Latest Asia Headlines
All the headlines from our Asia Topic Page, ordered by recency.
Floods Continue to Punish Asia, Killing Nearly 140
Oct 8 2010 // Asia’s death toll from vicious rains spiked Thursday to nearly 140 as disaster officials reached previously isolated areas in Vietnam, while the worst flooding in parts of southern China in nearly a half-century...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
Ratings Recap: Tapiola, Congregational, Asian Re, Int’l. Energy, Leadway
Sep 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Finland’s Tapiola General...
Asia Faces Higher Losses from Disasters, Report Says
Sep 21 2010 // China, India and Indonesia are likely to face much higher losses from natural disasters in coming decades as their economies grow faster than their capacity for disaster prevention and relief, a new report has...
Marsh Reports Asia Deal Makers Focus on Heightened Risk Mitigation
Sep 14 2010 // A report from Marsh’s London office notes that “investors in Asia are returning to the merger and acquisition table with a renewed interest in risk mitigation tools such as Warranty & Indemnity Insurance...
Australia Regulator Blocks NAB’s $12 Billion AXA Asia Pacific Bid
Sep 9 2010 // Australia’s competition regulator has again blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific, dealing a blow to NAB’s 9-month efforts to cement its dominance in the world’s...
Aon Monthly Cat Recap Highlights Asia Floods, Atlantic Storms
Sep 3 2010 // Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25...
Manulife, Ace among Bidders for NY Life Asia – Sources
Aug 27 2010 // Canadian insurer Manulife Financial Corp and Switzerland’s Ace Ltd are among bidders for New York Life Insurance Co’s Hong Kong, Taiwan and South Korean assets, sources said, in a deal valued between $800...
ICC Survey Concludes Economy is Rebounding ‘at a Slower Pace’
Aug 18 2010 // The world economy continued its rebound from the worst recession in decades, according to the quarterly ICC/Ifo World Economic Survey released today, but at a slower pace. The survey concluded that “some regions,...
UK’s Prudential Trims Cost of Botched AIA Deal
Aug 12 2010 // Insurer Prudential said its failed bid for AIG’s Asian unit will cost less than first expected, and confirmed that the bungled takeover attempt has killed its appetite for big M&A deals. The bid for Hong...
China’s Economy Set to Pass Japan’s as World’s Second Biggest
Aug 2 2010 // China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it...
Bowring Marsh Opens New Office in Hong Kong
Jul 21 2010 // Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its footprint in Asia with the opening in Hong Kong of its ninth office, specializing in property, earthquake, business interruption and...
Ex-Prudential (UK) CEO Tucker Named to Head AIA before IPO
Jul 19 2010 // Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock...
Aon Benfield Launches First Pan-Asian Typhoon Model
Jul 19 2010 // Impact Forecasting, Aon Benfield’s catastrophe model development center, has launched the first fully functional Asian typhoon model to span the continent. “The new model will help insurers analyze the...
AIG Names Miller Chairman, Following Golub’s Resignation
Jul 15 2010 // American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the...
AIG Board to Consider AIA’s Future; IPO Seen Most Likely Option
Jul 13 2010 // The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA,...
AIG CEO, Chairman At Odds Over Failed Sale of Asian Life Unit
Jul 2 2010 // American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar...
Resolution Close to $4 Billion AXA Deal
Jun 14 2010 // Resolution said it was close to buying AXA’s British life insurance arm, kick-starting its plan to consolidate the UK life market and freeing the French insurer up to focus on high-growth Asia. Resolution, set up in...
AXA Extends Talks with National Australia Bank on AXA Asia Pacific Deal
Jun 2 2010 // AXA, AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) announced that they have agreed to “extend until July 15, 2010 end of day the agreement relating to the proposed transaction...
AIG Rejects Lower Prudential Offer for AIA; Deal in Jeopardy
Jun 1 2010 // American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry’s largest...
