Country: East Asia Page 224 / 225
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- May 4 2015
Fosun strikes US$1.8bn deal with US insurer Ironshore
Fosun already owns 20% of the casualty and property insurer, which it bought in August 2014 for US$464m.
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- May 1 2015
Aegon, and Tsinghua Tongfan invest in Chinese life insurer
Potential of China’s life insurance market attracts investment.
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- April 29 2015
Financial strength ratings of 9 Japanese insurers downgraded
Fitch Ratings stressed that an upgrade of any of the insurers was unlikely in the near future.
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- April 29 2015
Bangladesh to see first insurance JV if Mitsui Insurance gets license
Japan's largest insurance company, reportedly in talks with insurance regulators in Bangladesh.
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- April 28 2015
China sets charges for deposit insurance scheme
Scheme unlikely to have a major impact on banks and premiums.
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- April 27 2015
Japan’s Asahi Mutual Life Insurance to raise foreign bond investment
The Japanese Insurance firm says domestic yields remain too low.
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- April 27 2015
China’s Fosun to invest in more European and US insurance firms
OneBeacon Insurance Group also said to be a target.
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- April 23 2015
China’s PSBC’s US$3bn stake sale attracts global investors
Bidders include Singapore's Temasek Holdings and French bank BNP Paribas.
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- April 23 2015
Korea plans to allow insurers in combo stores
Combo stores allowed to provide all types of financial products under the FSC plan.
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- April 21 2015
Taiwan’s Cathay Financial enters Philippine banking sector
Cathay Life Insurance Corp acquires 20% stake in Rizal Commercial Banking Corp for Php7.95bn (US$179m).
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- April 21 2015
Chinese insurers report double-digit profits
Growth partly attributed to large gains in ROI.
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- April 20 2015
Tokio Marine investing in real estate funds to avoid trouble
Japanese insurer hopes to increase its overseas property assets by about US$84m this year.
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- April 19 2015
Korea moves to prevent state trade insurance fraud
The move is aimed at preventing companies from securing trade insurance using false trade reports.
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- April 19 2015
Korea’s Mirae Asset Life Insurance to launch IPO
Life Insurer looking to raise up to KRW500bn (US$459m) according to reports.
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- April 19 2015
Macau insurers set for growth, says report
Significant growth opportunities in the Special Administrative Region seen due to the low insurance penetration.
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- April 16 2015
Zhong An Insurance passes $10bn valuation
Zhong An has underwritten over 630 million insurance policies and serviced 150 million clients in its first year of operation.
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- April 16 2015
BPL reshuffles Asia-Pacific leadership
Peter Gilbert's move to Singapore aimed at helping service BPL's base of banks and corporates, and develop new markets and clients.
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- April 16 2015
China warns of strange stock price insurance product
The online insurance product claims to provide protection against stock price volatility.
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- April 14 2015
Fitch affirms IFS A- rating of China’s Huaxia Life
The Beijing based insurer has become the largest player in the UL segment in terms of new premiums, says Fitch.
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- April 14 2015
Taiwan government to takeover underperforming insurers
Insurers with a risk-based capital ratio of less than 50% may be acquired.
