Industry Segments: Life Page 32 / 52
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- March 31 2017
Manulife names Asia head as global president
Roy Gori, the former Citi banker who joined the Canadian insurer just two years ago, has been appointed global president.
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- March 29 2017
Japanese life insurers likely to cut premiums next year
With longer life expectancy in Japan, life insurers in the country are expected to reduce premiums by 5–10% beginning 2018.
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- March 27 2017
China Life profit declines 45% in 2016
Chairman Yang Mingsheng said the performance was due to a decline in gross investment income.
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- March 27 2017
Chubb appoints Hong Kong life head
Michael Ho joins from Prudential as head of life insurance division Chubb Life in Hong Kong.
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- March 22 2017
Hong Kong Life sold for US$914m
First Origin International, a Hong Kong-based investment firm, has paid HK$7.1b for the city's 10th-biggest insurer.
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- March 21 2017
MyCC issue a misunderstanding, says AIA
AIA Malaysia has defended itself from allegations it participated in an anti-competitive agreement in the country.
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- March 21 2017
China leads global insurance growth in 2016
Initial projections show that the Asian economic powerhouse contributed nearly half of the world insurance market.
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- March 20 2017
Regulator lowers punishment against CEOs of Korean insurers
FSS says the penalty against the CEOs is now a precautionary warning, or a notch lower than the one previously announced.
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- March 20 2017
Nippon Life plans US$4.4bn M&A investment
Japan's biggest life insurer says it is planning to double its net profit during the next the four years.
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- March 16 2017
Vietnam’s life sector posts record-high growth
Total life insurance premiums in the first 10 months of last year grew at 37%, the highest in a decade.
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- March 8 2017
AIA wins licence to operate in Cambodia
The group will start operations by the end of the year in a market with significant growth potential.
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- March 6 2017
China consortium joins bid for Hong Kong Life Insurance
The consortium will be up against China’s state-owned Yue Xiu in a deal valued at more than US$700m.
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- March 6 2017
Regulations to alter Malaysia’s life insurance industry
Bank Negara Malaysia's upcoming regulatory changes will make it tough for part-time insurance agents to survive.
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- March 3 2017
Citic-Pru Life approved to open Sichuan branch
The development comes after the JV announced plans to expand into Anhui province in November last year.
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- March 3 2017
MetLife cut workforce by 11,000 in 2016
America’s largest life insurer is working towards cutting costs and preparing to spin off its US retail arm.
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- February 28 2017
AIA, Manulife among bidders for SCB insurance arm
Acquisition of Thailand’s Siam Commercial Bank is likely to be tagged the biggest ever acquisition of a South-East Asian insurer.
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- February 24 2017
Thai life industry profits forecast to grow 6%
The Thai Life Assurance Association expects low interest rates to prompt a move into investment-linked products.
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- February 23 2017
Sun Life Financial appoints Hong Kong CEO
Fabien Jeudy will be responsible for growing operations across life and health, wealth management and pensions.
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- February 22 2017
India’s life industry up 35.13% in January
A high increase in group and individual single premium policies is pushing the sector's growth.
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- February 22 2017
Insurtech startup Digital Fineprint enters Asia
The company is one of just eight insurtech worldwide firms to take part in MetLife's collab partnership.
