Industry Segments: Asset Management Page 10 / 25
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- August 25 2017
Anbang Life’s credit rating lowered
A Chinese rating agency has downgraded the insurer three months after CIRC curtailed its operations.
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- August 18 2017
QBE puts emerging markets business under review
Operations in Thailand and Colombia face closure after poor results led investors to question strategy.
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- August 17 2017
AIG selling US$2bn life settlements portfolio
The insurer is reportedly working with investment bankers from Goldman Sachs to unload the assets.
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- August 16 2017
Korean insurers post 28.3% profit rise
Results for the first half of this year reflect robust dividend income growth and a drop in the loss ratio, said the FSS.
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- August 16 2017
MS&AD to spend US$401m for stake in Challenger
The Japanese group will acquire a 6%-plus interest in the leading player in Australia's superannuation industry.
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- August 14 2017
Samsung Life posts 26% profit growth
The insurer added that its value of new business was W598.3 billion, up 6.5% over the same period.
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- August 7 2017
Korean non-life insurers pressure to cut premiums
The big non-life firms raked in higher profits, but this has led to pressure on pricing.
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- August 4 2017
China insurers’ profits up 10% in H1
Industry players raked in Rmb116.1bn during the first six months of the year.
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- August 1 2017
Asian insurers step up hedge fund allocations
Investment accounted for 8% of the total capital placed with hedge funds in the region.
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- July 28 2017
Japanese life majors to cut foreign bond investment
Limited yields and yen risks have prompted a loss of appetite for overseas bond investments this year.
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- July 20 2017
Aviva to sell Friends Provident for US$443m
It has agreed to sell the business to RL360 Holding Company, a unit of International Financial Group, to free up capital.
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- July 19 2017
Prudential Financial enters Indonesian life market
The US-based insurer has bought a 49% stake in Asuransi Jiwa Mega Indonesia, a subsidiary of CT Corp.
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- July 17 2017
Manulife considers selling US unit in Asia refocus
The Canadian insurer is reportedly toying with the idea of divesting its Boston-based John Hancock Financial Services division.
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- July 14 2017
Is the end of QE in sight?
The point may be nearing where even the BoJ starts to retreat from QE, setting yields on a higher course globally.
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- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
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- July 13 2017
Korean insurers forecast to exceed 2016 performance
Higher interest rates and improved auto insurance business are expected to propel the industry.
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- July 13 2017
Ping An eyes fintech, healthcare assets abroad
China’s largest insurer by market value is on the hunt for assets in the US, Israel and Singapore.
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- July 7 2017
Guaranteed to end badly?
Insurers in Asia are taking ever bigger risks to meet increasingly unrealistic guaranteed returns promised to policyholders.
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- July 6 2017
China to develop commercial pension insurance
The government will fast-track the development of the new system, according to a State Council guideline.
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- July 5 2017
Investment return gap among Asia Pacific insurers widens
There is a widening gap between investment returns and meeting customer promises, according to a survey by Standard Life Investments.
