News Page 842 / 1122
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- August 6 2018
Fubon Life fined for inadequate documentation
Poor record keeping of company business practices has resulted in fines of US$411,000 by the FSC.
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- August 6 2018
AIG profit down 17%
Issues within its general insurance business weighed on the profit of AIG during the second quarter.
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- August 6 2018
Online insurance set for dramatic growth in India
The sector is expected to grow to US$8.7bn over the next five years, according to RenewBuy CEO.
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- August 3 2018
India’s cabinet approves IDBI-LIC stake deal
Life Insurance Corporation will buy a 51% controlling stake in the debt-laden IDBI Bank.
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- August 3 2018
Labuan IBFC eyes further growth in captive business
The centre has already approved another four captives this year, compared to six in the last financial year.
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- August 3 2018
Aviva records 28% growth in new business in Asia
The result for the first half of the year was driven primarily by robust growth in Singapore.
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- August 3 2018
Stable outlook for China’s P&C insurers amid crackdown
The outlook is underpinned by regulatory measures that protect the industry from intensified motor insurance competition.
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- August 2 2018
M&A rises again in first half of 2018, led by Asia
Activity rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017.
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- August 2 2018
FWD hires Robert Schimek as group COO
Schimek was most recently chief executive of AIG’s global commercial insurance business.
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- August 2 2018
China’s motor premium deregulation squeezes insurer margins
Fitch forecasts weaker underwriting margins due to deterioration in the claim ratio from the motor segment.
