News Page 869 / 1044
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- March 27 2017
China’s first tech insurer to launch by 2020
Enterprises affiliated with the China Academy of Sciences are sponsoring the establishment of China’s first tech insurance company.
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- March 27 2017
China Life profit declines 45% in 2016
Chairman Yang Mingsheng said the performance was due to a decline in gross investment income.
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- March 27 2017
Chubb appoints Hong Kong life head
Michael Ho joins from Prudential as head of life insurance division Chubb Life in Hong Kong.
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- March 24 2017
Ping An profit up 15% in 2016
China’s biggest insurer reported strong performance in 2016 thanks to improved sales and a gain from restructuring.
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- March 24 2017
China orders insurers to submit bond transaction report
The move is part of the insurance regulator’s move to tighten scrutiny as it becomes increasingly alert to risks.
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- March 23 2017
XL Catlin names new cyber and TMT head
Former QBE executive James Tuplin will oversee cyber and professional indemnity for the tech and media sectors.
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- March 23 2017
India mulls 100% foreign investment in broking
The government is planning to raise the limit from the current 49% to fund more development in the sector.
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- March 23 2017
Disappointing results forecast for China’s big insurers
Analysts say the lacklustre year was due to fierce competition, depressed returns and reserves top-ups.
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- March 22 2017
Asia to lead insurance M&A in 2017
About 47% of insurers in the region intend to hunt for deals — more than double the rate in North America.
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- March 22 2017
Hong Kong Life sold for US$914m
First Origin International, a Hong Kong-based investment firm, has paid HK$7.1b for the city's 10th-biggest insurer.
