Industry Segments: Legal/Regulatory Page 42 / 86
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- April 24 2018
Malaysia’s KWAP set to close insurance acquisition
The retirement fund's chief executive said the fund is currently talking with two foreign insurers.
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- April 23 2018
Talanx to up stake in PetroVietnam Insurance
A unit of the German company plans to raise its ownership in the state-owned insurer to at least 49%.
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- April 23 2018
Korean insurers face weakening financial health
A rise in interest rates and dividend payouts took its toll on available capital in the fourth quarter of last year.
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- April 20 2018
Malaysia first
Foreign insurers have until the end of June to cut their ownership to 70%, but local buyers are scarce.
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- April 19 2018
India’s insurance regulator may have new chief in May
Life Insurance Corporation's VK Sharma and New India Assurance's G Srinivasan seen as top contenders.
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- April 18 2018
JD.com to buy one-third of Allianz China General Insurance
The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.
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- April 17 2018
No alternatives, Malaysia tells foreign insurers
They will have to fulfil their commitment to sell 30% of their operations to local shareholders by June 30.
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- April 16 2018
Anbang seeks advice on potential divestments
The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.
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- April 13 2018
China to relax foreign ownership in life sector from June
Limits in joint venture life insurance companies will be raised to 51% this year and removed in three years.
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- April 13 2018
India’s general insurers book 17% direct premium growth
Private sector general insurers recorded even stronger growth of 21.6% during the financial year just ended.
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- April 12 2018
Prudential to increase investment in China
The company is aiming to boost its product coverage and sales distribution in the country.
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- April 11 2018
China to speed up insurance industry opening
President Xi Jinping said the country will accelerate liberalisation and significantly broaden market access.
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- April 9 2018
India’s public-sector merger put off to next year
The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.
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- April 6 2018
Farglory Life fined over corporate governance breach
Taiwan’s regulator has imposed the penalty for corporate governance breaches on a series of real estate projects.
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- April 5 2018
China injects US$9.7bn into Anbang
The capital injection is aimed at ensuring the solvency and stability of the group.
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- April 5 2018
China’s premium income falls 18.5%
The year-on-year decline happened in the January-February period.
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- April 5 2018
China’s new regulator appoints seven vice-chairmen
The Chinese government has added staff to the newly merged banking and insurance watchdog.
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- April 1 2018
Former Anbang chairman no longer contests charges
Wu Xiaohui appeared to change his stance and requested leniency in his closing statement.
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- March 29 2018
Three state-owned Indian insurers undergo merger review
National Insurance, United India Insurance and Oriental India Insurance will merger within the next six months.
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- March 29 2018
Anbang’s Wu Xiaohui goes on trial in China
The proceedings come a year after he was detained on accusations of fraudulently raising Rmb65bn.
