Industry Segments: Life Page 51 / 53
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- June 29 2015
Standard Life shuts Singapore business
Firm remains committed to its Asian business with focus on Chinese and Indian partners.
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- June 26 2015
Malaysia’s BTPN bank seeks life insurance acquisition
BPTN customers currently covered by separate credit life insurance policies.
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- June 25 2015
Fubon Financial acquires Hyundai Life Insurance stake for US$199m
Taiwanese financial services firm to acquire stake via its insurance unit, Fubon Life Insurance.
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- June 24 2015
Insurance bought through financial advisers said to be cheaper
Report based on the analysis of more than 20 life insurance offers in Australia.
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- June 18 2015
Indonesia’s Sequis Life to raise number of sales staff to 66,000
Aims to become the third-largest life insurer in the country.
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- June 15 2015
Taiwan’s Nan Shan Life to acquire AIG unit for US$158m
Nan Shan Life to buy the personal and SME insurance businesses from AIG's unit in Taiwan.
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- June 12 2015
Reliance Insurance to hire 20,000 agents across India this year
RLIC to raise its agency force by 20% across the country this year.
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- June 12 2015
Japan’s Tokio Marine to acquire HCC Insurance for US$7.5bn
Overseas acquisition set to be biggest ever entered into by a Japanese nonlife insurance firm.
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- June 12 2015
Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved
Approval issued despite concerns over reciprocity.
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- June 11 2015
All insurance policies in India will soon be available in digital format
Life and non-life policies to be available in digital form.
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- June 11 2015
BDO Unibank acquires Generali Pilipinas Holdings
Acquisition part of the bank's strategy to diversify into the life insurance business.
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- June 11 2015
Greenstone delays US$900m Australia IPO plan
Life Insurance distributor unwilling to accept a cut in valuation, according to reports.
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- June 10 2015
Sovereign offers free insurance in New Zealand through Facebook
Innovative Facebook campaign to offer free life insurance for six months.
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- June 8 2015
Japanese life insurers to continue raising foreign bond investments
Increasing allocations to high-grade foreign bond investments set to continue.
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- June 4 2015
India’s LIC becomes second foreign insurer to enter Bangladesh market
LIC to start operations as a JV entity with a paid up capital of BDT1bn (US$12.86m).
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- June 4 2015
Nippon Life said to acquire National Australia Bank’s life insurance unit
Analysts value the life insurance business at up to US$1.4bn.
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- June 3 2015
Samsung Life Insurance eyes acquisition in the Philippines
Growing economy, low insurance penetration rate, and large population seen as factors.
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- June 2 2015
Sales of investment-linked assurance products fall 42% in Q1
Sales plunge dramatically after Hong Kong regulators tightened rules in January.
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- June 1 2015
Insurance penetration in the Philippines at 1.2%
Findings taken from a survey commissioned by Sun Life of Canada (Philippines).
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- May 30 2015
EastWest Bank and Ageas form Philippines joint venture
EastWest Ageas Life, a US$65m life insurance firm set to build bancassurance business in the Philippines.
