News Page 902 / 1085
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- May 10 2017
AIG names Claudia Salem as Singapore CEO
Succeeding Matt Harris, she will also become head of country operations for South-East Asia.
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- May 9 2017
GIC Re names five banks for IPO
India's state-owned reinsurer has selected HSBC, Citi, Deutsche Bank, Kotak and Axis as bookrunners for its listing.
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- May 9 2017
Samsung Fire & Marine buys 20% of Vietnamese insurer
The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.
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- May 8 2017
Ping An hires former Citi banker to head fintech fund
Jonathan Larsen will lead a new US$1b investment fund and will also become chief innovation officer.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- May 8 2017
Chinese insurers urged to contribute to real economy
The measures are aimed at creating a sound policy environment for the insurance industry to serve the real economy.
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- May 8 2017
Global premiums outgrowing economy
Premiums are expected to grow 4.5% on average, both in 2017 and 2018, compared to 3% economic growth.
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- May 5 2017
Premiums in China up by a third
However, the pace of growth was lower than the 42% recorded for the same period in 2016.
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- May 5 2017
Two new life insurers enter Cambodia
Bangkok Life Assurance launched operations this week, while AIA is set to debut today.
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- May 5 2017
Swiss Re reports net income of US$656m
The results were affected by expected insurance claims in the aftermath of Cyclone Debbie.
