Malaysia
Tune Group plans to float insurance arm
Malaysia's Tune Group, a conglomerate owned by AirAsia Bhd's founders, is to list its insurance arm to fund overseas expansion.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Aviva sets bid deadline for Malaysian unit
British insurer Aviva and Malaysian bank CIMB Group Bhd have set a 29 October deadline for suitors to place binding bids to buy their Malaysian insurance joint venture, in a deal worth at least $500m, according to Reuters.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days
Insurance recruitment up in Asia despite slow economy
Asia's insurance firms are still hiring despite the current economic slowdown, bucking the trend of financial services firms across the region, according to Reuters.
Labuan cracks down on unqualified brokers
Only certified professionals will be allowed to operate as brokers in Labuan by the end of 2013 under regulations designed by the Labuan Financial Services Authority to boost the territory’s international reputation.
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.
Great Eastern CEO hails stake sale as "significant step" in China expansion
Great Eastern Holdings has entered into a conditional sale and purchase agreement with Chongqing City Construction Investment to sell 25% of its equity interest in Great Eastern Life Assurance (China) Company for RMB303m (£32m).
Zurich sees decline in European GI profit as pension and commission expenses bite
Zurich Insurance has reported a business operating profit of $2.5bn for the six months ended 30 June 2012, up 17% on 2011.
Oman consults Malaysia over draft Takaful rules
UK law firm Clifford Chance has submitted draft proposals for legislation to cover Takaful in the Sultanate of Oman.
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…
Pakistan takaful industry opens to general insurers
The Securities and Exchange Commission of Pakistan has issued revised takaful rules for 2012 allowing conventional insurance companies to open takaful window operations.
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 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.
Positive outlook for Malaysia's insurance market
The outlook for Malaysia's insurance sector is positive, according to the country's Minister of Human Resource and Development.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Ace launches new home protection product in Asia
Ace Insurance has launched a new home insurance product in Malaysia and Indonesia.
Labuan Re ratings affirmed after capital raising
AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of 'A-' for Labuan Reinsurance.
Asia’s next big growth market
Asia-Pacific is still very much the place to be in insurance terms but as Jenni Marsh reports the less traditional markets, outside of China and Japan, are expected to be the real growth stories in the coming years.
RSA considers expansion in Indonesia, Malaysia and the Philippines
RSA may consider opportunities to expand its presence in Indonesia, Malaysia and the Philippines following an Asian restructure last week.
Multinationals jostle for acquisitions in south east Asia
The fight for a piece of south east Asia's insurance market is heating up as AIA Group, Manulife and Prudential PLC compete for mid-size acquisitions in the region totalling up to $1bn, according to a report by Reuters.
High Net Worth: Asia's growing wealthy and insurers gradually waking up to opportunities
The population of wealthy people in Asia is continuing to soar, creating significant opportunities for insurers offering premium products catering to their needs.
Miller hires Asia treaty reinsurance specialist
Broker Miller has recruited south east Asia treaty reinsurance specialist Chin Kim Sun from Aon Benfield.
Q&A with RSA's Phil Bulgin
Despite media coverage of Asia's restrictive and sometimes protectionist regulatory regimes, the markets remain appealing to foreign insurers. Philip Bulgin, RSA's head of mergers and acquisitions in emerging markets, spoke to Francesca Nyman about Asian…