News Page 897 / 996
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- April 6 2016
Pacific Life Re to open branch in Korea
The Financial Services Commission has approved the US-based reinsurer's application to do business in the country.
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- April 5 2016
Chinese investors’ interest in Australian insurers grows
M&A activity involving Chinese firms and Australian insurers is expected to rise this year, according to global law firm Clyde & Co.
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- April 5 2016
Australia’s Honan enters Malaysia
The Australian owned and operated broking company has entered a strategic relationship with local broker Hayat.
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- April 5 2016
ICICI sells Lombard stake to JV partner Fairfax
The Indian bank sold the 9% stake in its insurance subsidiary for US$234m or five times book value.
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- April 4 2016
Lloyd’s to apply for Indian reinsurance branch
Application for onshore branch follows IRDAI’s recent publication of the regulations governing the Lloyd’s market.
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- April 4 2016
India approves 49% insurance FDI under automatic route
Reserve Bank of India decision intended to attract more overseas investment from the insurance sector.
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- April 4 2016
Philippine premium income up 18.71% in 2015
Total premium income reached US$4.86 billion last year.
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- April 4 2016
Malaysia’s insurance, takaful sectors expect only moderate growth
Uncertainties in the financial markets and a challenging landscape seen as factors
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- April 1 2016
Global disasters cost US$92bn in 2015
Swiss Re says the costs of natural and man-made disasters last year were lower than the US$113 billion in 2014.
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- April 1 2016
Chinese insurers to reduce exposure to equities
Fragile markets have prompted Chinese insurers to express caution in capital market investments this year.
