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Panama's New Insurance Law Opens New Channels in a Growing Insurance Market
Antonio Eleta, general manager of Panama for Pan-American Life Group. Unlike past versions of the bill, which have surfaced several times since 2008, the new law had been broadly ...
Source: BestWire   Date: April 4, 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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Airmic CEO Warns of Spreading Reputational Risks from Media
International Group, Arthur Andersen, BP and the U.K. bank Northern Rock. The research looked at 18 organizations with a combined value of more than $6 trillion. Each had been hit ...
Source: BestWire   Date: June 8, 2011
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Benmosche: Piloting AIG to Success Can't Involve Second Guesses
Hudson River when both engines died. The flight simulator was set up so Benmosche, president and chief executive officer of AIG, was flying the plane above New York City when both ...
Source: BestWire   Date: June 8, 2011
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Insurers Seek New Growth Outlets in Taiwan's Saturated Market
Celent in a market report. The market still offers potential for untapped opportunity. As for retirement plans, many Taiwanese are interested in individual annuity products due to ...
Source: BestWire   Date: March 2, 2010
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China's Insurance Market Concludes a Decade of Rapid Evolution
... China National Petroleum Corp. (CNPC), won approval to establish in China in January 2002 and became the first Sino-foreign insurance joint venture to operate insurance business ...
Source: BestWire   Date: January 19, 2010
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Lessons From HIH Collapse Helped Australia's Insurers Through Current Financial Crisis
University of New South Wales. In the past decades, similar problems had "repeated and repeated" again. "People just forgot about the lesson learned from the events," he noted. "We ...
Source: BestWire   Date: December 22, 2009
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Zurich Looks Into Broader and Deeper Life Expansion in Asia
Mario Greco, CEO of global life insurance at Zurich. Indonesia's life insurance penetration is low at 0.9% in terms of gross domestic product, according to Swiss Re's [85009] sigma ...
Source: BestWire   Date: December 1, 2009
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Buyers Of AIG's Taiwan Life Assets Face More Regulatory Hold-Ups
Chinatrust through a subscription of 1.17 billion shares of Chinatrust's common stock at NT$17.74 (US$0.55) per share (BestWire, Nov. 18, 2009). The deal is subject to regulatory ...
Source: BestWire   Date: November 27, 2009
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AIG's Nan Shan Sale Held Up as Regulators Seek More Documentation
Primus Financial Holdings Ltd. and China Strategic Holdings Ltd., to submit more documents for further review. The requirement for more documents was "not a rejection" of the bid, ...
Source: BestWire   Date: November 19, 2009
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Chinatrust Challenges AIG's Nan Shan Deal in Taiwan
Chinatrust Financial Holding Co., one of the bidders for American International Group Inc.'s [18540] Taiwanese life unit, is challenging AIG's deal to sell the unit to a consortium ...
Source: BestWire   Date: November 4, 2009
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AIG Cleared to Replace Its Beijing Representative Office Chief
Beijing representative office. According to AIG, Beijing-based Murray, who was named managing director of the research team of AIG Asia in 2007, runs AIG's corporate research ...
Source: BestWire   Date: October 16, 2009
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For Mutuals, Financial Crisis Creates an Opening--Along With Potential Pitfalls
Bardswick said in a speech at the conference. Speakers at the conference pointed to several advantages they now see in their corner: conservative investing, local expertise, ...
Source: BestWire   Date: October 12, 2009
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Australia's Regulator Touts Vigilance Over Systemic Risk
... Compensation Practices, according to APRA. To empower and embolden boards to determine sound remuneration arrangements for all staff who can "materially affect" the performance of ...
Source: BestWire   Date: September 15, 2009
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The Rescue of AIG Triggers Asia-Pacific Regulatory Reforms
The credit crisis of American International Group Inc. [18540], and the U.S. government intervention it triggered, is raising questions about whether such intervention is creating ...
Source: BestWire   Date: September 15, 2009
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After AIG's Stumble, Asia-Pacific Regulators Rethink Cross-Border Strategies
... Asian insurance regulators. Lessons Learned According to the CIRC, the AIG case has brought a series of revelations to regulators, motivating them to strengthen supervision on ...
Source: BestWire   Date: September 15, 2009
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State of Change
Financial Times of London reported that the U.K.'s Association of British Insurers sent a letter to the U.K. Treasury warning that the industry would need billion of pounds in ...
Source: BestWire   Date: September 7, 2009
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BestWeek: AIG's Near Fall Sends Ripples Through Industry Pricing, Underwriting, Competition
Saturday afternoon, Sept. 13, 2008. From discussions with then-New York Insurance Superintendent Eric Dinallo, Ario knew AIG was headed for ratings downgrades come Monday, but no ...
Source: BestWire   Date: September 4, 2009
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China's Motor Insurers Rev Up the Premiums, But Claims Costs Prove Hard to Control
Jenny Lai, consultant at Towers Perrin. Overall, competition and focus on premium growth have come at the cost of profitability, noted Lai. It is impossible to reckon how ...
Source: BestWire   Date: September 1, 2009
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Taiwan Regulator: Nan Shan Bidders Need to Show Long-Term Business Goals
The bidding closed a second round on Aug. 28. Nan Shan declined to comment on the bidding and any further timeline for its conclusion. The Financial Supervisory Commission affirmed ...
Source: BestWire   Date: August 31, 2009
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