News Page 629 / 913
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- August 23 2018
Ping An profit up 34%
China’s second-largest insurer benefited from a spike in sales and improved efficiency from new technologies.
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- August 23 2018
HSBC to open insurance office in Shenzhen
The global banking giant seeks to expand its presence in China’s Greater Bay Area economic region.
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- August 22 2018
Korea’s life insurers post 6.7% net profit rise
Higher investment returns drove the strong result, according to the Financial Supervisory Service.
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- August 22 2018
Chubb makes senior leadership appointments for Hong Kong
Stanley Wong is named as the new country president for Hong Kong, Taiwan and Macau.
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- August 22 2018
Khazanah sells Turkish insurer to Bupa
The Malaysian sovereign wealth fund has sold Acibadem Sigorta for an undisclosed amount.
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- August 21 2018
Chubb establishes major accounts division in Asia Pacific
The division will encompass underwriting, risk engineering and claims for large clients in the region.
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- August 21 2018
China’s dip in premium income narrows
Life insurers, which constitute about 70% of total premium income, led the decline during the first half.
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- August 21 2018
Malaysia loosens divestment rule for foreign insurers
The central bank has said the deadline for compliance will be decided on a bilateral basis.
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- August 20 2018
Ping An forges JV with Grab in healthcare services push
The two companies aim to deliver online healthcare services across South-East Asia.
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- August 20 2018
Global losses from disasters down
Of the US$36bn total global economic losses in the first half, US$20bn were covered by insurance.
