SC Affirms Insurance Commission On Prudentialife Plans Liquidation
The Supreme Court (SC) of the Philippines has denied a petition for review filed by Prudentialife Plans Inc (PPI) and its planholders, assailing the...
Kyobo Life Joins Initial Bid for ING Life Korea
Kyobo Life Insurance, one of the big three life insurance companies in South Korea, has joined in the preliminary race to acquire ING Life...
Philippine Insurance Commission to Strictly Implement Policyholders’ Bill of Rights
The Insurance Commission (IC) is ratcheting up its effort in advancing the protection of the insuring public as one of the regulator's key initiatives....
Australia: Honan Insurance Group Appoints New Group Director
Honan Insurance Group has announced that Brad Tymmons has been appointed as new group director – broking operations, joining the business to help execute...
Chinese Insurers Told To Strengthen Disclosure
The China Insurance Regulatory Commission (CIRC), China's industry regulator, has ordered insurance firms in the country to strengthen disclosure on transactions.
In a notice posted...
New Regional Chief Operating Officer Marc Blottiere Joins AXA Asia
Marc Blottiere has commenced his role as Regional Chief Operating Officer of AXA Asia as of June 1, reporting directly to Jean-Louis Laurent Josi,...
China Approves New Life Insurance Firm
Chinese listed holding firm Shenghe Resources received approval for its plan to set up a new life insurance company, called Huagui Life Insurance, in...
PSC Acquires Hiscock Insurance Brokers
PSC Insurance Brokers (ASX:PSI), a national insurance brokerage in Australia, has agreed to acquire Hiscock Insurance Brokers (HIB), a Melbourne-based insurance broking business for...
Chubb Names New Indonesia General Insurance Head
Publicly traded property and casualty insurer Chubb has named Tai-Kuan Ly as its new president director in Indonesia.
Ly will head Chubb’s general insurance operation...
Manulife Names Indren Naidoo as Indonesia CEO
Manulife Indonesia has announced the appointment of Indren S. Naidoo as the new Chief Executive Officer in Indonesia.
Based in Jakarta, Indren will be responsible for leading the...
China Unveils Deposit Insurance System Plan
China's central bank, the People's Bank of China (PBOC) on Sunday announced draft rules for a long-awaited insurance scheme for bank deposits, in order...
Ergo Acquires Stake in Thai Insurer
The ERGO Group is entering the insurance market in Thailand by acquiring a minority share of 40.26 percent of Thaisri Insurance from Pailuck Company...
Solvency II Will Drive Increased Demand for Reinsurance – Fitch
Solvency II (S2) will increase demand for reinsurance products as under the new regulatory regime insurers can strengthen their capital position through risk transfer,...
Vietnamese Insurers Eye Strong Year
Hopes are high for Vietnamese insurers to post yet another stellar performance this year following a strong showing in 2015.
The industry’s premium income last...
Japan Allows Insurers to Cover Infertility Treatment
Japan's Financial Services Agency (FSA) is reportedly planning to allow insurance companies to cover infertility treatment in the country as part of the government's...
Vietnam’s Insurance Industry Investment up 500%
Vietnam’s insurance sector posted one of the highest growth rates in a decade as total investment capital from the sector to the national economy...
Andrew Wadell Appointed Managing Director for Friends Provident International Singapore
Friends Provident International (“FPI”), part of the Aviva group, announces today the appointment of Andrew Waddell as Managing Director for Singapore with immediate effect...
Insurance News Brief: IAG Sets Up Startup Fund
Insurance Australia Group (IAG) has setup a new fund that will buy stakes in disruptive technology companies, joining major Australian firms in doing so.
Details...
Manulife Financial Corporation Completes Preferred Share Offering
TORONTO – Manulife Financial Corporation (“Manulife”) today announced that it has completed its offering of 16 million Non-cumulative Rate Reset Class 1 Shares Series...
New Life Insurers in Bangladesh Report Losses in 2015
The 13 newly licensed life insurance companies in Bangladesh have all reported incurring losses throughout last year due to declining premium income and high...
