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- September 22 2017
Macau insurers peg typhoon losses at US$362.5m
Typhoon Hato, which struck the casino city in August, caused economic losses of US$1.4bn.
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- September 22 2017
AIA pays A$3.8 billion for CBA life unit
The Asian insurance giant has acquired Australia's CommInsure Life and New Zealand's Sovereign.
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- September 22 2017
Hong Kong explores blockchain bancassurance project
China Construction Bank and IBM are aiming to streamline transaction processing and enhance service delivery.
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- September 22 2017
Debt-to-equity swaps open to Chinese insurers
Insurance funds may soon be granted permission to join in debt-to-equity swaps of distressed firms.
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- September 21 2017
Willis appoints insurance consulting head for HK, Taiwan
Albert Li has been named as head of the insurance consulting and technology business.
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- September 21 2017
AIA denies Korea exit rumours
Group CEO Ng Keng Hooi says the company is in fact considering additional funding to comply with IFRS 17.
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- September 20 2017
Foreign insurers rush to meet Malaysia ownership cap
Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.
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- September 20 2017
Malaysia’s central bank approves Axa Affin share sale
Affin Holdings has been given the green light to acquire a 7.07% equity interest in AXA Affin General Insurance.
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- September 20 2017
China to heighten insurance scrutiny
Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.
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- September 19 2017
Mounting debt forces Hyundai Life to cut workforce
The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.
