Industry Segments: Asset Management Page 14 / 25
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- January 16 2017
Premium income up 29% in China
The country's insurers earned US$449.4bn from premiums in 2016, according to CIRC.
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- January 11 2017
New York Life unit buys stake in India’s Max Ventures
The largest mutual life insurance company in the US has bought a 22.51% stake for US$17.7m.
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- January 5 2017
Korea will make fourth attempt at KDB Life sale
Sources say that KDB has extended the maturities of two funds created to look for a new buyer.
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- December 19 2016
China warns insurers on failed self-inspections
CIRC has warned 10 companies that failed to properly undertake self-inspections on their risk levels.
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- December 9 2016
Insurers failing on climate risk
The sluggish response toward climate risk has left an annual US$100 billion gap of uninsured losses.
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- December 5 2016
Indonesia’s Jiwasraya eyes capturing younger market
The government-owned insurer looks to tap the younger market in its plan of digitalising its distribution and sales.
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- December 2 2016
Mainlanders’ spending on HK insurance doubles
A total of US$6.3b was spent on Hong Kong insurance products during the first nine months of the year.
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- November 29 2016
Taiwan life firms post decline in earnings
Aggregate earnings dropped by NT$46.2b (US$1.45b) to NT$95.9b during the first 10 months of the year.
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- November 25 2016
Mitsui Sumitomo to offer cover for bitcoin losses
Developed with bitcoin exchange operator bitFlyer, the product aims to protect both exchanges and their customers.
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- November 24 2016
China’s insurance regulator to get strict on trading habits
CIRC will beef up scrutiny after an insurer was recently found to be engaging in “rat trading”.
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- November 23 2016
Anbang eyes US$2.3bn Japanese property acquisition
The China-based insurer is now in talks with Blackstone to buy the residential property assets.
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- November 23 2016
AIG loses on Fuji Life, gains on Seoul finance centre
The expected US$30m loss on the Fuji sale will be cushioned by a deal to sell the Seoul IFC.
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- November 21 2016
Taiwan insurers urged to buy long-term debt
The regulator's call comes at a time when the government's bond sales are struggling.
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- November 21 2016
HNA quits Taiwan venture to launch own unit
The Chinese conglomerate is dropping its money-losing venture with Shin Kong Life.
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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 7 2016
Japan not tapping full potential of its captive market
As cross-shareholdings in corporate Japan weaken, the role of captives could be set to rise.
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- November 3 2016
Profit drop eases for China’s insurers
Lower yields on insurance funds dragged down the profits of China's insurance firms in the first nine months.
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- October 31 2016
Challenger enters Japanese market
It will sell Aussie dollar annuities through a deal with Mitsui Sumitomo Primary Life Insurance.
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- October 28 2016
Asahi Mutual Life to focus on overseas infrastructure
The Japanese insurer is moving away from domestic bonds to invest in overseas projects for the first time.
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- October 24 2016
Korean insurers urged to improve risk controls
With global uncertainties such as protracted low interest rates, new measures are needed.
