News Page 1216 / 1219
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- April 8 2015
Bank Rakyat Indonesia to acquire local life insurance company
Bank to allocate approximately USD232 million to fund its planned acquisitions.
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- April 8 2015
Vietnam insurer to sell shares to foreign strategic investors
Company to also open two seats on its managing board for investors.
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- April 8 2015
Islamic insurance leaders to meet in Dubai to discuss challenges
Takaful industry facing a number of challenges as well as increasing appetite for shariah-compliant products.
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- April 7 2015
Taiwanese insurers face higher risks as forex holdings rise
Local insurance firms have minimal margins to absorb unfavorable foreign fluctuations.
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- April 7 2015
Malaysia’s life insurance industry to grow up to 10% in 2015
Government has set a target of at least 75% of insurance coverage for Malaysians by 2020.
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- April 3 2015
Pakistan raises minimum capital requirements
According to the SECP, raising the minimum paid-up capital requirements for insurers is an attempt to strengthen the country's insurance sector.
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- April 3 2015
Generali names Jack Howell as Asia head
Howell will be responsible for Generali's activities in 10 Asian markets, succeeding Sergio Di Caro, who was been appointed head of Generali Employee Benefits.
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- April 3 2015
Japan starts cover for tankers carrying Iranian oil
The threat of continued sanctions has prompted the Japanese government to provide insurance cover for local shipping companies bringing oil from Iran.
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- April 3 2015
Bangladesh allocates $200m to reform insurance sector
The country's insurance regulator is being tasked with modernising and professionalising the industry.
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- April 2 2015
AIG unloads $500m stake in China’s PICC
America's biggest commercial insurer cuts its stake in PICC Property & Casualty to 8.2% as it seeks to raise funds.
