Country: East Asia Page 186 / 205
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- February 5 2016
China takes aim at Hong Kong offshoring practice
The government is concerned that purchases of insurance in Hong Kong are being used to move money offshore.
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- February 5 2016
Korea regulator probes alleged premium cartel
Four mid-sized insurance firms are accused of colluding to increase car insurance premiums.
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- February 5 2016
Dah Sing’s US$1bn insurance asset lures Chinese firms
More than 20 Chinese property developers and other firms have shown strong interest in bidding.
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- February 4 2016
China caps Hong Kong insurance purchases
Foreign exchange regulator is stepping up administrative measures to slow capital outflows.
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- February 4 2016
China’s iKang acquires 45% stake in NCI Health
Under the deal, NCI and iKang will serve customers across 100 medical centres in China.
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- February 3 2016
China sets new capital requirements for firms
C-ROSS has now been officially implemented to ensure rational growth of the country's insurance industry.
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- February 3 2016
China’s ZhongAn launches cloud insurance with Aliyun
China's first online insurance company has partnered with Alibaba's cloud computing service provider.
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- February 3 2016
Japanese majors complete London acquisitions
Mitsui Sumitomo and Sompo Japan have formally closed deals to acquire Amlin and Canopius.
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- February 2 2016
GIC Re to open China branch
The office will open within the next two to three months, according to chief managing director Alice Vaidyan.
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- February 2 2016
Ping An issues China’s first overseas senior bonds
The US$1.2 billion issuance marks the first senior bond offering from an onshore mainland entity.
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- February 1 2016
Samsung Life buys US$1.27bn Samsung Card stake
The acquisition raises its stake in the credit card business to 71.8%, the two companies said in a disclosure.
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- February 1 2016
Andrew Barrowman joins JLT as Hong Kong head
He moves to the role from JLT Australia, where he was head of specialty, servicing clients across multiple lines.
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- January 28 2016
Chaoyang Life placed under receivership in Taiwan
The life insurer has consistently failed to meet the required capital adequacy ratio of 200%.
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- January 28 2016
Hanwha Life targeting global expansion
The Korean insurer met with global leaders at Davos to discuss its plans for overseas growth.
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- January 27 2016
China market profits up 38% in 2015
The country's insurance industry posted profits of US$43bn last year, according to CIRC.
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- January 27 2016
MS&AD names presidents of its two non-life units
Noriyuki Hara and Yasuzo Kanasugi will head the group's two major non-life insurance units.
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- January 27 2016
Liberty names first Beijing representative
The specialist insurance and reinsurance syndicate is joining the Lloyd's China platform in Beijing.
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- January 27 2016
Chubb names country heads for HK, Singapore, Korea
The announcement is part of a re-branding after the acquisition by ACE, which closed this month.
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- January 26 2016
New rules threaten Hong Kong life insurers’ growth
More stringent underwriting rules are likely to reduce the life insurers' growth momentum, says Fitch.
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- January 25 2016
Korea ready to ink US$2bn insurance deal with Iran
The deal follows the removal of Iranian sanctions by the US and other western nations.
