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 Insurer AIA in Talks to Buy Philippine’s MediCard: Sources September 22, 2022 By Manuel Baigorri and Elffie Chew AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the...
AIA Weighs Purchase of Billion-Dollar Shanghai Tower as Its Expands Business in China August 8, 2022 By Bloomberg News Insurance giant AIA Group Ltd. is in talks to purchase an office at a prime location in Shanghai as it...
Malaysian Central Bank Sets 2023 Cutoff for Foreign Insurer Stake Sales: Sources July 18, 2022 By Elffie Chew Malaysia’s central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures...
AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M March 7, 2022 Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services...
Hong Kong’s AIA Group Sells Nearly $10 Billion of Coal Investments December 7, 2021 By Denise Wee AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure...
AIA Group to Buy Life Insurance Business of Bank of East Asia March 24, 2021 By Sumeet Chatterjee Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of...
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...
Equity Volatility Is Most Significant Risk for Investors: AIA Group CIO September 30, 2020 By Divya Chowdhury Heightened equity market volatility extending beyond the U.S. presidential election is the most significant risk for investors, AIA Group’s chief...
China’s Insurance Giant Ping An Increasingly Focuses on ‘Technology Plus Finance’ December 3, 2019 By Bloomberg Markets Just 31 years after it was founded in China’s southern city of Shenzhen, Ping An Insurance (Group) Co. has grown...