Country: East Asia Page 193 / 216
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- 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.
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- 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.
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- 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.
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- March 31 2016
China Pacific eyes controlling stake in Anxin Agricultural
CIRC approves 51% stake in the Shanghai-based provider of traditional agricultural and cultivation products.
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- March 31 2016
China considers mandatory liability cover for public hospitals
All hospitals will be required to secure cover for their doctors by 2020 to ensure funds are available to settle patient disputes.
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- March 31 2016
Japan Post teams up with Dai-ichi Life for overseas venture
The two companies will partner on a wide range of operations and jointly invest in growth areas.
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- March 30 2016
Anbang sweetens Starwood bid to US$15bn
Anbang has raised its offer in its latest challenge to Marriott International's bid to acquire the US hotel operator.
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- March 30 2016
China to beef up Inner Mongolia’s insurance industry
CIRC has sealed a memorandum of cooperation to help the region improve its insurance industry.
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- March 30 2016
Three China insurers post double-digit growth in 2015
Net profits at China Pacific, PICC and PICC P&C soared in part due to a surge in demand for asset management products.
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- March 29 2016
Japan amends tax treatment of premiums for D&O
D&O liability insurance will no longer be treated as income under a new tax treatment policy.
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- March 29 2016
Korea’s NHIS adding more investment products
The addition of more dividend-paying products to its investment portfolio is intended to boost returns.
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- March 29 2016
China Life misses 2015 profit forecast
The business took a hit in the final three months of 2015 as profit slumped 81.5% in the period from a year earlier.
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- March 24 2016
Cathay Life posts profit of US$154 million in Q1
The Taiwanese insurer reversed unrealised losses of US$120m in the fourth quarter to post a profit for this quarter.
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- March 24 2016
Limit on life policies at Japan Post Insurance raised
The maximum value of life-insurance policies will rise to ¥20m from the current ¥13m after government gives approval.
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- March 24 2016
Fosun said to plan IPO for Ironshore
Fosun is reportedly planning a share offering for Bermuda-based Ironshore, which it bought in November 2015.
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- March 23 2016
Anbang loses Starwood bid to Marriott
The Chinese insurer misses out after US rival increases its offer for the hotel chain to US$13.2 billion.
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- March 22 2016
China suspends short-term insurance products
CIRC says insurance companies should not sell quasi-wealth management products purely for investment purposes.
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- March 22 2016
AIA to further invest in Asia-Pacific infrastructure projects
Chief executive Mark Tucker says the company is interested in boosting social and economic development in the region.
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- March 22 2016
China’s Huize Insurance completes US$31m series B fund
One of the top online insurance agency platforms in China has received financing from unidentified Chinese investors.
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- March 18 2016
Taiwan further loosens offshore investment restrictions
Domestic insurers will be allowed to allocate up to 40% of their assets to offshore investments.
