News Page 989 / 1029
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- August 25 2015
Ping An sees overseas M&A hitting US$7.8bn for 2015
China's second-largest insurer continues to boost its overseas assets as home market falters.
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- August 25 2015
Tianjin blast losses still difficult to estimate, says AM Best
Despite publicised estimates, residents within 3km of the blast site are yet to be assessed.
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- August 24 2015
Bank of China buys majority stake in Samsung life unit
The Chinese lender has paid US$200m for a 51% stake in Samsung Air China Life Insurance.
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- August 24 2015
LIC to introduce India’s first unit-linked insurance plan
LIC has said that it plans to sell around 100,000 of the new policies within one month.
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- August 24 2015
IAG seeks bigger China presence after profit drop
A 41% drop in full-year net profit has prompted a strategic review for the Australian insurer.
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- August 24 2015
Ping An Insurance posts 62% profit rise
First-half profits were boosted by gains from stock investments and life insurance products.
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- August 21 2015
Four Chinese firms bid for Israel’s Clal Insurance
Four Chinese groups have submitted bids to buy control of Israel's second-biggest insurer.
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- August 21 2015
Taiwan’s insurance penetration is world’s highest
Taiwanese insurance revenues as a share of GDP are the highest in the world, at a record 18.9%.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 20 2015
Asia’s windstorm losses to rise dramatically
Rising wealth and growing populations in coastal areas are creating a perfect storm, says Allianz unit.
