Asia
South African life insurer Discovery moves into Japan
South Africa’s third largest insurer by market value, Discovery, has teamed up with Japan’s Sumitomo Life Insurance and SoftBank Group to launch life products into Japan, the company has announced.
Higher sector risk after Singapore bond defaults
Asset managers believe that the country’s bond defaults are a concern, but stopped short of saying they would spread outside the energy-related sectors.
In China, passive outdoes active
Over the trailing three years, more passive China equity funds than actively-managed ones had returns of 20% or more, according to FE data.
Hong Kong insurance companies defy 2015 asset dip
Insurance companies in Hong Kong reported a 3.5% increase in assets under management to HK$468bn (£45.6bn, $60.3bn) during 2015, compared with a decrease of 1.6% for the jurisdiction’s combined fund management business.
Axa Life’s Singapore CEO steps down in restructure
Chief executive of Axa Life Insurance Singapore, Glenn Williams, has stepped down after 15 years with the Axa group following a restructure of the business.