News Page 1108 / 1314
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- August 28 2017
Investment income lifts China Life profits
Net income rose by 17.8% in the first six months of the year, driven by an 11.45% investment return.
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- August 28 2017
China Life, Baidu to raise US$1bn for tech investments
The two companies will partner in a private equity fund targeting middle to later stage companies.
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- August 28 2017
Philippine brokerage activities show modest hike
Premium income reached US$994m in 2016, representing an increase of 2.46% from 2015.
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- August 25 2017
Anbang Life’s credit rating lowered
A Chinese rating agency has downgraded the insurer three months after CIRC curtailed its operations.
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- August 25 2017
JLT and Munich Re launch Philippines parametric product
The two companies will jointly develop and offer an insurance solution to cover typhoon risks.
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- August 25 2017
Mitsui Sumitomo to buy Singapore’s First Capital
The deal will see it pay US$1.6bn to the existing owner, Canada's Fairfax Financial Holdings.
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- August 24 2017
Tokio Marine & Nichido Fire enters Cambodian market
The Japanese insurer has established a representative office in the capital Phnom Penh and will start operations year end.
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- August 24 2017
Lazada, AIG forge online cover deal in Malaysia
South-East Asia's biggest e-commerce platform has teamed up with AIG to sell insurance on its platform.
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- August 23 2017
Chubb names new Singapore financial lines head
Johannes Gschossmann will lead day-to-day management of the portfolio, including all underwriting and market-related activities.
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- August 23 2017
Philippines social security seeks private insurers
The state-run programme is planning to tap private companies to insure 35 million of its members.
