Country: Indonesia Page 9 / 15
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- August 7 2020
Philippines state insurer officials face charges in US$300m fraud
Case follows Indonesia's state-run Jiwasraya being shut down due to fraud and corruption.
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- July 28 2020
Sachin Shah to join Manulife
He will manage emerging markets in South-East Asia and previously led AIG's GI APAC operations.
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- July 16 2020
Taiwan’s Cathay Life to take majority stake in Indonesian bank
The Taiwanese insurer sticks to its strategy.
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- July 9 2020
Indonesia to close Jiwasraya and “save policyholders”
The state says a new insurer will pay the troubled life player's over US$1bn of outstanding claims.
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- July 6 2020
Digital player bolttech’s rapid-fire Asia expansion
FWD's sister firm, led by Rob Schimek, looks poised to follow a similar growth path.
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- June 22 2020
FWD ramps up scale in Indonesia with BRI Life stake
Huynh Thanh Phong says the country offers "great economic potential".
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- June 5 2020
FWD seals US$300m deal, CEO hails Indonesia as a “priority market”
The HK major announced the acquisition of Australia's Commonwealth Bank's division in 2018.
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- May 18 2020
Can Asean insurtech catch up with the rest of the world?
The internet economy is expected to reach US$300bn by 2025.
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- May 14 2020
BNP Paribas Cardif in talks to buy stake in Indonesia life firm: report
It's Bank Rakyat's third attempt to sell a minority stake in Asuransi BRI Life.
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- May 13 2020
Asia’s property pricing continues rise: Marsh
Q1 2020 was the fifth consecutive quarter prices have risen in the region.
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- April 29 2020
Indonesian insurtech Qoala raises US$13.5m
There is a sound stream of insurtech funding for the region despite uncertain times.
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- April 14 2020
Indonesia worst hit from March’s Asia nat cat activity
Over 30,000 homes were destroyed or damaged according to Aon.
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- March 30 2020
Indonesia’s BRI Life sale could fetch US$500m
Richard Li's FWD Group is on the list of potential acquirers.
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- March 9 2020
Aviva’s departure from Indonesia adds to shake-up
Maurice Tulloch's move comes after six years amid market turbulence and differs from foreign rivals.
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- March 9 2020
Aviva agrees Indonesia exit
The UK firm has sold its stake in Astra Aviva Life - subject to regulatory approval.
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- February 11 2020
Chubb’s Longmore switches digital role for Indonesia GI president
He replaces Tai Kuan Ly who is staying at the US giant.
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- February 7 2020
Indonesia relaxes foreign ownership, steps up bailout
Capital injections easier as a holding company is set-up to allay market fears.
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- January 31 2020
Rescuing Jiwasraya
Investors line up to buy a stake in subsidiary after turmoil.
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- January 24 2020
Indonesia to address crisis with enhanced surveillance
A government bill will help regulators while the FSA itself is being investigated.
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- January 17 2020
Jiwasraya’s bailout rocks Indonesia
The government wants to reassure the wider financial market after huge losses.
