Hong Kong Hits AIA With Record Fine for Anti-Money Laundering Lapses August 2, 2024 By Bei Hu and Kiuyan Wong AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money...
Hong Kong Reports Its Highest March Temperature in 140 Years March 25, 2024 By Bei Hu Hong Kong’s temperature on Sunday reached the highest recorded level during the month of March in 140 years, according to...
CFO of UK’s Prudential Resigns Amid Probe Into Conduct May 31, 2023 By Bei Hu Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related...
AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets November 25, 2020 By Bei Hu AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The...
China Growth Helps Raise AIA Q1 New Business Value May 4, 2018 By Bei Hu AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in...
AIA Buys Commonwealth Bank of Australia’s Life Insurance Business for A$3.8B September 21, 2017 By Emily Cadman and Bei Hu AIA Group Ltd. agreed to buy Commonwealth Bank of Australia’s life insurance business for A$3.8 billion (more than $3 billion),...
AIA 2015 Net Income Drops 22% on Weak Asian Currencies, Market Volatility February 25, 2016 By Bei Hu AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 22 percent decline in full-year profit as weaker...
AIA New Business Value Advances 21% in First Half on China July 24, 2015 By Bei Hu AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 21 percent increase in new business value as...
Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer June 10, 2015 By Komaki Ito, Kathleen Chu and Bei Hu Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by...
AIA Reports 20% Hike in New Business During 1st Quarter April 24, 2015 By Bei Hu AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in...