Country: East Asia Page 187 / 229
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- March 24 2017
Ping An profit up 15% in 2016
China’s biggest insurer reported strong performance in 2016 thanks to improved sales and a gain from restructuring.
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- March 24 2017
China orders insurers to submit bond transaction report
The move is part of the insurance regulator’s move to tighten scrutiny as it becomes increasingly alert to risks.
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- March 23 2017
Disappointing results forecast for China’s big insurers
Analysts say the lacklustre year was due to fierce competition, depressed returns and reserves top-ups.
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- March 22 2017
Hong Kong Life sold for US$914m
First Origin International, a Hong Kong-based investment firm, has paid HK$7.1b for the city's 10th-biggest insurer.
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- March 21 2017
China leads global insurance growth in 2016
Initial projections show that the Asian economic powerhouse contributed nearly half of the world insurance market.
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- March 21 2017
Taiwan market set to lose up to US$4.9bn
The Taiwanese dollar’s appreciation and insurers’ foreign investment exposure could take a toll on the industry.
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- March 20 2017
Regulator lowers punishment against CEOs of Korean insurers
FSS says the penalty against the CEOs is now a precautionary warning, or a notch lower than the one previously announced.
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- March 20 2017
Global M&A activity at lowest level in three years
However, Asian transactions were still robust, with 12 of the top 20 deals by value in 2016 involving an Asian insurer.
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- March 20 2017
Nippon Life plans US$4.4bn M&A investment
Japan's biggest life insurer says it is planning to double its net profit during the next the four years.
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- March 16 2017
Manulife wins first Investment Company WFOE licence in China
The approval will allow the company to provide private assets solutions in China's fast-growing asset management industry.
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- March 15 2017
Foresea Life chairman resigns
Yao Zhenhua resigned after getting a 10-year prohibition order from China’s insurance regulator.
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- March 13 2017
Hong Kong told to develop incentives for reinsurers
Insurers and brokers are moving their businesses to Singapore where economics of scale and tax benefits are preferable.
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- March 8 2017
Zhong An to sell up to 10% stake to investors
China’s first internet-only insurer intends to raise funds before its planned initial public offering.
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- March 7 2017
Big insurers may face less scrutiny in China
Insurance authorities are planning an industry-wide shakeup that will see smaller insurers face stricter regulation.
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- March 6 2017
IMG acquires ALC Health
The global benefits and assistance services provider has acquired UK-based à la carte healthcare.
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- March 6 2017
China consortium joins bid for Hong Kong Life Insurance
The consortium will be up against China’s state-owned Yue Xiu in a deal valued at more than US$700m.
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- March 3 2017
Citic-Pru Life approved to open Sichuan branch
The development comes after the JV announced plans to expand into Anhui province in November last year.
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- March 3 2017
Japan non-life insurers increased leverage in 2016
Average financial gearing grew to 6.1% in 2016 amid an expansion of insurers' international acquisitions.
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- March 2 2017
Japan national health insurance system posts deficit
The continuing deficit is due to rising costs perpetrated by the country's ageing population and expensive new treatments.
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- March 2 2017
Swiss Re Corporate Solutions appoints Japan head
Paul Atkinson succeeds Juerg Stoll, who has held the role since 2010 and is becoming country head for Malaysia.
