News Page 813 / 997
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- May 10 2017
Philippines raises investment limit for pre-need firms
According to the insurance commissioner, the investment threshold has been increased by 2% under the Pre-Need Code.
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- May 10 2017
CIRC tackles industry loopholes
China's insurance regulator wants to step up supervision of ownership structures and funding sources.
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- May 10 2017
Singapore’s life insurance coverage up by 10%
The encouraging first-quarter performance reflects the Lion City’s efforts to narrow the protection gap.
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- May 10 2017
AIG names Claudia Salem as Singapore CEO
Succeeding Matt Harris, she will also become head of country operations for South-East Asia.
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- May 9 2017
GIC Re names five banks for IPO
India's state-owned reinsurer has selected HSBC, Citi, Deutsche Bank, Kotak and Axis as bookrunners for its listing.
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- May 9 2017
Samsung Fire & Marine buys 20% of Vietnamese insurer
The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.
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- May 8 2017
Ping An hires former Citi banker to head fintech fund
Jonathan Larsen will lead a new US$1b investment fund and will also become chief innovation officer.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- May 8 2017
Chinese insurers urged to contribute to real economy
The measures are aimed at creating a sound policy environment for the insurance industry to serve the real economy.
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- May 8 2017
Global premiums outgrowing economy
Premiums are expected to grow 4.5% on average, both in 2017 and 2018, compared to 3% economic growth.
