News Page 1282 / 1289
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- April 23 2015
Compensation scheme for poor financial advice gets support in Australia
Draft legislation will provide compensation for customers found to be financially damaged by poor advice.
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- April 23 2015
Korea plans to allow insurers in combo stores
Combo stores allowed to provide all types of financial products under the FSC plan.
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- April 21 2015
Manulife launches financial advisory unit in Singapore
Products offered under financial advisory arm set to rise.
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- April 21 2015
Malaysia’s growing insurance industry to drive M&A
Under-capitalized insurers and takaful operators could be expected to seek strategic investors or alternative capital.
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- April 21 2015
Taiwan’s Cathay Financial enters Philippine banking sector
Cathay Life Insurance Corp acquires 20% stake in Rizal Commercial Banking Corp for Php7.95bn (US$179m).
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- April 21 2015
Chinese insurers report double-digit profits
Growth partly attributed to large gains in ROI.
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- April 20 2015
Tokio Marine investing in real estate funds to avoid trouble
Japanese insurer hopes to increase its overseas property assets by about US$84m this year.
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- April 20 2015
IMF says Europe’s life insurers facing crisis
Required solvency standards at risk if interest rates remain low.
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- April 20 2015
India’s general insurance growth hits three-year low
Slump in auto sales and lack of new projects reasons for single digit growth.
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- April 20 2015
Lloyd’s of London eyes Islamic insurance market
Malaysia, Saudi Arabia and United Arab Emirates targeted for takaful.
