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1 through 20 of 72 matching documents, best matches first.   Sort by date

Taiwan’s Fubon Life Invests in Woori Financial in South Korea
Woori Financial Group Inc., according to a statement filed by the life insurer on the Taiwan Stock Exchange. Fubon Life will buy about 28.9 million shares in Woori Financial for ...
Source: BestWire   Date: September 30, 2019
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China Implements New Asset Management Rules
News Service, May 10, 2018). In the past, some insurance companies had transferred financial interests to shareholders through associated units or well-packaged financial products. ...
Source: BestWire   Date: September 10, 2019
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Anbang Transfers Business Units to Dajia Insurance Group
China Banking and Insurance Regulatory Commission. The regulator has granted approval for Anbang Life Insurance Co. Ltd. to change its name to Dajia Life Insurance Co. Ltd. and ...
Source: BestWire   Date: August 30, 2019
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People’s Bank of China Seeks Public Consultation on Financial Holding Company Regulations
The People's Bank of China is seeking a public consultation for drafted rules for the supervision of financial holding companies, according to a statement from the financial ...
Source: BestWire   Date: August 7, 2019
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China’s Regulator to Restructure Anbang With Newly Established Dajia Insurance Group
China Banking and Insurance Regulatory Commission. Dajia Insurance Group will set up another nonlife unit, Daija Property, to take over Anbang Property & Casualty Insurance Co. ...
Source: BestWire   Date: July 12, 2019
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Dajia Insurance Group Created to Prepare for Anbang’s Restructure
China is preparing for the restructuring of Anbang Insurance Group Co. with the creation of Dajia Insurance Group in Beijing, according to a statement from the National Enterprise ...
Source: BestWire   Date: July 8, 2019
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China Continues to Open Financial Services Sector for Development
Anbang Insurance Group for another year. The company was taken over by the regulator in 2018, as its business operations might have violated China's insurance law, which could ...
Source: BestWire   Date: June 20, 2019
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Athora, NN to Acquire Netherlands-Based Vivat From Anbang
Anbang Group Holdings Co Ltd. in a deal that will also involve NN Group becoming the eventual owner of a Vivat nonlife insurance subsidiary. The proposed deal involves NN acquiring ...
Source: BestWire   Date: June 7, 2019
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Consultants: Foreign Insurers Expected to Increase Stakes in Chinese Joint Ventures as Market Opens
Allianz (China) Insurance Holding Co. Ltd. became the first fully foreign-owned insurance holding company in China. Subsequently, "some of the larger of the more dominant foreign ...
Source: BestWire   Date: May 9, 2019
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Anbang Plans to Reduce Registered Capital by About One-Third
Anbang said in a statement. This is still subject to approval from the China Banking and Insurance Regulatory Commission. The capital reduction will not affect the company's ...
Source: BestWire   Date: April 18, 2019
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Baloise Group to Acquire Belgian Insurer From China’s Anbang
Baloise Group said it is acquiring Belgium's Fidea N.V. from China's Anbang Insurance Group for €480 million (US$542.7 million). The acquisition will strengthen Baloise's ...
Source: BestWire   Date: April 15, 2019
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China’s Regulator Issues Reporting Guidelines for Asset-Liability Management
Since the takeover of Anbang Insurance Group Co. Ltd. in 2018, the regulator has stepped in to reduce financial leverage and impose tougher credit conditions across several sectors ...
Source: BestWire   Date: April 11, 2019
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Anbang Sells Two Subsidiaries in South Korea to Woori Financial
Tong Yang Life Insurance Co. Ltd., a unit of Anbang. Also, Woori Financial said it will acquire a 100% stake in ABL Global Asset Management Co., which is a wholly owned subsidiary ...
Source: BestWire   Date: April 9, 2019
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China’s Regulator Extends Takeover of Anbang for Another Year
Anbang Insurance Group for another year. The regulator's interim management working group "has made steady progress in relevant work and disposed risks in an orderly way," said the ...
Source: BestWire   Date: February 25, 2019
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Consultants: China M&A Activities Continue to Slow With an Eye on Strategic Focus
Chinese regulators' attitudes towards such deals. The acquisition of Chaucer from Hanover Insurance Group Inc. "will raise China Re's profile at Lloyd's as well in the global ...
Source: BestWire   Date: January 23, 2019
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JLT Re: Emergence of a Super Regulator in China Could Align Fragmented Regulations
Jeremy Fox, chief executive officer of Asia-Pacific at JLT Re. The regulator "is specifically focused on limiting contagion, enhancing transparency, promoting long-term stability ...
Source: BestWire   Date: October 26, 2018
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Shanghai High Court Rejects Former Anbang Chairman’s Appeal
Anbang P&C's premium funds of 10 billion yuan. The court said he transferred some insurance premiums through false statements to more than 100 companies under his control for ...
Source: BestWire   Date: August 17, 2018
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China’s Insurance Security Fund Takes Control of Anbang
China Banking and Insurance Regulatory Commission. The China Insurance Security Fund now owns a 98.23% stake in Anbang, said the CBIRC. State-owned automaker SAIC Motor Corp. and ...
Source: BestWire   Date: June 25, 2018
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China’s Former Insurance Regulation Chairman Pleads Guilty in Bribery Case
Jiangsu Changzhou Intermediate People's Court. Xiang had accepted 19.4 million yuan (US$3.07 million) in bribes for providing assistance to individuals and organizations related to ...
Source: BestWire   Date: June 15, 2018
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China’s Regulator Drafting Rules for Related-Party Transactions
Anbang Insurance Group among them. The CBIRC said these insurers lacked corporate governance, with aggressive expansion and illegal operations. Their "barbaric growth" led to ...
Source: BestWire   Date: June 8, 2018
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