Industry Segments: Life Page 29 / 53
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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.
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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.
