Industry Segments: Life Page 29 / 52
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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.
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- July 21 2017
More growth in Malaysian insurance sector
The sector is projected to post a high single-digit growth in new business premiums.
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- July 20 2017
Aviva to sell Friends Provident for US$443m
It has agreed to sell the business to RL360 Holding Company, a unit of International Financial Group, to free up capital.
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- July 19 2017
Prudential Financial enters Indonesian life market
The US-based insurer has bought a 49% stake in Asuransi Jiwa Mega Indonesia, a subsidiary of CT Corp.
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- July 17 2017
India’s HDFC Life shareholders push IPO plans
Standard Life is reportedly keen to move forward with the listing after the merger with Max Group's is likely to be called off.
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- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
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- July 12 2017
SBI Life’s IPO plan gets final board approval
The insurance unit of State Bank of India is aiming to raise US$1.1bn, becoming the second insurer to go public.
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- July 7 2017
Guaranteed to end badly?
Insurers in Asia are taking ever bigger risks to meet increasingly unrealistic guaranteed returns promised to policyholders.
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- July 7 2017
China drafts rules on endowment insurance
CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.
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- July 7 2017
Sale of SCB insurance unit to FWD halted
What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.
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- July 7 2017
Premium growth defies weak economies
Advanced economies were the main drag on global premiums, but growth in many emerging markets slowed also.
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- July 6 2017
Emerging Asia to drive premium growth
Asian emerging markets will help global insurance premium growth accelerate to 5.9% during the coming decade.
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- July 3 2017
OCBC sells 33.3% stake in Hong Kong Life Insurance
The sale to First Origin International yielded a return of around US$309m.
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- June 30 2017
CIRC crackdown hits universal life sales
Premiums are down 59% year-on-year on the back of an aggressive campaign to tame market players.
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- June 29 2017
Anbang sues former owners of Tongyang Life
In a case of buyer's remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.
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- June 28 2017
Axa Hong Kong appoints new CEO
Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.
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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 21 2017
Tahoe completes acquisition of Dah Sing Insurance
The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.
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- June 20 2017
Tokio Marine raises stake in Indian unit
The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.
