News Page 823 / 911
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- February 22 2016
PE firm to sell ING Life Korea for US$1.63bn
MBK Partners has reportedly attracted interest from Hanwha Life Insurance and Kyobo Life Insurance.
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- February 22 2016
Japan Post Insurance to raise investment in foreign debt
The plan is part of an effort to boost returns following the central bank's introduction of negative interest rates.
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- February 22 2016
Zhong An aiming to raise US$2bn in local IPO
The insurance company backed by Alibaba's financial services affiliate is expected to list in Shanghai.
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- February 19 2016
Thai life firms bullish on higher growth in 2016
The Thai Life Assurance Association forecasts that GDP growth will help boost premium income by 9%.
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- February 19 2016
XL Catlin hires political risk and trade credit underwriter from ACR
Based in Singapore, Lim Mei Yean will add to the firm's underwriting capabilities in the Asia-Pacific region.
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- February 19 2016
Indonesia’s takaful accounts for 6.2% of insurance market
Sharia insurance products now account for 6.2% of the country's market by gross written premiums.
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- February 18 2016
K-Sure to provide US$160bn trade insurance in 2016
The announcement comes at a time when Korea's all-important exports have been faltering.
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- February 18 2016
Philippines approves Allianz-PNB bancassurance deal
The Philippines Insurance Commission has approved the 15-year deal to create Allianz PNB Life Insurance.
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- February 18 2016
Taiwanese majors suffer earnings plunge in January
Life firms reported a 40% decline in earnings after a brutal downturn on Taiwan's stock market.
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- February 18 2016
Fosun cancels US$462m acquisition of Israeli insurer
The Chinese company says that conditions in global markets forced it to terminate the acquisition.
