Life
Evergrande looks to offload life arm to help settle debts
As it confirms sale of nearly 20% stake in Chinese bank
Digital insurer buys majority stake in Chinese life company
It will pay CNY42.7m for the 56.2% share and provide CNY15m in capital
Hansard ‘reliant’ on covid improvements for Japan launch
As the firm reports 9% rise in profit before tax for 2021 financial year
NRIs reluctant to buy life cover
They ‘have a false sense of perpetuity and do not feel the need for insurance protection’
Sale of Aegon eastern European business blocked
But insurance giant and acquirer will appeal the decision