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Tag: Insurance

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...

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...

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...

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...
BDO

BDO Acquires Full Control of Generali Pilipinas

BDO Unibank Inc. (BDO), a full-service universal bank based in the Philippines, recently secured final regulatory approval that allowed it to acquire full interest...
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...