Country: East Asia Page 192 / 213
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- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
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- March 2 2016
Negative rates push Japanese firms to raise premiums
The consequences of the Bank of Japan's policy continue to spread in the country's financial sector.
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- March 2 2016
China to announce plan for financial super-regulator
The proposal would see the country's banking, securities, and insurance regulators merged into one entity.
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- March 1 2016
Taiwan legislators consider revision of insurance law
The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.
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- February 29 2016
Chinese firms raise allocations to alternative assets
CIRC releases statistics that shows mainland insurers significantly raising their exposures in 2015.
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- February 26 2016
Property is king for China’s acquisitive insurers
China’s domestic insurers are increasingly buying up stakes in the country’s listed property developers.
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- February 26 2016
Chinese bidders queue up for Allianz Korean life business
Fosun and Anbang are reportedly showing interest in the asset, which is said to be worth US$500 million.
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- February 26 2016
China’s reinsurance market to hit US$198bn by 2020
The market is expected to grow at a yearly rate of 40% from 2014 to 2018, according to a report by Zion Research.
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- February 26 2016
Chinese developer eyes HK’s Dah Sing Life Assurance
Country Garden has joined China Life and other bidders for Dah Sing Financial's insurance arm.
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- February 25 2016
Zurich denies rumours of Singapore, HK sale
The Swiss insurer is not considering the sale of its businesses in the two cities, contrary to market rumours.
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- February 25 2016
Sompo Japan to merge health, risk-consulting units
The move is aimed at strengthening marketing capabilities as well as product and service development.
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- February 25 2016
Mitsui Sumitomo returns to cat bond market
The Japanese major is returning to the catastrophe bond market almost four years after its last transaction.
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- February 25 2016
Anbang joins bid to buy Hyundai Securities
The Chinese insurer is up against Fosun Group and Korean firms KB Financial and Korea Investment & Securities.
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- February 24 2016
China Life, Ping An post double-digit premium growth
The positive results announcements helped their stocks to stage rebounds in Hong Kong and Shanghai this week.
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- February 23 2016
Chinese bought US$2.7bn of insurance in HK in 2015
The number of mainland residents buying insurance products and services in Hong Kong continues to grow.
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- February 22 2016
PE firm to sell ING Life Korea for US$1.63bn
MBK Partners has reportedly attracted interest from Hanwha Life Insurance and Kyobo Life Insurance.
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- February 22 2016
Japan Post Insurance to raise investment in foreign debt
The plan is part of an effort to boost returns following the central bank's introduction of negative interest rates.
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- February 22 2016
Zhong An aiming to raise US$2bn in local IPO
The insurance company backed by Alibaba's financial services affiliate is expected to list in Shanghai.
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- February 18 2016
K-Sure to provide US$160bn trade insurance in 2016
The announcement comes at a time when Korea's all-important exports have been faltering.
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- February 18 2016
Taiwanese majors suffer earnings plunge in January
Life firms reported a 40% decline in earnings after a brutal downturn on Taiwan's stock market.
