News Page 849 / 1122
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- July 5 2018
Zurich extends flood resilience alliance until 2023
The multi-sector alliance aims to generate US$1bn in additional funding for flood resilience.
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- July 4 2018
AIA Cambodia and Amret sign bancassurance deal
The agreement was signed in time for the inauguration of Amret’s new headquarters in Phnom Penh.
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- July 4 2018
Israeli insurer Phoenix calls off deal with China’s Sirius
The cancellation of the deal came after the Chinese insurer failed to secure regulatory approval.
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- July 4 2018
Insurers to protect world heritage sites
The commitment was made in partnership with the WWF and the Unesco World Heritage Centre
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- July 4 2018
China Re and Zhong An invest in blockchain
China Re and Zhong An have already completed a proof of concept to test areas including contracts, documents and claims.
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- July 3 2018
CBIRC publishes foreign-ownership rules
The rules allow foreign insurers and loss adjusters to operate on a level footing with domestic companies.
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- July 3 2018
AIA completes deal for CBA’s NZ life insurance business
The net cash outlay by AIA is expected to be less than US$500m after the reinsurance arrangement.
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- July 3 2018
McLarens expands in Asia with Malaysian office
Veknesh Subramaniam will head the new Malaysian operation and assumes the title of general manager.
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- July 3 2018
Malaysian insurers look for support from new government
The country’s life insurers are hopeful that the industry will continue to be supported.
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- July 2 2018
Foreign divestments in Malaysia at advanced stage
Foreign insurance companies technically had until June 30 to comply with the foreign ownership cap.
