News Page 1050 / 1196
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- November 2 2016
India requires reinsurance applicants to bring in capital
IRDA moves closer to final approval with a capital request of Rs5 billion (US$75 million) each.
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- November 2 2016
Korean life insurers cut workforce amid profit decline
The layoffs are primarily geared toward cutting costs in an environment of low interest rates.
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- November 1 2016
Allianz Malaysia approved to buy HSBC Amanah Takaful
Negotiations between all parties are expected to be concluded within the next six months.
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- November 1 2016
Metlife to exit Indian insurance venture
The US insurer will sell its 26% stake in PNB Metlife to focus on challenges in its home market.
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- October 31 2016
Private health insurance continues apace in China
China’s private healthcare insurance market is developing at a staggering pace.
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- October 31 2016
Challenger enters Japanese market
It will sell Aussie dollar annuities through a deal with Mitsui Sumitomo Primary Life Insurance.
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- October 31 2016
Ping An Insurance’s 3Q profit up 15%
The company recorded a 15% increase in its net profit for the third quarter on the back of strong insurance sales.
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- October 28 2016
Zurich eyes bancassurance growth in Indonesia
More growth in bancassurance business is expected as Zurich Topas Life partners with Bank CTBC Indonesia.
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- October 28 2016
AIG raises property terror insurance limit to US$1 billion
The increased capacity, up from US$250m, is available on a standalone basis or as part of its Large Limits offering.
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- October 28 2016
Asahi Mutual Life to focus on overseas infrastructure
The Japanese insurer is moving away from domestic bonds to invest in overseas projects for the first time.