News Page 707 / 911
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- August 18 2017
Cigna raises stake in India JV
An application with the regulator will increase its stake in the joint venture with TTK to 49% from 26%.
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- August 18 2017
Foreign insurers in Malaysia pressured to trim shareholdings
Four companies have until the end of this month to reduce their holdings and divest to local partners in line with new regulations.
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- August 18 2017
Allianz posts strong earnings growth in Asia
First-half results for the Asia business showed total revenues up 40% to €2.9bn and operating profit up 12% to €150m.
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- August 18 2017
QBE puts emerging markets business under review
Operations in Thailand and Colombia face closure after poor results led investors to question strategy.
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- August 17 2017
AIG selling US$2bn life settlements portfolio
The insurer is reportedly working with investment bankers from Goldman Sachs to unload the assets.
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- August 17 2017
Euler Hermes names senior executives to lead expansion
The trade credit insurer has appointed Clemens Philippi as CEO for Asean and Benoit Ganzmann as CEO for China.
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- August 17 2017
Harness captives responsibly, says Bank Negara governor
Muhammad Ibrahim said captives must be seen as supporting and contributing to broader economic transformation and growth.
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- August 16 2017
Korean insurers post 28.3% profit rise
Results for the first half of this year reflect robust dividend income growth and a drop in the loss ratio, said the FSS.
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- August 16 2017
Axa appoints new CEO for Singapore unit
Jean Drouffe takes over the reins from Doina Palici-Chebab, who has been promoted to the position of interim regional CEO of AXA Asia.
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- August 16 2017
MS&AD to spend US$401m for stake in Challenger
The Japanese group will acquire a 6%-plus interest in the leading player in Australia's superannuation industry.
