurance sector
Prime minister Shinzo Abe made the commitment during the Myanmar-Japan Joint Economic Conference.
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- March 16 2018
Joined-up regulation
China’s banking and insurance regulators are merging as the country seeks to better control risks.
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- March 15 2018
Nippon Life buys 5% stake in Deutsche asset management unit
The Japanese insurer is expected to invest around US$375m in DWS Group and get a seat on the board.
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- March 14 2018
China’s insurance and banking regulators to merge
The move is part of efforts to improve oversight of the financial system in the world’s second-largest economy.
