Hong Kong
ING reportedly close to sale of Thailand and Hong Kong units
ING Group is nearing an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li, Reuters reported today, quoting sources close to the matter.
Q&A with Fiona Le Poidevin, Guernsey Finance
After taking over from Peter Niven in July, Fiona Le Poidevin is just three months into her role as chief executive of Guernsey Finance, the promotional agency for the island of Guernsey. She spoke to Francesca Nyman about raising Guernsey's profile, the…
Manulife Maylaysia appoints new CEO
Manulife Insurance Berhad (Manulife Malaysia) has appointed George Chew as chief executive.
William Russell alters Hong Kong claims process
International expatriate insurance provider William Russell has changed its out-patient claims procedure for Hong Kong-based clients.
Hong Kong and Taiwan seek insurance cooperation
Hong Kong and Taiwan are negotiating cooperation agreements on insurance regulation and arbitration, it emerged last week.
AIA appoints new non-executive director
AIA Group has appointed Barry Chun-Yuen Cheung as an independent non-executive director of the company.
Worrying level of underinsurance exposed in HK
The chief executive of AIA Hong Kong has expressed deep concern after a survey by the University of Hong Kong revealed this week that a third of the country's adults do not have insurance.
Asian weddings: An insurance dilemma
Wedding insurance is growing in India as families spend a collective $16bn on marriage celebrations. However, as Nicky Burridge reports, the chances of its spreading further into Asia look unlikely.
PICC could delay Shanghai listing
People's Insurance Company (Group) of China may seek as much as $3bn in an initial public offering in Hong Kong in October or November while postponing a Shanghai listing, Bloomberg news has reported.
Kiln bolsters European operation with Frankfurt hire
Specialist insurance and reinsurance underwriting group Kiln has appointed a new property underwriter in Frankfurt.
China Taiping posts drop in H1 net profit
China Taiping Insurance Holdings posted reduced net profit of HK$536.67m for the first half of 2012, down from HK$792.4 in the previous year.
Supply chain problems and insurer solutions
There is a common belief that supply chain claims are linked most often to natural disasters, but research shows that this is not true. Jacqueline Legrand explains why highlighting this myth to customers can go a long way to mitigate against the real…
Wu replaced on CNinsure board by Shang
CNinsure has confirmed the resignation of Shangzhi Wu from the company's board of directors following the expiration of his tenure and the appointment of Xiaojun Shang, effective 24 August.
Hong Kong tops IPMI inflation at 12.7%
International private medical insurance premiums are rising at an average rate of 10.8% annually, according to a new report.
Asia View from the Top: Risk and opportunity abound
The economy of Asia has been rapidly growing. It now accounts for one-third of world gross domestic product and is likely to exceed 50% by 2050.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
China Taiping exits NZ market amid rumours of reinsurance difficulties
China Taiping Insurance is withdrawing from the New Zealand market with immediate effect.
AIA posts 28% rise in new business in H1
Pan-Asia life insurer AIA Group posted a 28% rise in the value of new business to $512m in the first half of 2012.
Insurance regulatory regime takes hold in Hong Kong
As Europe moves towards increased regulation, Ann Leung explores how the trend for increasing corporate governance in Hong Kong is affecting regulation of the insurance industry.
Insurance CEOs see Asia as most important for growth
Insurance chief executives see Asia as the most important growth region over the next 12-24 months, according to a survey by the Geneva Association.
Insured losses from Vicente estimated to be $100m to $300m
Economic losses from typhoon Vicente, which struck Hong Kong on 23 July, are expected to be $600m to $1.5bn, catastrophe modelling firm Eqecat said.
Draft rules offer China's insurers more investment scope
Chinese insurers will be able to double their investments in private equity along with trading financial derivatives at home and abroad, according to Reuters.
HK Stock Exchange resumes trading as typhoon warning lowered
Hong Kong lowered its cyclone warning on Tuesday and its markets resumed trading after Typhoon Vicente, the most intense storm to hit the city since 1999, moved towards China.
Willis strengthens leadership in Asia and Middle East
Willis International has created three regional business units under new and expanded leadership in recognition of the size, growth and strategic importance of its Asia Pacific, Middle East and Africa operations to Willis Group Holdings.