Country: East Asia Page 189 / 213
-
- April 15 2016
Future Land bids US$1bn for Dah Sing Life
The bid is part of a plan to sell Hong Kong insurance products to homebuyers in China.
-
- April 14 2016
Aioi Nissay Dowa teams up with Toyota for US auto cover
The non-life arm of MS&AD is teaming up with Toyota Motor to enter the auto insurance market in the US.
-
- April 14 2016
Sompo nears US$200m bancassurance deal with CIMB
The 10-year deal will allow the company to distribute general insurance products through CIMB's branches across Asia.
-
- April 13 2016
Taiwanese financial firms hit by falling insurance earnings
The sluggish performance of insurance companies is taking a toll on the nation's top financial groups.
-
- April 13 2016
Insurance complaints up 7% in Hong Kong in 2015
The city's insurance industry self-regulator says the number of new complaints last year increased to 647 cases.
-
- April 13 2016
Korean insurers post worst returns in more than a decade
Investment income ratio dropped to an average of 4% last year, the lowest return on invested capital since 1991.
-
- April 12 2016
More Korean insurers to go up for sale this year
The low price paid by Anbang for Allianz Life Insurance Korea highlights the troubles facing the industry.
-
- April 11 2016
Aioi Nissay Dowa to move away from JGBs
The non-life arm of MS&AD said it will instead look for positive yields in corporate debt.
-
- April 11 2016
One Belt One Road spurs marine insurance demand
Zurich has predicted a rise in demand after the initiative raises the number of overseas projects.
-
- April 11 2016
China mulls national network for health settlement
The reform will allow Chinese citizens to reimburse their medical expenses around the country, according to a report.
-
- April 11 2016
China imposes 6% VAT on insurance services
Sales tax will apply from May 1 this year, according to a circular jointly issued by the finance ministry and tax office.
-
- April 8 2016
China’s first insurance exchange to launch in June
The exchange is part of Shanghai's goal of becoming an international insurance centre by 2020.
-
- April 8 2016
Korea’s life policy cancellation rates hit record high
Policyholders cancelled contracts worth W18.5 trillion during 2015, according to a survey by industry group KLIA.
-
- April 7 2016
Zhong An posts US$30m net profit in 2015
China's first and only internet insurance licence holder saw premiums grow 200% to US$339m last year.
-
- April 7 2016
Anbang buys Allianz’s Korea life unit for US$216 million
The deal comes barely a week after Anbang abandoned a US$14 billion bid for Starwood Hotels & Resorts.
-
- April 6 2016
Anbang raises shareholdings in Chinese banks
It is now a top-10 shareholder in ICBC, Bank of China, AgBank and CCB after buying stakes at the end of last year.
-
- April 6 2016
Japanese government to cover Asian state projects
It will fully cover projects sponsored by regional governments against unrecoverable costs caused by wars or natural disasters.
-
- April 6 2016
Pacific Life Re to open branch in Korea
The Financial Services Commission has approved the US-based reinsurer's application to do business in the country.
-
- April 5 2016
Chinese investors’ interest in Australian insurers grows
M&A activity involving Chinese firms and Australian insurers is expected to rise this year, according to global law firm Clyde & Co.
-
- April 1 2016
Chinese insurers to reduce exposure to equities
Fragile markets have prompted Chinese insurers to express caution in capital market investments this year.
