Asia
Hong Kong insurer QBE to be Manulife’s exclusive supplier
Canada-based financial services group Manulife has agreed to make Hong Kong insurer QBE its exclusive supplier of general insurance products in the special administrative region.
Aviva launches 280-strong Singapore advice business
The UK-headquartered insurer has set up a financial advisory firm in Singapore called Aviva Financial Advisers, offering advice on a full range of life, health, general insurance, and investment products.
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.