News Page 1008 / 1104
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- March 29 2016
Sun Life acquires full control of Indonesian JV
The US$42m deal, which is expected to close by September, gives it full control of CIMB Sun Life.
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- March 29 2016
China Life misses 2015 profit forecast
The business took a hit in the final three months of 2015 as profit slumped 81.5% in the period from a year earlier.
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- March 24 2016
Cathay Life posts profit of US$154 million in Q1
The Taiwanese insurer reversed unrealised losses of US$120m in the fourth quarter to post a profit for this quarter.
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- March 24 2016
Limit on life policies at Japan Post Insurance raised
The maximum value of life-insurance policies will rise to ¥20m from the current ¥13m after government gives approval.
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- March 24 2016
Fosun said to plan IPO for Ironshore
Fosun is reportedly planning a share offering for Bermuda-based Ironshore, which it bought in November 2015.
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- March 23 2016
Anbang loses Starwood bid to Marriott
The Chinese insurer misses out after US rival increases its offer for the hotel chain to US$13.2 billion.
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- March 23 2016
Foreign majors receive India investment approval
Nippon Life, Sun Life, Aviva Life and AIA are among the large insurers to have won approval for Indian expansion.
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- March 23 2016
Tokio Marine Kiln names C&E underwriter in Asia
Based in Singapore, Jean-Francois Rossetto will underwrite construction and engineering risks in Asia.
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- March 22 2016
China suspends short-term insurance products
CIRC says insurance companies should not sell quasi-wealth management products purely for investment purposes.
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- March 22 2016
AIA to further invest in Asia-Pacific infrastructure projects
Chief executive Mark Tucker says the company is interested in boosting social and economic development in the region.
