Country: Hong Kong Page 64 / 65
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- December 22 2015
Mainland Chinese to spend US$3.9bn on insurance in HK this year
OCI released data show mainlanders taking 21.7% of the city's total new premiums.
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- December 21 2015
AM Best affirms China Taiping Insurance’s ratings
Chinese Insurer receives strength rating of A and issuer credit rating of "a", with stable outlook.
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- December 9 2015
HK’s Insurance Authority needs HK$650m seed cash
The insurance body will regulate the city's sales force and crack down on malpractice.
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- December 2 2015
Hong Kong’s gross insurance premiums up 10.5%
Premiums in the city soared during the first three quarters of this year, says industry regulator.
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- November 16 2015
China Life pays US$754m for Hong Kong office tower
The One HarbourGate deal will rank as the biggest office-tower acquisition in Kowloon.
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- October 28 2015
Zurich buys Hong Kong’s Kono Insurance
The acquisition gives the Swiss insurer exposure to Hong Kong's robust construction industry.
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- October 23 2015
China Re’s not-so-public offering
Fewer than half of the 5.77 billion shares on sale were actually offered to the public, with 56% going to cornerstones.
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- October 13 2015
Investors commit US$1.2bn for China Re IPO
Cornerstone investors include Great Wall Pan Asia, State Grid and China Development Bank.
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- October 5 2015
ACE introduces insurance for PE, VC firms in Asia
The new product protects private equity and venture capital firms in Hong Kong and Singapore.
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- September 22 2015
Hong Kong to launch Insurance Authority by year-end
The proposed Insurance Authority will replace the Office of the Commissioner of Insurance.
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- September 11 2015
Manulife nears deal for StanChart’s HK pension business
The Canadian insurer is reportedly in the final stages of negotiations for the US$400m deal.
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- September 4 2015
Asia is home to the world’s riskiest cities
The region's cities face diverse threats, ranging from storms and earthquakes to market crashes and pandemics.
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- September 4 2015
Principal Financial buys AXA’s HK pension unit for US$335m
The US investment manager has paid about US$335m, increasing its AUM to US$6bn in Hong Kong.
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- August 31 2015
Chinese private equity firm buys Ageas HK unit
JD Capital has struck a deal to buy Ageas’s Hong Kong life insurance unit for HK$10.7bn.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 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 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 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.
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- August 5 2015
TigerRisk enters China and names Houqin Zhu as Hong Kong head
Reinsurance broker marks it's first presence in Asia with the hiring of former American Re and QBE Re veteran.
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- August 4 2015
Hong Kong’s insurance gap forecast to balloon by 2020
The gap will be among the highest in Asia within five years, up to as much as US$763 billion, say AIA and Citi.
