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Asia

ING sells South Korea unit

ING, which was bailed out by the Dutch government in the financial crisis, has sold the majority of its stake in its South Korean life insurance arm.

China's central bank to lead regulation meetings

The governor of People's Bank of China Zhou Xiaochuan is set to chair a regulatory committee made up of the regulators for banks, securities firms, insurance and the foreign exchange.

Chinese broker boss found in Fiji

Chen Yi, the head of Shanghai Fanxin Insurance Agency, has been found in Fiji and has been extradited to China after it is alleged she had fled the country.

Express train crashes in India

37 Hindu pilgrims were killed and several injured when the train crashed into the pilgrims at a railway station in the eastern Indian state of Bihar.

Opportunities reducing for China motor tie-ups, says KPMG

Foreign insurers are looking to capitalise on the opening of the motor market and rising M&A activity in China. This follows the removal of restrictions to write compulsory third party liability insurance, according to a new industry survey by KPMG.

Heavy flooding in China kills more than 90

Hundereds of thousands of people have been caught up in the worst flooding in decades in North-East China and also in Guangdong province, South China, with at least 90 people being killed.

Zurich's results hit by floods in Europe

Zurich has reported a business operating profit of $2.3bn for the first half of the year (till 30 June), down 9% over the same period in 2012, and a net income attributable to shareholders of $1.9bn, down 17%.

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