Asia
South Korea’s ING Life Insurance applies for IPO listing
Seoul-based ING Life Insurance Korea, South Korea’s fifth-largest life insurer, has applied for an initial public offering (IPO).
Forecasts frustrated by too many unknowns
Caution should prevail while economists struggle with forecasts in a climate of too many unknowns, according to François Duhen, chief economist and strategist at Swiss banking group Crédit Mutuel-CIC.
China’s ‘barbaric’ insurers continue to invest in risky assets
Life insurers in China will continue to invest in risky assets, despite a recent clampdown by the country’s insurance regulator amid a string of high-profile suspensions over stock market speculation, according to a report by Moody’s Investors Service.
Sales of life products in Singapore grow by 15%
Singapore’s life insurance industry continued to grow in the fourth quarter of last year driven by rising sales in annual premium products, latest figures show.
HSBC GAM launches Asian high income product
HSBC GAM has launched a new product called the Asia High Income Bond Fund, which is said to have a balanced approach between the firm’s existing Asian bond and high yield strategy.