Asia
AIG agrees to sell Japanese life insurance unit to FWD
American International Group (AIG) has agreed to sell its Japanese life insurance business to one of Asia’s most prominent insurers FWD Group for an undisclosed sum.
Regular premium sales up nearly 20% in Asia, reports Prudential
Prudential reported a 19% increase in new business profit for the first nine months of the year, driven mainly by a strong performance at its Asian life business.
Sanlam increases stakes in two Indian insurance companies
South African financial services group, Sanlam has acquired bigger stakes in two Indian insurance companies, following recent regulatory changes that allow up to 49% foreign shareholding in insurance companies in the country.
Cost of life policies in Taiwan expected to spiral by 20%
The cost of life insurance policies is expected to rise by as much as 20% next year as the Financial Supervisory Commission (FSC) tightens reserve requirements.
What China’s debt pile and ’80s England have in common
There are a number of parallels to be drawn between the current debt overhang in China and 1980s Britain, particularly in the northeast, says Matthews Asia chief investment officer, Robert Horrocks.