Asia
STM launches Australian expat super fund
The STM Group has launched a Gibraltar-based Australian superannuation scheme targeted at the expat market as part of a broader move into Australia’s retirement market.
Canada’s Sun Life to expand into Singapore and Thailand
The Hong Kong arm of Canada’s Sun Life Financial plans to expand into Singapore and Thailand in a bid to widen the insurer’s presence in Asia, Reuters has reported.
Australia to allow 60% commissions on life insurance products
Australia’s government has confirmed it will allow life insurance brokers to pocket commissions as high as 60%, after resisting calls for them to be banned altogether.
FPI Singapore director Simpson quits, HK head moves to Aviva
Sweeping changes at FPI’s Asia operations sees the departure of long-standing Singapore sales director Toby Simpson, and interim appointments put in place after Hong Kong regional head Charles Barrows takes on a role to build Aviva’s Indonesia life business.
Generali to exit Guatemala and Liechtenstein
Italy’s largest insurer Generali is set to pull out of Guatemala and Liechtenstein after signing agreements to sell its operations in two separate deals.