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Insurers Struggle With Strategy Under Solvency II Uncertainty
Europe said in the letter. Further complicating the issue is the retirement of Karel van Hulle, who as head of the insurance and pensions unit of the European Commission's Internal ...
Source: BestWire   Date: March 14, 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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Brit Chairman: 'Ideological' Regulation Missed Causes of Financial Crisis
Nick Prettejohn, chairman of Brit Insurance. "The regulation in the run-up to the crisis was too ideological, too unbalanced in its focus," Prettejohn said in a lecture sponsored ...
Source: BestWire   Date: January 24, 2013
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Legal Expert Warns Damage to EU Reputation if Solvency II Stalls
These countries include the United States, Canada, Japan and Switzerland. "Most of those have decided that they're going to go their own way now," he said. The slippage can be ...
Source: BestWire   Date: January 16, 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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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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UK's Prudential Cleared to Set up Life Insurer in Cambodia
Phnom Penh in December 2010. Other insurers that are showing interest in Cambodia include Nipponkoa Insurance Co. Ltd., a subsidiary of Japan's NKSJ Holding Inc., which a month ago ...
Source: BestWire   Date: July 2, 2012
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Equity Analyst: Tough Tasks Ahead for New Chairman at UK's Prudential
Prudential might do well to broaden its view. "If they really want to get up there in the mix" with such other big multinational insurers as Allianz, "maybe the have to break this ...
Source: BestWire   Date: May 30, 2012
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Vietnam Seeks to Raise Regulatory Development to International Standards
Geoff Sutherland, senior foreign counsel of legal firm Norton Rose. As a young insurance sector, accounting rules, regulations on risk management and legal systems are the biggest ...
Source: BestWire   Date: May 1, 2012
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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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India Regulator to Allow for More Than One Bancassurance Partnership
Oliver Wyman in a report. India's life insurance markets will have a reduced dependency on tied agents due to lowering of commissions, regulation on agent productivity and emphasis ...
Source: BestWire   Date: June 14, 2011
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Equity Revival, Market Shift Boost UK Pension De-Risking Deals
...More and more of them are closing to new accruals," Ground said. "So it's much more of a legacy issue." John Smitherman-Cairns, corporate development director at London-based ...
Source: BestWire   Date: May 31, 2011
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Nan Shan Deal Highlights Regulatory Concerns in Taiwan
Nan Shan Life Insurance Co. Ltd. to Ruen Chen Investment Holding Co. Ltd., a new investment company formed by Taiwanese industrial groups Ruentex Group and Pou Chen Corp. The ...
Source: BestWire   Date: January 18, 2011
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UK's Prudential Sees Strongest Nine-Month Profit Growth in Asia
Annual premium equivalent sales in Asia reached 1.07 billion pounds (US$1.72 billion), up from 806 million pounds in 2009. The insurance group's new business profit in Asia rose ...
Source: BestWire   Date: November 10, 2010
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 Expects US$2 Billion Profit Generated by AIA Ahead of Hong Kong IPO
American International Group Inc. said its Asian life insurance subsidiary AIA Group Ltd. is expected to generate at least US$2 billion in operating profit for the fiscal year ...
Source: BestWire   Date: September 28, 2010
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As First-Half Profit Surges, China Life Demurs on Possible AIA Investment
China Life Insurance Co.'s Chairman Yang Chao has hinted that China's largest insurer is not currently looking to be a strategic investor in AIA Group, the Asian life insurance ...
Source: BestWire   Date: August 26, 2010
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Details Uncertain for Equitable Life Compensation Pledge
The announcement by the U.K. government that it will compensate victims of failed mutual life insurer Equitable Life Assurance Society has added yet another measure of uncertainty ...
Source: BestWire   Date: July 28, 2010
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Former Prudential Plc Executive Named to Lead AIA Ahead of Hong Kong IPO
American International Group Inc. said it plans to list its Asian life insurance unit, American International Assurance Co. Ltd., on the Hong Kong Stock Exchange, and appointed ...
Source: BestWire   Date: July 19, 2010
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