Line of business: Life Page 35 / 54
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- February 1 2017
Union Bank inks bancassurance deal with Insular Life
The Philippines bank offers a network of more than 300 branches and six million customers.
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- February 1 2017
India’s SBI Life eyes IPO within next fiscal year
Chief executive officer Arijit Basu says the life insurer may sell a 10% stake by March 2018
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- January 30 2017
Zurich, Chinese bank tie up on bancassurance
Indonesian entity of Swiss giant partners with Bank of China to explore bancassurance services.
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- January 27 2017
Samsung Life’s 2016 net profits hit US$1.83bn
However, excluding a one-time profit, actual net profits slightly declined from a year earlier.
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- January 25 2017
Thailand’s SCB Life up for sale
The process to sell a 49% stake stalled last year after changes in foreign shareholder rules.
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- January 25 2017
Swiss Re to open Mumbai branch on February 1
India's regulator has approved the Swiss reinsurer’s application for a composite branch licence.
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- January 24 2017
Generali appoints Asia head
Roberto Leonardi will be responsible for managing the P&C and life insurance businesses in Asia.
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- January 23 2017
Hanwha Life opens local HQ in Jiangsu province
The Korean company entered China in 2012, in partnership with Zhejiang International Trade Group.
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- January 18 2017
India’s new business life premiums up in December
Private life players posted 42% growth in premiums thanks to an increase in financial savings.
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- January 16 2017
Hanwa Life Indonesia mulls IPO in 2019
The IPO is part of an effort to meet the regulator's 80% foreign ownership limit for insurers.
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- January 16 2017
Sony Life inks deal with Australia’s ClearView Wealth
The agreement will see the two companies sharing information to drive efficiency and growth.
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- January 13 2017
Aegon Life forecasts online insurance growth in India
Buying insurance products in the country will soon be similar to booking a plane ticket online.
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- January 11 2017
New York Life unit buys stake in India’s Max Ventures
The largest mutual life insurance company in the US has bought a 22.51% stake for US$17.7m.
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- January 5 2017
Korea will make fourth attempt at KDB Life sale
Sources say that KDB has extended the maturities of two funds created to look for a new buyer.
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- December 23 2016
No buyers for troubled insurer Bumiputera
The Indonesian government is likely to consider state aid as efforts to find a strategic investor remain futile.
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- December 23 2016
China tightening issuance of insurance licences
The move comes amid efforts to reduce risks resulting from aggressive business and investment practices.
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- December 22 2016
ING Life among 20 firms to go public in Korea in 2017
Korea's fifth-largest insurer by assets is expected to join about 20 companies going public during the second half.
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- December 22 2016
Thai life market growth to slow in 2017
Economic headwinds will keep the country's life insurance market growth to less than 10% next year.
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- December 21 2016
Indonesia urged to fast-track policyholder protection
The call was made following the replacement of the board of directors and commissioners of AJB Bumiputera 1912.
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- December 15 2016
Malaysia’s life market continues strong growth
The gross sum assured for all new individual policies went up 25% in the first three quarters of the year.
