Line of business: Life Page 40 / 53
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- May 30 2016
Underwriting earnings key for Japan’s life insurers, says Fitch
Life companies are maintaining strong profitability despite declining bond yields in local fixed-income markets.
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- May 26 2016
Sale of ING Life generates lower-than-expected interest
Korean private equity firm MBK Partners has extended the sales offer deadline to allow more potential bids.
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- May 25 2016
ANZ explores sale of life insurance unit
Australia's fourth-biggest lender has reportedly held discussions with investment banks over the potential disposal.
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- May 23 2016
Chinese operations boost Ageas’s Q1 profit
Ageas has posted a better-than-expected net profit for the first quarter of the year, thanks to new business premiums in China.
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- May 23 2016
Friends Provident names new Singapore MD
Andrew Waddell was previously principal and executive director at Lahinch Partners and co-led the establishment of AMP Advice.
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- May 19 2016
Korean life companies’ investment returns forecast to fall
High interest-rate policies and the introduction of new accounting rules are affecting profitability in asset management units.
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- May 17 2016
China Life to be a cornerstone in BOC Aviation IPO
China Life has committed to invest US$50 million in the public offering of the biggest aircraft lessor in Asia.
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- May 17 2016
Sun Life Grepa sees record growth in the Philippines
The Philippine joint venture insurance company posted premium income up 44% year-on-year in 2015.
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- May 16 2016
Taiwan Life adds US$41m to CTBC’s Q1 earnings
The contribution reversed CTBC's net loss in the final quarter of 2015, though profits were still down significantly.
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- May 16 2016
Five bidders competing for Dah Sing Life
At least five companies have now expressed interest in buying the insurance unit of Hong Kong's Dah Sing Financial Holdings.
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- May 12 2016
Philippine government sells National Life
The insurance regulator has approved the sale to a consortium of Filipino businessmen for US$23 million.
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- May 12 2016
Singapore life industry’s premiums up 5% in Q1
The steady growth of direct purchase insurance products has attracted S$730,000 in premiums since launch in April 2015.
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- May 12 2016
Allianz buoyed by demand for sharia policies in Indonesia
Allianz Life Syariah posted a 7.2% gross premium income increase in 2015, rising to US$56 million.
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- May 11 2016
Allianz to sell part of Taiwan life insurance portfolio
The sale of the €1.2 billion portfolio is driven by the constraints on European insurers as a result of Solvency II.
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- May 10 2016
Indian insurers lining up for IPOs
ICICI Prudential Life and HDFC Standard Life are expecting to raise a total of more than US$1 billion this financial year.
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- May 10 2016
Tokio Marine Life names new Singapore CEO
Industry veteran James Tan Lai Hing is taking over from the outgoing CEO Lance Tay, effective June 1.
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- May 9 2016
Manulife seeks new partners in Asia
Manulife continues to look for suitable partners in Asia as sales in the region remain strong, the company has said.
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- May 6 2016
SBI Life’s IPO now planned for next financial year
Preparations will start by September and the formal announcement could be made by next March.
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- May 6 2016
AIA bullish on the Philippines
The CEO of its joint venture in the country cited low penetration and the expanding middle class as substantial opportunities.
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- May 5 2016
Aviva raises stake in Indian JV to 49%
The British insurer paid US$141m to buy an additional 23% stake in its JV from Dabur Invest Corp.
