Industry Segments: Life Page 6 / 52
-
- September 29 2021
Evergrande’s 50% stake in life arm could fetch US$600m — report
Bloomberg analyst warns that over US$2bn is needed to improve Evergrande Life Assurance's solvency ratio beyond 200%.
-
- September 27 2021
India should welcome Chinese investment in LIC
Rumoured plans to ban mainland investors from IPO risk turning the deal into a political hot potato.
-
- September 24 2021
FWD posts NYSE IPO filing
The Hong Kong-headquartered pan-Asia life player is eyeing a potential US$13bn valuation.
-
- September 20 2021
Prudential to raise nearly US$3bn to boost Asia growth
The London-based insurer says it is particularly focused on China, India, Hong Kong, Indonesia and Thailand.
-
- September 16 2021
India seeks US$100bn plus valuation for LIC – report
The government is considering selling a 5-10% stake in the life insurance player.
-
- September 9 2021
HSBC Life appoints new Singapore head
Ho Lee Yen joins as chief executive officer from AIA Singapore, where she held the role of chief distribution officer.
-
- September 7 2021
HDFC Life agrees US$915m deal to buy Exide Life
The acquirer says the two firms have a “complementary geographical presence".
-
- September 1 2021
Fubon P&C sees over 30% decline in premiums in H1 2021
Plans to grow the firm's non-motor reinsurance business in China faces intense competition, AM Best says.
-
- August 31 2021
New Zealand regulator seeks feedback on policyholder protection
Stakeholders will have until November 15 to submit their views on policyholder protection.
-
- August 31 2021
Hong Kong’s H1 GWP falls 2.2% to US$39.5bn
HKIA says general insurance underwriting profits improved from US$80m to US$102m in the first half of the year.
-
- August 31 2021
Vietnam’s life market sees H1 new business rise 48.5%: report
Total premiums for country's life sector are estimated at around US$3.2bn.
-
- August 31 2021
Philippines premiums up double-digits in Q1: report
Life market as well as engineering, casualty and health premiums showed significant growth.
-
- August 30 2021
Asia’s life market sees new business fall 19.2% in 2020
Hong Kong saw the highest decline with a 56% drop while Indonesia was next on the list at 32%.
-
- August 27 2021
Ping An’s net profit down 15.5% after China Fortune hit
The Chinese insurance giant promises to strengthen risk management after developer default impacts results.
-
- August 27 2021
Toa Re overseas arms improve top-line but impact profitability
The Japanese reinsurer's overseas subsidiaries accounted for more than 25% of the firm's total premiums.
-
- August 26 2021
China Life’s H1 profits jump 34.2%
GWP growth at the life giant has been sluggish as the economy continues to recover from Covid-19.
-
- August 26 2021
Insurance M&A in APAC falls 51% in H1 2021: Clyde & Co
While deal activity is up recently, APAC regulators can demand substantial capital increments as part of any transaction.
-
- August 25 2021
HKIA report identifies US$880bn mortality protection gap
The findings translate to HK$1.9m per working adult -- around 5.7 times the average annual income.
-
- August 19 2021
Indonesia’s life market to recover as consumer confidence rises
GlobalData report predicts GWP in the segment to hit US$13.6bn by 2024.
-
- August 19 2021
APRA increases transparency around life and general insurance data
The regulator will now include class of business and product group data in its quarterly publications.
