Industry Segments: Life Page 39 / 53
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- July 6 2016
Hong Leong gets go ahead on sale of life unit
The group is exploring the sale of its life insurance business in Malaysia, in a move analysts describe as a surprise.
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- July 5 2016
RGA enters India
The Reinsurance Group of America has secured approval from the regulator to establish a branch in the country.
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- July 5 2016
Sun Life Financial buys CIMB Sun Life
The Malaysian group has reportedly agreed to divest its entire stake in the joint venture for US$41.8m in a deal signed in March.
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- June 24 2016
Indian life premiums up by more than a quarter
New premium collections increased by 26.6% to US$1.57 billion during May, led by state-run companies.
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- June 24 2016
Dai-ichi Life ups stake in Indian insurance venture
The Japanese company has paid US$80m to Bank of India to extend its stake in Star Union Dai-ichi Life to 44%.
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- June 21 2016
Max Financial and HDFC eye merger
The deal will potentially create the biggest private insurer in the country, overtaking ICICI Prudential.
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- June 17 2016
Taiwan firms warned against policy violations
The regulator is concerned about the high number of insurers burdened with excessive fees paid on sales .
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- June 14 2016
Five Philippine non-life insurers set to merge
Unable to raise enough paid-up capital required by the regulator, the P&C firms are set to tie up before year-end.
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- June 13 2016
Reforms needed to secure retirement, says MAS head
Low interest rates are here to stay and will require governments around the world to make fundamental reforms, says Tharman Shanmugaratnam.
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- June 10 2016
Thailand’s life sector growth to slow until 2026
High penetration rate and increasing competition will result in slower market growth, says Allianz.
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- June 10 2016
Korea Development Bank life unit up for sale again
After two failed attempts to sell a majority stake in KDB Life Insurance in 2014, state-run KDB is trying again.
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- June 6 2016
Thaihot wins race for Dah Sing’s insurance unit
The Chinese group has reportedly agreed to pay US$1.4bn in what could be Hong Kong's most expensive insurance deal ever.
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- June 2 2016
World’s top insurers eye South-East Asia acquisitions
Forthcoming opportunities include a stake sale in Siam Commercial Bank insurance unit SCB Life Assurance.
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- June 2 2016
Chubb Life names new Taiwan president
Chubb Group's global life insurance division has appointed Kristine Ung as the new president of its Taiwan operation.
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- June 1 2016
ICICI Prudential prepares Indian IPO
The joint venture has hired Bank of America Merrill Lynch and ICICI Securities for billion-dollar public listing.
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- May 31 2016
China Life’s Q1 net income drops 18%
The Chinese insurer's weak performance has prompted analysts to trim their forecasts for this year.
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- May 30 2016
Underwriting earnings key for Japan’s life insurers, says Fitch
Life companies are maintaining strong profitability despite declining bond yields in local fixed-income markets.
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- May 26 2016
Sale of ING Life generates lower-than-expected interest
Korean private equity firm MBK Partners has extended the sales offer deadline to allow more potential bids.
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- May 25 2016
ANZ explores sale of life insurance unit
Australia's fourth-biggest lender has reportedly held discussions with investment banks over the potential disposal.
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- May 23 2016
Chinese operations boost Ageas’s Q1 profit
Ageas has posted a better-than-expected net profit for the first quarter of the year, thanks to new business premiums in China.
