News Page 1208 / 1223
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- May 26 2015
India now requires promoter to hold 26% in insurance firm
Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.
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- May 26 2015
Japan’s earthquake insurance premiums set to rise
Premium increase to be implemented in stages by 20% to 30% on average.
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- May 26 2015
Hong Kong tops table of health insurance premiums among expats
High cost of living, rising healthcare costs, and high volume of plans purchased attributed, according to a report.
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- May 25 2015
Swiss Re completes acquisition of RSA’s China business
World's second biggest reinsurer pays GBP71m (US$111m) to acquire Sun Alliance Insurance.
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- May 25 2015
Asia-Pacific to drive world insurance growth by 2020 – Munich Re
Report states that five of the top 10 primary growth markets will be based in Asia.
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- May 25 2015
South Korea’s Mirae Asset Life eyes US$460m in IPO
Mirae will sell 5.4 million existing shares and issue 40 million new shares for the IPO.
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- May 25 2015
Greenstone targets US$984m in Australia IPO
Australian life Insurance distributor plans a 16 June listing.
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- May 25 2015
Vietnam amends social insurance law following workers’ strike
National Assembly votes to overturn a provision of the social insurance law.
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- May 21 2015
India’s general insurance industry sets US$15bn premium target this year
Increase in third-party motor premiums and fire and property premiums seen as factors.
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- May 21 2015
New insurance law in Vietnam creates confusion
Complex rule has prompted some 1.2 million people to opt out of medical insurance.
