News Page 808 / 1061
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- April 1 2018
Former Anbang chairman no longer contests charges
Wu Xiaohui appeared to change his stance and requested leniency in his closing statement.
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- April 1 2018
CBA eyes sale of Indonesian life insurance business
Commonwealth Life could be valued at up to US$250 million as the Aussie bank bids to free up capital.
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- March 29 2018
Fubon Life to become Hyundai Life’s largest shareholder
The Taiwanese life insurance company is set to take up the forfeited options of Hyundai Mobis.
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- March 29 2018
Three state-owned Indian insurers undergo merger review
National Insurance, United India Insurance and Oriental India Insurance will merger within the next six months.
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- March 29 2018
Anbang’s Wu Xiaohui goes on trial in China
The proceedings come a year after he was detained on accusations of fraudulently raising Rmb65bn.
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- March 28 2018
Goldman Sachs eyes Indian insurance acquisition
The Wall Street bank's private equity unit is reportedly in talks to buy a minority stake in Royal Sundaram.
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- March 27 2018
Malaysia to revise takaful framework
The new approach aims to create an environment that fosters innovation, according to the central bank.
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- March 27 2018
Willis Towers Watson expands Asia corporate business
Simon Weaver will oversee growth of the corporate risk and broking business across Asia and Australasia.
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- March 27 2018
Foreign majors seek ownership rule review in Malaysia
AIA, Great Eastern, Prudential and Tokio Marine say they are struggling to find suitable local partners.
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- March 27 2018
China’s low penetration an opportunity for global insurers
Manulife president and CEO Roy Gori sees great potential as the country rolls back foreign ownership caps.
