News Page 739 / 911
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- March 16 2017
Manulife wins first Investment Company WFOE licence in China
The approval will allow the company to provide private assets solutions in China's fast-growing asset management industry.
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- March 16 2017
Indonesia urges insurers to buy government securities
The Financial Services Authority says insurers should help offset the deficit in the state budget.
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- March 15 2017
Singapore’s general insurers hit hard in 2016
Domestic and external headwinds cut growth to a mere 0.6%, according to the General Insurance Association.
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- March 15 2017
Indonesia approves two new reinsurance brokers
The Financial Services Authority has issued operational licences to JLT Reinsurance Brokers and Inare Proteksi International.
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- March 15 2017
Foresea Life chairman resigns
Yao Zhenhua resigned after getting a 10-year prohibition order from China’s insurance regulator.
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- March 14 2017
AIA names Ng Keng Hooi new CEO
He will replace Mark Tucker, who is poised to become chairman of HSBC Holdings on September 1.
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- March 14 2017
Filipinos with microinsurance cover up 8% in Q4
Microinsurance, which offers coverage of P10,000 (US$200) to policyholders, continues to make waves in the Philippines.
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- March 13 2017
Allianz reshuffles management board
Long-standing CFO Dieter Wemmer will step down at the end of the year, sparking leadership changes.
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- March 13 2017
Hong Kong told to develop incentives for reinsurers
Insurers and brokers are moving their businesses to Singapore where economics of scale and tax benefits are preferable.
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- March 13 2017
Fewer nonlife firms in the Philippines expected this year
Numbers are expected to decline this year as the regulator imposes higher capital requirements for insurers.
