Industry Segments: Life Page 28 / 52
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- September 18 2017
AIA set to buy Commonwealth Bank’s life assets
The Asian insurance group has become favourite to buy the unit in a deal said to be worth more than US$4bn.
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- September 15 2017
Manulife names new Asia CEO
Anil Wadhwani has been appointed president and chief executive officer of the division, taking over from Philip Witherington.
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- September 14 2017
Cambodia sees life insurance rush
More than US$1bn worth of life premiums were issued in the first half of the year.
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- September 8 2017
Listed Chinese insurers to benefit from risk crackdown
Efforts to contain the sale of risky short-term life insurance policies won't seriously affect the country's major insurers.
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- September 7 2017
PartnerRe names new CEO for L&H in Asia
Jerome Matrundola joins from SCOR to lead the life and health business in the region.
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- September 6 2017
HSBC Insurance appoints Hong Kong CEO
Former interim chief executive Edward Moncreiffe will oversee HSBC’s insurance and pension business in the city.
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- September 6 2017
Growth of non-linked life premiums drops in HK
However, linked life business enjoyed a steep increase in growth, according to the latest data from the Hong Kong Insurance Authority.
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- August 28 2017
Investment income lifts China Life profits
Net income rose by 17.8% in the first six months of the year, driven by an 11.45% investment return.
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- August 21 2017
Jack Ma-backed firm eyes Asian unit of MassMutual
A consortium led by Yunfeng Financial Group has expressed interest to pay about US$1.7bn for the business.
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- August 21 2017
Ping An registers best half-year profit in a decade
The results were driven by strong growth in life premiums and came despite a government crackdown on the industry.
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- August 17 2017
AIG selling US$2bn life settlements portfolio
The insurer is reportedly working with investment bankers from Goldman Sachs to unload the assets.
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- August 15 2017
Asian insurance sector’s embedded value up 15.3%
China and Hong Kong seen as the main drivers, according to a survey from global consulting firm Milliman.
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- August 14 2017
Samsung Life posts 26% profit growth
The insurer added that its value of new business was W598.3 billion, up 6.5% over the same period.
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- August 11 2017
Japan’s major life groups post weaker revenues
A decline in premium income dragged down revenues of six of the country's seven leading life groups.
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- August 9 2017
Singapore’s life market keeps on growth track
Momentum in the second quarter was supported by a surge in sales of annual-premium products.
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- August 4 2017
China’s asset dilemma
The investment patterns of Chinese life companies such as Anbang continue to raise concerns.
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- August 2 2017
HDFC Standard, Max Life call off proposed merger
Failing to secure regulatory approval in India, the two companies have cancelled their merger plans.
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- August 1 2017
Sahara Life to take regulator’s order to court
The Indian group is resisting the regulator's order to transfer its life business to ICICI Prudential.
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- July 31 2017
ICICI Pru in final stages of Sahara India Life takeover
The two companies are in the final rounds of discussions, with completion expected soon.
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- July 21 2017
Foresea Life to set up Communist Party committee
The move follows Xi Jinping's call for the enhancing of Party leadership in financial operations.
