News Page 1012 / 1119
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- May 9 2016
Global catastrophe losses hit five-year high in April
Losses from natural catastrophes and severe weather in the first four months of the year reached US$7.4b.
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- May 9 2016
Manulife seeks new partners in Asia
Manulife continues to look for suitable partners in Asia as sales in the region remain strong, the company has said.
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- May 9 2016
Indian insurers soon to invest in bank hybrid bonds
A senior official at IRDA has hinted of a change to the country's investment rules.
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- May 6 2016
Anbang’s aggression pays off with triple-digit income rise
Investment income for the Chinese insurer's life business grew by 110.9% last year, according to its latest results.
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- May 6 2016
SBI Life’s IPO now planned for next financial year
Preparations will start by September and the formal announcement could be made by next March.
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- May 6 2016
AIA bullish on the Philippines
The CEO of its joint venture in the country cited low penetration and the expanding middle class as substantial opportunities.
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- May 6 2016
Malaysia seeks cover for retrenched workers
The government has proposed a scheme that will aim to help workers who have lost their jobs.
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- May 5 2016
Aviva raises stake in Indian JV to 49%
The British insurer paid US$141m to buy an additional 23% stake in its JV from Dabur Invest Corp.
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- May 5 2016
China warns against unregistered online insurers
CIRC says insurance-style schemes operated by unregistered online firms may lack financial stability.
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- May 5 2016
Japanese insurers’ US M&A spree set to continue
Dealmakers say they expect activity to top more than the US$18 billion they spent in the US last year.
