Asia
Tune Group plans to float insurance arm
Malaysia's Tune Group, a conglomerate owned by AirAsia Bhd's founders, is to list its insurance arm to fund overseas expansion.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Hong Kong and Taiwan seek insurance cooperation
Hong Kong and Taiwan are negotiating cooperation agreements on insurance regulation and arbitration, it emerged last week.
Air Worldwide expands in Asia-Pacific with Singapore office
Air Worldwide is opening an office in Singapore to meet the expanding needs of clients in the Asian insurance market.
Kiln appoints Garland as chief operating officer
Kiln, the international specialist insurance and reinsurance underwriting group and part of Tokio Marine, announced today that it has appointed Denise Garland as chief operating officer.
Indian regulator supports raising FDI cap
India's insurance regulator has echoed calls from insurers to raise the country's foreign direct investment cap to 49% from 26%, saying the injection of foreign funds would benefit the country's insurance industry.
Perception of insurance changing with next generation of Kazakhstanis
After being negatively affected by the global financial crisis Kazachstan's insurance market has enjoyed a strong recovery over the past two years which is continuing into 2012, according to a report by AM Best.
AIA wins race to buy Aviva's Sri Lanka insurance arm
British insurer Aviva has accepted a bid from AIA group subsidiary, American International Assurance Company, for its 58.44% interest in Aviva NDB Holdings Lanka for £31m.
Aviva sells Sri Lanka business
Aviva is to sell a controlling interest in its Sri Lankan operation to American International Assurance.
Liability insurance buying on the rise for EMEA firms
Companies in Europe, the Middle East and Africa are buying higher levels of liability insurance as fears increase over possible claims during the economic downturn.
Guy Carpenter opens Athens office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens, the broker said today.
Top five Asian stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Aviva sets bid deadline for Malaysian unit
British insurer Aviva and Malaysian bank CIMB Group Bhd have set a 29 October deadline for suitors to place binding bids to buy their Malaysian insurance joint venture, in a deal worth at least $500m, according to Reuters.
AIA appoints new non-executive director
AIA Group has appointed Barry Chun-Yuen Cheung as an independent non-executive director of the company.
Takaful's key markets diverging, says S&P
Takaful companies in south east Asia appear more healthy and sustainable than their counterparts in the Gulf, according to the latest report by Standard and Poor's.
Haagen replaces Karner as AGCS aviation head
Allianz Global Corporate & Specialty has appointed Henning Haagen as global head of aviation for its European, Middle East and Asia and Asia Pacific divisions.
Indian regulator issues guidelines for general insurance IPOs
General insurance companies planning to tap the capital market for funds must have been in business for at least 10 years and will have to seek prior approval from the regulator, India's Insurance Regulatory and Development Authority said in draft…
Fitch affirms Tugu Pratama's 'AA-' IFS rating
Fitch Ratings has affirmed PT Tugu Pratama Indonesia's national insurer financial strength rating at 'AA-' with a stable outlook.
Howorth to replace Merritt as CEO of JLT Asia
Jardine Lloyd Thompson Group has appointed Duncan Howorth as chief executive of JLT Asia with effect from 1 January 2013.
Ace aquires Indonesian broker
Ace Group has acquired an 80% stake in PT Asuransi Jaya Proteksi.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Commercial health products 'more effective' than relying on goverment, Chinese minister says
China's government plans to work with private insurers to expand national health cover in a bid to close the mortality gap between rural and urban residents while keeping costs low, according to Bloomberg's Businessweek.
Tokio Marine to sell takaful through Saudi joint venture
Tokio Marine Middle East, the Dubai-based regional hub of Japanese insurer Tokio Marine, is to launch a new Saudi joint venture, according to reports in the local press.
Credit insurers Garant and ASEI enter partnership
Austrian political risk insurer Garant Versicherungs AG and state-owned export credit agency Asuransi Ekspor Indonesia have entered into a commercial partnership to improve the export credit and political risks cover available to their clients.