Asia
AIA pays $2.4bn for Aussie and New Zealand life insurers
The Commonwealth Bank of Australia has sold its life insurance businesses in Australia and New Zealand to AIA Group for A$3bn (£1.8bn, $2.4bn, €2bn).
Indonesia hunting for hidden wealth
Indonesia’s mammoth $368bn tax haul has been followed by new regulations aimed at tracing and taxing money that was not declared during the nine-month amnesty that ended in March.
Foreign insurers forced to meet Malaysian 70% ownership cap
Insurance companies in Malaysia are looking to sell just under a third of their local businesses to comply with a 70% cap on foreign ownership.
Online insurer ZhongAn eyes life market
Online-only insurer ZhongAn Online Property and Casualty Insurance is planning to offer life insurance and healthcare products to accelerate growth after going public in Hong Kong.
Globaleye names global managing director
Financial advisory firm Globaleye has a new managing director (global) in the form of Byron Murphy.