Country: East Asia Page 237 / 245
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- August 24 2015
Ping An Insurance posts 62% profit rise
First-half profits were boosted by gains from stock investments and life insurance products.
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- August 21 2015
Four Chinese firms bid for Israel’s Clal Insurance
Four Chinese groups have submitted bids to buy control of Israel's second-biggest insurer.
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- August 21 2015
Taiwan’s insurance penetration is world’s highest
Taiwanese insurance revenues as a share of GDP are the highest in the world, at a record 18.9%.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 20 2015
Tianjin blast losses could be higher than estimates
Fitch says insurance losses from explosion could be more than US$1.5bn.
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- August 20 2015
Tencent said to invest in new life insurer
China's largest internet firm is reportedly eyeing a new US$1.5bn venture.
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- August 19 2015
Taiwan allows insurers to invest in futures ETFs
Insurers can invest up to 0.5% of their total assets in onshore futures ETFs to diversify their investment channels.
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- August 19 2015
CIRC seeks quick response to Tianjin claims
China Insurance Regulatory Commission has urged insurers to prioritise claims from last Wednesday's blasts.
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- August 19 2015
Chinese online insurance sales triple in first half
Sales reach more than Rmb80bn, though online still accounts for less than 5% of China's insurance premiums.
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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.
