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1 through 20 of 28 matching documents, best matches first.   Sort by date

Commonwealth Bank of Australia Revises Agreements With AIA to Divest Life Business
...Insure Life to AIA Group Ltd. The ongoing regulatory approval processes have led to an extended period of uncertainty for CommInsure Life, it said. "The revised transaction path ...
Source: BestWire   Date: August 26, 2019
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Milliman: China’s Restriction of Universal Life Sales Reduced Premiums but Not Embedded Value
China's life insurance market posted growth in embedded value and value of new business to 21% and 31%, respectively, in 2017 despite regulatory restriction on universal life ...
Source: BestWire   Date: September 20, 2018
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Mitsui Sumitomo Acquires Commonwealth Bank’s Stake in BoCommLife for 4.3 Billion Yuan
Mitsui Sumitomo Insurance Co. Ltd. has agreed to acquire a 37.5% stake in BoCommLife Insurance Co. Ltd. from Commonwealth Bank of Australia as the Japanese insurer enters China's ...
Source: BestWire   Date: May 23, 2018
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Hong Kong’s Nonlife Business Posted Loss in 2017
Manulife (International) Ltd. in a business presentation. Mainland visitors contributed to less than 20% of Manulife's overall annualized premium equivalent in 2017. Hong Kong ...
Source: BestWire   Date: March 14, 2018
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AIA Sells Nonlife Business to Janashakthi Insurance in Sri Lanka
The country's total nonlife gross written premium was 55.3 billion rupees in 2014, with motor insurance as the biggest line accounting for 63.2% of total premium. Sri Lanka's ...
Source: BestWire   Date: October 12, 2015
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Sun Life, Khazanah Nasional Jointly Acquire Malaysia's CIMB Aviva for US$598 Million
Sun Life Financial Asia, in a statement. "The combination of Sun Life's global insurance experience, Khazanah's strategic and financial expertise as an investor in the region, and ...
Source: BestWire   Date: January 18, 2013
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Towers Watson Sees Growing Bancassurance Interest in Southeast Asia
...Bancassurance is like the marriage with a partner...both banks and insurers need to select their partners appropriately," he said. In a report citing the World Bank, Towers Watson ...
Source: BestWire   Date: December 5, 2012
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ASEAN Free Trade Alignment Expected to Open Insurance Markets
Munich Re, is an example. "We will further proceed in strengthening our existing international presence and screen our priority markets for opportunities to expand business. ...
Source: BestWire   Date: November 21, 2012
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Malaysia's Insurance Sector Reports Third-Quarter Income Drop
... Tokio Marine Holdings Inc. agreed to acquire Malaysian nonlife insurer MUI Continental Insurance Bhd., a unit of business conglomerate MUI Group, for 180.2 million ringgit. The ...
Source: BestWire   Date: November 19, 2012
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Hong Kong Eyes Advanced Solvency Regime as Insurers Struggle With Capital Woes
Kong could well be a beneficiary of this," said Topping. "Hong Kong and particularly China are major potential growth markets, and the regulatory regime here is more balanced that ...
Source: BestWire   Date: October 31, 2012
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HSBC: Streamlined Regulation Can Enhance Life Insurance Business in Hong Kong
Independent Insurance Authority model. However, it is critical that such change be implemented in a way that builds rather than destroys the current strengths in the existing ...
Source: BestWire   Date: July 18, 2012
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Perspectives: IAIS Ponders the Experiences of Insurers in the 2008 Financial Crisis
Asia life unit, AIA Ltd., in Singapore and Hong Kong, as worried policyholders feared the parent company's troubles would hit the underwriting subsidiaries, the report noted in ...
Source: BestWire   Date: November 21, 2011
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Volatile Economic Conditions Pose Domino Threat to Asia-Pacific Insurance Markets
Braumuller at the IAIS conference in Seoul. Ongoing sovereign debt woes in Europe and volatile stock markets have an influence on insurers' investment strategies in the Asia/...
Source: BestWire   Date: October 11, 2011
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Malaysia Regulator: Bancatakaful Has Strong Growth Prospects
Alliance Bank Malaysia Bhd. in January, after receiving a family takaful license from BNM (BestWire, Jan. 28, 2011). The commencement of AIA AFG Takaful Bhd., being the second ...
Source: BestWire   Date: February 9, 2011
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Multinational Insurers Seek Banking Partners in Rapidly Shifting China Market
Greater China at consultancy Accenture. Today, banks tend to have "one too many" relationships or partnerships with insurers, noted Khor. "It's not uncommon for a bank to have ...
Source: BestWire   Date: February 1, 2011
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Reinsurance Business Prospects Abound in Asia
South Korea and Southeast Asia at Munich Re. Greater China is one of the main growth markets for Munich Re. In the region, many insurers look for not only capacity but also ...
Source: BestWire   Date: January 18, 2011
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Asia's 2011 Reinsurance Market Promises Intensifying Competition
Aon Benfield Asia Pacific. Reinsurance prospects are optimistic in emerging markets like China and India. China's reinsurance business is projected to post an annual growth rate of ...
Source: BestWire   Date: January 11, 2011
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China's Regulator Lifts Liquidity Requirements for AIA Group
American International Group Inc. The company said China's regulator also required those branches and sub-branches of AIA to enhance capital stability to "prevent the flow of their ...
Source: BestWire   Date: November 23, 2010
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AIG's Departure Creates New Challenges in Japan's Life Market
American International Group Inc.'s divestiture of its life insurance businesses will reorder the market for foreign insurers in Japan, where AIG had built up a substantial ...
Source: BestWire   Date: October 12, 2010
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AIG Appoints AIA Executive as New Chief of Nan Shan in Taiwan
American International Group Inc. has appointed Richard Bender as acting president and chief executive officer of its Taiwanese life subsidiary, Nan Shan Life Insurance Co. Ltd. He ...
Source: BestWire   Date: October 4, 2010
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