Country: East Asia Page 218 / 225
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- August 18 2015
Chinese blast claims could reach US$1.5bn
Chinese insurance companies are bracing themselves for huge insurance claims after the Tianjin explosion.
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- August 18 2015
South Korean insurers post 30% profit rise
Rise in investment-related earnings is driving net income for local life and non-life insurance companies in Korea.
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- August 17 2015
Oceanwide to launch Chinese reinsurer
The Chinese property conglomerate has announced plan to launch a reinsurance start-up.
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- August 17 2015
Anbang Insurance leads race to buy Novo Banco
Anbang's US$4.45bn bid to acquire Portugal's Novo Banco is likely to be selected by the Bank of Portugal.
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- August 17 2015
Hyundai assessing damage caused by Chinese explosion
South Korea's top carmaker said 4,000 of its vehicles were damaged in the explosion that rocked Tianjin.
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- August 14 2015
Japan’s growth dilemma continues to drive M&A
Japanese insurers are paying top dollar for US acquisitions, but these deals may be vindicated in the long run.
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- August 14 2015
Willis acquires Taiwan’s Elite Risk Services
Willis has paid an undisclosed sum for the Taiwanese specialist broker, doubling its presence in the country.
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- August 14 2015
North Korea responds to growing insurance demand
State insurance firm KNIC will soon offer insurance policies to cover fruit farms and mobile phones.
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- August 13 2015
Sumitomo to buy Symetra for US$3.8bn
Sumitomo Life has agreed to pay US$3.8bn to buy Berkshire Hathaway-backed Symetra Financial.
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- August 13 2015
Dai-ichi becomes Japan’s top life insurer
The company has overtaken Nippon Life Insurance after a 56.8% rise in revenue in the second quarter.
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- August 13 2015
Anbang offers US$1bn for Japan’s Simplex
The acquisitive Chinese insurer is seeking to enter Japan's real estate market through an auction.
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- August 12 2015
Insurance complaints on the rise in China
In the first six months of this year, complaints about insurance contracts in China grew by 4.03%.
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- August 12 2015
Only 10% of Taiwan’s cars insured against storms
Typhoon Soudelor wrought havoc in Taiwan, but only a fraction of vehicles in the country are insured for storms.
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- August 12 2015
Yield-hungry Dai-ichi Life invests in Indonesian bonds
Dai-ichi Life has made its first investment into Japanese yen-denominated Indonesian sovereign bonds.
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- August 11 2015
Sumitomo in M&A talks with Symetra Financial
Japan's fourth-largest insurer is reportedly in talks with Symetra Financial as it seeks to expand overseas.
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- August 10 2015
Coface names new Asia-Pacific head
Credit insurer Coface has named Andrew Ross as regional head of Coface Global Solutions in Asia Pacific.
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- August 7 2015
AIG to focus on consolidating Japan business
Integration of Japan's Fuji Fire & Marine still a work in progress, according to CEO Peter Hancock.
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- August 6 2015
MetLife names Cindy Tang Asia communications head
Tang starts her new role on August 20, based in MetLife's Asia region office in Hong Kong.
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- August 6 2015
China to punish firms leaking medical insurance data
Insurance regulator to carry out inspections on firms found to have irregularities.
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- August 5 2015
China Reinsurance files for HK IPO
State-owned reinsurer could raise up to US$2bn, hires CICC, UBS and HSBC as joint sponsors.
