Line of business: Life Page 36 / 53
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- November 14 2016
Prudential sells Korean insurance business to Mirae
The UK insurer announced on its website that it has agreed to sell 100% of PCA Life for US$146m.
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- November 14 2016
Asia business drives Manulife’s Q3 performance
The strong performance was primarily due to growth in Asia and an increase in the value of its investments.
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- November 10 2016
Singapore insurance group to study healthcare costs
The city's Life Insurance Association will study recommendations of Health Insurance Task Force.
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- November 9 2016
Hong Leong calls off talks to sell insurer stakes
After failing to reach a deal with any of the potential buyers, the group abandons the sale.
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- November 9 2016
MetLife appoints new HK chief executive
Formerly at Allianz Taiwan Life Insurance, Lee Wood will lead MetLife's business in Hong Kong.
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- November 4 2016
Life insurance market in SE Asia to grow 7.7%
The forecast, which covers the period to 2020, is revealed in a study by MarketStudyReport.com.
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- November 2 2016
Negotiations extended for sale of Felda’s AXA Affin stake
Talks between Affin and the state-run planter’s stake will be allowed to extend for another three months.
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- November 2 2016
Korean life insurers cut workforce amid profit decline
The layoffs are primarily geared toward cutting costs in an environment of low interest rates.
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- November 1 2016
Metlife to exit Indian insurance venture
The US insurer will sell its 26% stake in PNB Metlife to focus on challenges in its home market.
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- October 28 2016
China’s greying population
A demographic time bomb is forcing the country to address the rising cost of elderly care.
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- October 28 2016
Zurich eyes bancassurance growth in Indonesia
More growth in bancassurance business is expected as Zurich Topas Life partners with Bank CTBC Indonesia.
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- October 27 2016
Insurance agents warned against referral fees
The Life Insurance Association of Singapore has said that charging referral fees is unethical.
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- October 20 2016
Hanwha Life acquires 4.1% stake in Lending Club
Investing in the world’s largest peer-to-peer lender is part of an effort to enhance its fintech capabilities.
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- October 19 2016
Indonesia’s Bumiputera on the hunt for buyers
The company is nearing the end of a long restructuring process aimed at meeting its growing obligations.
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- October 10 2016
Dai-ichi looks to acquire local rivals as industry returns plummet
Japanese life giant looks to acquire local competitors.
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- October 6 2016
Sun Life seeks expansion into Singapore and Thailand
The move is seen as an opportunity to boost sales in a region where low penetration and faster growth are enticing foreign players.
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- October 5 2016
NAB completes sale of life unit to Nippon Life
After completing the sale of 80% of the unit, the Aussie bank expects a loss of up to A$1.3b on the deal.
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- September 28 2016
Bank of India sells 18% stake in insurance JV
The stake in Star Union Dai-ichi Life Insurance has been bought by its Japanese partner Dai-ichi Life Insurance.
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- September 26 2016
Bangkok Life gears up for Cambodia business
The Thai insurer will venture into Cambodia next year to tap strong demand in its South-East Asian neighbour.
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- September 21 2016
JD Group names Lennard Yong Hong Kong CEO
The company plans to build an international financial services conglomerate with Chinese heritage.
