Industry Segments: Life Page 42 / 52
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- March 7 2016
Zurich Australia buys Macquarie’s life business
The Swiss insurer has paid a still undisclosed amount for the acquisition, which is due to close in the second half.
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- March 3 2016
Japan’s major life firms turn their backs on JGBs
Negative yields on some Japanese government bonds are forcing the country's life insurers to look at foreign bonds.
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- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
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- March 2 2016
Negative rates push Japanese firms to raise premiums
The consequences of the Bank of Japan's policy continue to spread in the country's financial sector.
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- March 1 2016
Unit-linked business forecast to still grow in Indonesia
The Indonesian Life Insurance Association forecasts growth of 10% to 15% this year to more than US$6bn.
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- March 1 2016
Taiwan legislators consider revision of insurance law
The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.
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- March 1 2016
Thailand exempts insurers from foreign business licence
The government is making it easier for foreign financial firms to operate in the country, says Baker & McKenzie.
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- February 29 2016
Philippine premiums forecast to hit US$5.9bn this year
The Philippine Insurance Commission says further expansion expected in both the life and non-life sectors.
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- February 26 2016
Chinese developer eyes HK’s Dah Sing Life Assurance
Country Garden has joined China Life and other bidders for Dah Sing Financial's insurance arm.
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- February 26 2016
AIA reports 22% full-year profit decline
Asia's third-largest insurer cited weaker regional currencies and stock market gyrations for the profit decline.
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- February 24 2016
Malaysia’s life coverage up 6.2% in 2015
The market posted coverage of M$1.24 trillion, according to the Life Insurance Association of Malaysia.
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- February 24 2016
China Life, Ping An post double-digit premium growth
The positive results announcements helped their stocks to stage rebounds in Hong Kong and Shanghai this week.
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- February 22 2016
PE firm to sell ING Life Korea for US$1.63bn
MBK Partners has reportedly attracted interest from Hanwha Life Insurance and Kyobo Life Insurance.
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- February 19 2016
Thai life firms bullish on higher growth in 2016
The Thai Life Assurance Association forecasts that GDP growth will help boost premium income by 9%.
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- February 18 2016
Philippines approves Allianz-PNB bancassurance deal
The Philippines Insurance Commission has approved the 15-year deal to create Allianz PNB Life Insurance.
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- February 18 2016
Taiwanese majors suffer earnings plunge in January
Life firms reported a 40% decline in earnings after a brutal downturn on Taiwan's stock market.
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- February 17 2016
Bangladesh orders MetLife to raise capital by almost 500%
The Insurance Development and Regulatory Authority arrived at the figure using its new solvency margin rules.
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- February 16 2016
Vietnam on track for double-digit growth this year
The country's finance ministry said premium income in 2015 climbed by 21.4% to US$3 billion.
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- February 15 2016
Korean firms post 13.3% earnings rise in 2015
The double-digit growth was attributed to increased non-operating profits and investment-related earnings.
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- February 12 2016
Singapore’s single-premium life policies rise 28% in Q4
The Life Insurance Association (LIA) Singapore attributed the growth to the policies paid for with Central Provident Fund money.
