News Page 786 / 998
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- September 21 2017
AIA denies Korea exit rumours
Group CEO Ng Keng Hooi says the company is in fact considering additional funding to comply with IFRS 17.
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- September 20 2017
Foreign insurers rush to meet Malaysia ownership cap
Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.
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- September 20 2017
Malaysia’s central bank approves Axa Affin share sale
Affin Holdings has been given the green light to acquire a 7.07% equity interest in AXA Affin General Insurance.
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- September 20 2017
China to heighten insurance scrutiny
Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.
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- September 19 2017
Mounting debt forces Hyundai Life to cut workforce
The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.
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- September 19 2017
Chinese life firms urged to diversify products
A senior official at CIRC wants insurers to innovate and offer more than just short-term life products.
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- September 19 2017
ZhongAn eyes HK expansion after IPO
The company is looking to sell life insurance and other healthcare products in the territory after it lists on HKEx.
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- September 18 2017
India’s life insurers record 23% growth in first-year premium
The state-run Life Insurance Corporation remained the leader among the country’s life insurers.
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- September 18 2017
AIA set to buy Commonwealth Bank’s life assets
The Asian insurance group has become favourite to buy the unit in a deal said to be worth more than US$4bn.
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- September 18 2017
ZhongAn seeks US$11bn valuation in HK IPO
China's first internet-only insurer is selling a 15% stake that will see it raise US$1.5bn if the deal materialises.
