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Shinhan Acquires Majority Stake in Orange Life From MBK in South Korea
Life Insurance Korea Ltd., from MBK Partners for 2.3 trillion won (US$2.07 billion), according to a statement from the publicly listed financial group. The Korean financial group ...
Source: BestWire   Date: September 18, 2018
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Taiwan’s China Development Financial Cleared to Acquire Stake in China Life
China Life Insurance Co. Ltd., according to a statement from the Financial Supervisory Commission's Insurance Bureau. China Development Financial has to complete the investment in ...
Source: BestWire   Date: August 16, 2017
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ING Life Korea Plans to Raise Nearly US$1 Billion From IPO
Life Insurance Korea Ltd. plans to raise about 1.1 trillion won (US$977 million) from its initial public offering on the Korea Exchange, according to the insurer's statement filed ...
Source: BestWire   Date: April 26, 2017
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CCB Property & Casualty Commences Business in China
Property & Casualty Insurance Co. Ltd. has commenced business in China with total registered capital of 1 billion yuan (US$148 million). The launch of CCB P&C marks a milestone for ...
Source: BestWire   Date: October 25, 2016
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CCB Life Cleared to Set Up Nonlife Company in China
Ningxia province in northwestern China. CCB Life, Ningxia Transportation Investment Co. Ltd. and Yinchuan Communications Capital Investment Co. Ltd. are approved to set up CCB ...
Source: BestWire   Date: April 7, 2016
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China's Regulator Approves CCB Life to Set Up Asset Management Company
International (China) to set up an asset management company. CCB Life and CCB International (China) will jointly establish CCB Life Asset Management, with registered capital of 100 ...
Source: BestWire   Date: September 8, 2015
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Taiwan's Regulator Closely Following Global Regulatory Reforms
Financial Supervisory Commission. Reviews are underway for regulations such as the valuation of insurance liability, risk-based capital framework, corporate governance, enterprise ...
Source: BestWire   Date: January 16, 2015
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Thailand’s Life Insurers Maneuver for Growth Amid Regulatory and Economic Changes
Office of Insurance Commission. As of the third quarter of 2012, life insurers on average had a CAR of 420%. The risk-based capital regime has been implemented in phases, requiring ...
Source: BestWire   Date: February 27, 2013
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Niche Retirement, Wealth Markets Beckon for Taiwan's Hard-Pressed Life Insurers
Prudential plc, Netherlands-based Aegon and ING Group, and U.S.-based MassMutual, said Paul Melody, head of life insurance consulting at Towers Watson in Greater China, in an ...
Source: BestWire   Date: February 13, 2013
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Etiqa: M&A in Malaysia Driven by Rising Capital Requirements
Etiqa Insurance & Takaful, a unit of Maybank Group. Local merger and acquisition activity will continue in the near future both in conventional insurance and gradually in the ...
Source: BestWire   Date: February 6, 2013
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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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ING Moves Toward Planned Break-Up as US Unit Files SEC Statement on Proposed IPO
United States and has about 7,150 employees. The company said it offers products and services through "a broad group of financial intermediaries, independent producers, affiliated ...
Source: BestWire   Date: November 12, 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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PwC Sees Rough Road in China for Foreign Insurers
Asia at PricewaterhouseCoopers. Liu said foreign insurers' parent groups have to deal with global economic and regulatory challenges. Implementation of Solvency II has been a key ...
Source: BestWire   Date: April 24, 2012
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Malaysia Seeks Takaful Growth With New Regulations
Islamic finance," noted Papp. However, he said some of the recent regulatory changes raise concern that the development may be hampered. The draft paper introduces risk-based ...
Source: BestWire   Date: November 22, 2011
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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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Regulator to Promote Malaysia as a Global Takaful Center
Abd Kadir, deputy governor of Bank Negara. As an international Islamic financial center, Abd Kadir said Malaysia's takaful operators will be able to "accelerate their regional and ...
Source: BestWire   Date: April 11, 2011
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