Industry Segments: Legal/Regulatory Page 51 / 89
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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.
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- November 16 2017
Moody’s welcomes China’s removal of foreign ownership cap
The new regime is credit positive for both foreign and domestic life insurers, says the rating agency.
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- November 15 2017
HK to collect levy from insurance policyholders
The Insurance Authority will start at 0.04% during the first phase and will gradually increase.
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- November 14 2017
Huaxia Life raises stake in China Minsheng Bank
Although its owner is believed to be detained by mainland authorities, the insurer continues to make investments.
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- November 13 2017
Chinese internet-only insurers still register losses
The profits of China’s four online-based insurers saw a rise in premium income, but still ended up registering a loss.
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- November 10 2017
Chinese insurers post lower premium income growth
A crackdown on insurance companies' risky and aggressive investment behaviour has taken a toll.
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- November 9 2017
Life business remains upbeat in Singapore
The sector has continued to post sterling growth this year, registering double-digit growth amid robust sales.
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- November 8 2017
Korean official warns interest rate hike could disrupt insurers
FSC vice-chairman Kim Yong-beom made the pronouncement ahead of the Bank of Korea's plan to raise its key rate.
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- November 6 2017
L&G targets Japanese market
Britain's Legal & General is set to offer company pension scheme insurance and investment management.
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- November 3 2017
HK regulator keen to encourage insurtech
The Insurance Authority has called for innovations that will help to cut premiums paid by customers.
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- November 2 2017
Singapore woos cat bond issuers with 100% grant
MAS has unveiled a grant scheme aimed at encouraging insurers and reinsurers to issue catastrophe bonds in Singapore.
