Subject: Bancassurance Page 7 / 7
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- January 13 2016
AIA says Philippine business will be one of its top units
CEO Mark Tucker cited the growing economy and low penetration rate as reasons for optimism.
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- January 13 2016
Fairfax buys 35% stake in Vietnamese insurer
The insurance arm of Hanoi-based BIDV has sold up to 41 million new shares for an undisclosed sum.
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- January 7 2016
DBS, Manulife officially launch US$1.2bn bancassurance deal
The deal allows the Canadian insurer to distribute its products in DBS branches across the region.
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- December 23 2015
Allianz Buys 51% of PNB Life in the Philippines
The two firms also enter into a 15-year exclusive distribution partnership
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- December 17 2015
Manulife Philippines bancassurance deal gets clearance
Manulife Philippines can now sell insurance products at branches of China Savings Bank.
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- December 16 2015
Bank Rakyat Indonesia buys insurer for US$114m
Indonesia's second-largest lender is finalising its acquisition of Bringin Jiwa Sejahtera Life.
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- December 4 2015
Taiwanese insurers cleared to buy 100% of Vietnamese banks
Taiwan's FSC Chairman Tseng Ming-chung announced the development after a trip to Vietnam.
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- November 24 2015
NAB Nippon Life aims to lead Australia’s life market
The joint venture company is aiming to become the largest writer of life insurance premiums Down Under.
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- November 23 2015
OCBC Bank claims lead in Singapore’s bancassurance market
Singapore's OCBC Bank said it has overtaken DBS Bank in terms of bancassurance sales.
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- November 20 2015
Nippon Life set to regain crown as Japan’s top life insurer
The insurer has boosted revenue by launching new foreign currency products sold through banks.
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- November 16 2015
Manulife considers more acquisitions in Asia
The company is beefing up in Japan and Hong Kong, and adding capabilities in China, Vietnam and the Philippines.
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- November 6 2015
Singapore’s life insurance business up 15% in Q3
Premiums rose due to a significant uptake in savings-type products through banking channels.
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- October 8 2015
Philippine bank gets nod to invest in insurance JV
Bangko Sentral ng Pilipinas has approved the life JV between East West Bank and Ageas.
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- August 26 2015
AXA ups bancassurance numbers in the Philippines
AXA Philippines is confident of fielding a total of 100 financial specialists by the end of this year.
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- August 11 2015
Foreign insurers court PNB bancassurance deal
At least six foreign insurers are pursuing Philippine National Bank for a bancassurance joint venture.
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- June 15 2015
HSBC targeting insurance in Asia pivot
HSBC has said that Asia’s insurance sector will be a significant source of growth as it transforms its business.
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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 9 2015
Japan’s Tokio Marine seeks overseas bancassurance deals
Japanese insurance giant has spent over US$8bn on international deals since 2008.
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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.
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- May 12 2015
Dai-ichi Life signs bancassurance deal with Vietnam’s HDBank
Both parties pledge to develop strategic cooperation between Vietnam's banking and insurance sectors.
