News Page 907 / 1101
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- June 29 2017
Korean firms must raise capital reserves by year end
Capital reserves will be gradually raised starting this year-end, the financial regulator recently announced.
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- June 29 2017
Prudential’s Eastspring invests US$500m in IFC infrastructure fund
The asset management unit is the first Asian investor to participate in the programme, known as MCPP Infrastructure.
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- June 28 2017
Axa Hong Kong appoints new CEO
Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.
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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 28 2017
Outlook on China’s life market remains negative
Profitability and capitalisation are expected to weaken, according to Moody's Investors Service.
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- June 27 2017
Cyber coverage surges in Japan as attacks rise
Mitsui Sumitomo said its cyber insurance policy sales have increased by 250%.
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- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
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- June 27 2017
Hong Kong’s Insurance Authority takes the reins
The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.
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- June 26 2017
Malaysian insurers to develop digital platform
The deal will set the foundation for a full-service life insurance and takaful aggregator portal.
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- June 26 2017
China launches catastrophe insurance research centre
The centre will be the country's first research institution focusing on major disasters.
