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...
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...
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group March 19, 2020 By Manuel Baigorri Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...
Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources October 11, 2018 By Manuel Baigorri and Joyce Koh Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast...
China’s Ping An Insurance Profits Rise 34% in First Half, Biggest in 10 Years August 21, 2018 Ping An Insurance Group Co of China , the country’s largest insurer by market value, on Tuesday reported its biggest...
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap August 13, 2018 China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year...
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources August 18, 2016 By Joyce Koh, Komaki Ito and Oliver Suess Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance...
Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout July 15, 2016 By Bella Genga A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales...