Country: East Asia Page 211 / 215
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- July 3 2015
China’s CNinsure sells stake to J&R
Manufacturer and supplier of fire protection and safety equipment, expected to hold approximately 5.5% of CNinsure's outstanding shares.
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- July 2 2015
China’s Anbang Insurance acquires Belgian bank
Chinese insurer officially acquires Delta Lloyd Bank Belgium, one of the oldest banks in the Country.
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- July 1 2015
China Re set to launch first Chinese earthquake catastrophe bond
Bond is expected to be launched today and will provide cover to debut sponsor China Re on an indemnity basis, according to sources.
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- July 1 2015
US regulators okay Fosun’s US$433m insurance acquisition
Chinese conglomerate receives approval from regulators in Michigan and Washington.
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- June 29 2015
Japan raises quake insurance premiums
Commencing Jan 2017, premiums to be raised by an average of 19%.
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- June 26 2015
China trims insurance rates and establishes investment fund
Reduction in certain insurance rates will save Rmb27bn (US$4.43bn) for employers.
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- June 25 2015
Fubon Financial acquires Hyundai Life Insurance stake for US$199m
Taiwanese financial services firm to acquire stake via its insurance unit, Fubon Life Insurance.
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- June 25 2015
China’s largest P&C insurer gets Moody’s upgrade
IFSR of PICC P&C upgraded to Aa3 from A1, with stable outlook.
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- June 24 2015
Swiss Re becomes first Swiss firm to obtain China’s RQFII licence
RQFII programme allows the reinsurer to gain access to the Chinese financial market.
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- June 23 2015
Fosun to buy Israeli insurer Phoenix for US$471m
Phoenix Holdings owner, still has the option to cancel the deal if not closed after five months.
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- June 22 2015
Changes sought for Japan Post Insurance Co, ahead of planned IPO
Lawmakers looking to raise the maximum amount of insurance coverage at JPI.
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- June 19 2015
Taiwanese insurers hold US$288bn overseas assets
US denominated bonds form the majority of the overseas holdings.
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- June 18 2015
China’s business vehicle insurance programme to go nationwide by 2016
The programme seeks to encourage safe driving in the country.
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- June 18 2015
Japan Post Insurance Co to list on the Tokyo Stock Exchange
Final IPO date and expected price to be announced by the Government.
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- June 17 2015
South Korea offers MERS insurance for visitors
Free coverage aimed at relieving concerns over the MERS outbreak in Korea.
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- June 17 2015
Hong Kong official calls for establishment of insurance authority
Statutory licensing regime for insurance salesmen also called for.
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- June 16 2015
China Pacific Insurance to invest US$5.2bn in China Railway
Investment allows Chinese Insurer to broaden its investment channels of insurance capital.
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- June 15 2015
Taiwan’s Nan Shan Life to acquire AIG unit for US$158m
Nan Shan Life to buy the personal and SME insurance businesses from AIG's unit in Taiwan.
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- June 15 2015
Insurance payout for Yangtze accident to hit US$14.8m
Payout involves 340 contracts underwritten for parties involved with the incident.
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- June 12 2015
Japan’s Tokio Marine to acquire HCC Insurance for US$7.5bn
Overseas acquisition set to be biggest ever entered into by a Japanese nonlife insurance firm.
