News Page 862 / 1042
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- April 21 2017
Kyobo Life joins Korea’s insurance blockchain project
The project will develop and implement an automatic payment system for small claims to policyholders.
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- April 20 2017
Japanese insurers boost project financing
Companies such as Nippon Life are now crafting their own lending teams and adding significant liquidity to the market.
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- April 20 2017
Swiss Re to set up Asia headquarters in Singapore
The reinsurer intends to establish a new entity that will serve as its headquarters for regional reinsurance operations.
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- April 20 2017
High dividends draw investors to ING Life’s US$1.2bn IPO
The listing, which will be Korea’s second-largest IPO so far this year, is scheduled for the second week of May.
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- April 20 2017
FWD in talks to buy SCB life insurance unit
The potential US$3bn deal would be the largest insurance M&A transaction in South-East Asia.
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- April 19 2017
HK suppresses data on mainlanders’ insurance purchases
Hong Kong’s insurance regulator has stopped releasing the figures “to avoid the public misinterpreting the statistics”.
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- April 19 2017
China’s top insurance regulator sacked
Xiang Junbo has been removed from his position over suspicions of committing disciplinary violations.
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- April 19 2017
Fukoku Mutual Life to invest US$5bn in riskier assets
The Japanese insurer has announced plans to invest in higher-yielding foreign corporate debt and equities.
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- April 18 2017
China’s Union Life secures US$100m investment from IFC
The injection is expected to introduce overseas investment opportunities to help diversify its portfolio.
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- April 18 2017
Anbang’s US$1.6bn Fidelity deal collapses
The Chinese insurer has failed to secure the required regulatory approvals to acquire Fidelity & Guaranty Life.
