Industry Segments: Legal/Regulatory Page 51 / 90
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- December 1 2017
Chinese non-life insurers, reinsurers required to hire actuaries
The country’s 84 non-life general insurers and 12 reinsurers must have a chief actuary by January 1, 2020.
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- December 1 2017
PE funds will be allowed as promoters of Indian insurers
Irdai has approved a proposal to allow private equity funds to promote insurance companies through SPVs.
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- December 1 2017
FRS opens in Hong Kong and Malaysia
Financial Risk Solutions' two new offices are in Menara Darussalam in Kuala Lumpur and ICC in Hong Kong.
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- December 1 2017
Insurance sector in Malaysia welcomes new deputy governor
Jessica Chew is set to step in starting January next year as Sukudhew Singh is relinquishing his post after 31 years.
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- November 30 2017
Beijing and Guernsey in captive insurance joint venture
The partnership will see the creation of captive structures and the provision of captive services for Chinese businesses.
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- November 30 2017
China regulator orders three insurers to fix problems
CIRC has given the companies until December 30 to report on their progress in correcting a range of problems.
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- November 29 2017
Oriental Insurance announces listing plan
The company plans to list on several bourses in line with the government’s programme in 2018-19.
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- November 29 2017
Regulatory reforms and strong economy boost insurers in India
The rating agency forecasts the non-life insurance sector to maintain its double-digit growth over the next three-to-four years.
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- November 29 2017
China insurers report 19% leap in premium income
Premiums rose to Rmb3.24 trillion (US$491.06 billion) from January to October this year, according to CIRC.
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- November 24 2017
SBI General Insurance to list in 18 to 24 months
The general insurance arm of India's largest lender is reportedly on track to hit the stock market in 18 to 24 months.
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- November 24 2017
Anbang ordered to cut shareholdings in another two banks
Stakes in China Minsheng Banking and China Merchants Bank must be cut to no more than 5%, say regulators.
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- November 24 2017
Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand
The two companies will enter into strategic transactions across both life and general insurance.
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- November 23 2017
Regulators rethink how insurers’ risks are assessed
Global regulators are considering changing the way "systemically important" insurers are defined.
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- November 22 2017
Three Chinese insurers punished over “problematic” policies
The three companies have been banned from applying for permission to sell new products for six months.
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- November 22 2017
Vietnam premiums up 20%
The country's insurance industry continues to expand, with total premiums reaching US$3.7bn through October.
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- November 22 2017
US$2.2tr of China’s insurance funds utilised in Q1-Q3
The amount is 9.38% higher than the total insurance funds used as of the end of last year.
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- November 22 2017
Zhongtian Financial to pay US$4.7bn for stake in Huaxia Life
It will buy the stakes from Beijing Qianxi Shihao Electron Technology and Beijing Zhongsheng Century Technology.
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- November 21 2017
Life insurers to benefit from China’s eased restrictions
The decision to ease restrictions on foreign ownership of financial firms is expected to attract more investment.
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- November 20 2017
FWD appoints new chief executive for Thailand
Poramasiri Manolamai takes over from the current chief executive for Thailand, Mike Plaxton, effective January 1, 2018.
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- November 17 2017
Insurers in Malaysia target local capital
Global insurers are aiming to comply with the June 2018 deadline to achieve a 30% local shareholding.
