News Page 1018 / 1028
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- May 6 2015
Malaysia’s Tune Ins to buy controlling stake in Indonesian insurer
Acquisition in line to expand insurance business to other markets in Southeast Asia.
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- May 6 2015
After Nepal quake, Indian insurers seek mandatory building code
Authorities asked to make earthquake-resistant construction codes mandatory.
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- May 6 2015
Job cuts loom after Allianz Australia takes over TIO
The sale of TIO’s insurance arm to Allianz was approved by the Australian parliament.
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- May 6 2015
Manulife to open 18 branches in the Philippines, eyes raising market share
10 branches to be opened this year and a further eight scheduled in 2016.
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- May 5 2015
10 South Korean life insurance firms offering poorly written contracts
Contracts assessed based on clarity, brevity and comprehensibility.
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- May 5 2015
Bangladesh insurers seek withdrawal of insurance policy tax
Gains from life insurance policies urged to be withdrawn.
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- May 5 2015
Japan mulls mandatory insurance for drone operators
Seen as part of the overall plan to regulate drone operations in the country.
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- May 5 2015
Peak Re makes good underwriting progress in 2014
After-tax profits came in at US$42 million.
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- May 4 2015
Prudential names Mike Wells as new CEO
29 year veteran succeeds Tidjane Thiam, from 1 June.
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- May 4 2015
Fosun strikes US$1.8bn deal with US insurer Ironshore
Fosun already owns 20% of the casualty and property insurer, which it bought in August 2014 for US$464m.
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