Tags Insurance

Tag: Insurance

Fitch Ratings

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,...
Marc Blottiere

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,...
Kyobo Life

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...
MIBI Ireland

Irish Insurers Warn of Premiums Rise

The Motor Insurers' Bureau of Ireland (MIBI) has warned of a possible increase in insurance premiums should the ruling related to the liabilities of...
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...