Tags Insurance

Tag: Insurance

Ergo Group

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...
Indren Naidoo

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...
Chubb Indonesia Tai-Kuan Ly

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...
PSC Insurance Brokers

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...

Hong Leong MSIG Takaful CEO Quits

Wan Mohd Fadzlullah Wan Abdullah, CEO of Hong Leong MSIG Takaful (HLMT), a joint venture between Hong Leong Financial Group Malaysia and Japan’s Mitsui...
Elders

Elders Acquires Insurance Distribution Stake from QBE

Elders (ASX:ELD) has re-acquired 10% of Elders Insurance Underwriting Agency Pty Limited (EIUA) from QBE. Elders sold the final tranche of its investment in...
MediShield Life Singapore

Singapore Insurers to Offer New Product in May

Singapore's Ministry of Health has announced that Singaporeans will soon have an option of additional coverage beyond the MediShield Life when the country's insurers...

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...
Continental Insurance Bangladesh

Bangladesh Continental Insurance Names New CEO

Continental Insurance, one of the leading private sector general insurance companies, in Bangladesh, has announced the appointment of Muhammad Nazirul Islam as its new...
Allianz SE

Allianz SE Buys 51% of PNB Life in the Philippines

PHILIPPINES - Allianz SE, a European financial services company that offers products and solutions in insurance and asset management, has purchased 51% of PNB...

Auto Insurance Premiums Forecast to Rise in Most Countries

The value of auto insurance premiums is forecast to grow in most countries up to 2018 after growing at a rate of 2.9 percent...

New York Life Names Edward Shirley to Board of Directors

Former Bacardi Ltd President and CEO Edward Shirley has been elected to the Board of Directors of New York Life Insurance Company effective 01...

East West Bank’s Php500 Million Investment in Ageas Insurance JV Gets BSP Approval

PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the country's central bank, has approved the initial equity investment of East West Banking Corporation (PSE:EW)...

Economies of Four Southeast Asian Cities Among World’s 10 At Risk

Four major cities in Southeast Asia have ranked in the top 10 among the global economies that are at risk from a series of...

Nigeria’s Nicon Insurance Selling USD100 Million Worth of Assets

NIGERIA – Nicon Insurance, one of the top insurance firms in Nigeria, is reportedly selling N20 billion (USD100 million) worth of its assets in...

Fitch Believes Insurance Losses in Tianjin Blast Higher Than Expected

Initial estimate on insurance losses from the devastating twin blast in the Chinese port of Tianjin was placed between USD1 billion to USD1.5 billion...

China Wants Quick Response to Insurance Claims Related to Tianjin Blasts

Insurance companies that will receive claims related to the deadly twin blasts that rocked the northern port city of Tianjin should immediately process the...

Indonesia Closely Monitoring Insurance Industry

Indonesia's Financial Services Authority (OJK) revealed that it was closely monitoring the country's insurance industry, especially the industry's exposure to bonds and stocks. Authority head...

AIA Launches Second Phase of Asia’s First-of-its-kind Accelerator Programme

HONG KONG – AIA Group Limited (AIA) today launched AIA Accelerator 2.0, its second 12-week programme to support innovative businesses in the healthcare arena...

EY Names Rohan Sachdev as Global Insurance Emerging Markets Head

Global accounting firm Ernst & Young has announced the appointment of Rohan Sachdev as its global insurance emerging markets leader. With his new role, Sachdev...