News Page 834 / 997
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- January 27 2017
Samsung Life’s 2016 net profits hit US$1.83bn
However, excluding a one-time profit, actual net profits slightly declined from a year earlier.
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- January 27 2017
China introduces new agri insurance subsidies
The new measures will better evaluate performance the subsidies, the Ministry of Finance said.
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- January 26 2017
Intesa SanPaolo in tie up opportunities with Generali
A tie-up between the two companies would create Italy's largest financial conglomerate.
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- January 26 2017
China limits insurers’ stock investments to 20%
Chinese insurers will be restricted from buying listed firms or partnering with non-insurance parties.
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- January 26 2017
Nippon Life to venture into project finance
With some Japanese government bonds paying negative yields, insurers are exploring new ideas.
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- January 25 2017
New ILO rules make seafarers’ insurance mandatory
Ship owners are now required to have insurance to cover claims for death or long-term disability.
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- January 25 2017
Thailand’s SCB Life up for sale
The process to sell a 49% stake stalled last year after changes in foreign shareholder rules.
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- January 25 2017
Swiss Re to open Mumbai branch on February 1
India's regulator has approved the Swiss reinsurer’s application for a composite branch licence.
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- January 24 2017
Generali appoints Asia head
Roberto Leonardi will be responsible for managing the P&C and life insurance businesses in Asia.
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- January 24 2017
Slump in China’s life premiums expected this year
The regulator's crackdown and a decline in insurers' investment returns could cause a fall.
