News Page 1098 / 1195
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- March 30 2016
Anbang sweetens Starwood bid to US$15bn
Anbang has raised its offer in its latest challenge to Marriott International's bid to acquire the US hotel operator.
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- March 30 2016
China to beef up Inner Mongolia’s insurance industry
CIRC has sealed a memorandum of cooperation to help the region improve its insurance industry.
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- March 30 2016
Three China insurers post double-digit growth in 2015
Net profits at China Pacific, PICC and PICC P&C soared in part due to a surge in demand for asset management products.
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- March 30 2016
Indonesian life insurers bullish on 2016 premium growth
Despite a weak local economy, life premiums are forecast to grow by about 15% — more than double last year's rate.
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- March 29 2016
Japan amends tax treatment of premiums for D&O
D&O liability insurance will no longer be treated as income under a new tax treatment policy.
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- March 29 2016
Korea’s NHIS adding more investment products
The addition of more dividend-paying products to its investment portfolio is intended to boost returns.
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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.
