News Page 956 / 1106
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- November 21 2016
Zurich axes spending to boost profits
Savings of US$1.5b expected as the group embarks on a cost-cutting initiative under new CEO.
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- November 21 2016
Hanwha’s Vietnam strategy finally pays off
For the first time since launching in the country, the Korean insurer has posted a profit.
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- November 18 2016
Korean authorities brace for new accounting rule
The International Accounting Standards Board is setting a schedule for the introduction of IFRS 4 Phase II.
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- November 18 2016
Peak Re appoints head of life and health
Christopher Lee will oversee the company’s life and health reinsurance business, including medical.
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- November 18 2016
Future disasters to cost Vietnam $6.7b
About 60% of the country's land and 71% of its population are at risk of typhoons, tornadoes and floods.
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- November 18 2016
AIA eyes infrastructure investments in Indonesia
The country needs US$400b to fund projects until 2020, most of which will come from private investors.
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- November 17 2016
Taikang Life to buy NorthStar senior care assets
China's fifth-largest insurer by sales has agreed to pay US$1b for the more than 460 healthcare properties.
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- November 17 2016
AXA to strengthen general insurance presence in Korea
The French group says that it plans to pour in W25b (US$21.4m) into its Seoul-based subsidiary.
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- November 17 2016
Thailand drafting second phase of RBC framework
Changes lie ahead as the country's regulator prepares for a new risk-based capital framework.
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- November 16 2016
Allied World strengthens Asia casualty team
Two executives join from AIG, including Daphne Boon who comes on as head of general casualty for Asia.
