Industry Segments: Legal/Regulatory Page 33 / 86
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- November 25 2019
ANZ and Westpac are latest bank majors to be hit with CCI lawsuits
Class action suits follow NAB’s settlement of US$33.7m over junk insurance policies.
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- November 15 2019
Bitter-sweet year for HK’s IA
Hong Kong’s independent regulator has had a bumpy ride.
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- November 12 2019
Tower’s CEO says New Zealanders’ don’t trust carriers
New Zealand's Reserve Bank to conduct a review of the Insurance Act next year.
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- November 11 2019
Lloyd’s to merge Council and Franchise Board
The move to simplify the governing structure will happen next June.
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- November 6 2019
Chinese authorities in Anbang sale talks: report
The troubled insurer is understood to be in discussions with several potential investors.
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- November 6 2019
Hong Kong’s CIB updates role during IA transition
The broker body is drafting a new memorandum and articles of association.
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- October 23 2019
Bracing for the IFRS 17 marathon
Rising costs, reinsurance contracts and calls for a further delay, are just some of the complications.
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- October 23 2019
Prudential and M&G complete demerger
Prudential will now focus on an Asia-led portfolio of business.
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- October 23 2019
Slater and Gordon settles Watchstone claim
The long protracted legal dispute finished before the trial.
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- October 18 2019
China liberalises
The State Council has scrapped foreign shareholding limits for banks and insurers, effective immediately.
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- October 11 2019
Thai regulator needs teeth
The OIC should be given more independence, says the IMF in its latest assessment.
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- October 11 2019
South Korea’s FSC to delay IFRS17
The country's regulatory body will delay by one year the adoption of the new global accounting standards.
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- October 10 2019
Winnie Wong leads Asia Insurance’s diversification
The Hong Kong insurer has teamed up with the founder of Hillhouse Capital.
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- October 8 2019
Malaysia’s fire detariffication set for delay: report
The long awaited reform is still being scrutinised by the regulator.
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- October 8 2019
Australia’s Reserve Bank warns on profits and climate
A financial stability review has raised concerns for the life market and about climate change.
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- October 7 2019
Criminal charges pressed against CBA subsidiary
CommInsure is facing 87 charges related to the selling of life policies in 2014.
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- September 27 2019
MoU signed between regulators OIC and MAS
Thailand and Singapore commit to collaboration on industry supervision.
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- September 26 2019
Global groups request another IFRS 17 delay
Insurers worldwide seek more time to implement the already-postponed adoption of IFRS 17.
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- September 23 2019
Hong Kong’s IA publishes broker registry
The move comes as the Insurance Authority takes over regulatory duties.
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- September 20 2019
RFIB granted Hong Kong authorisation
The (re)insurance broker will have its full team in place by the end of October.
