Asia
singapore life insurance sales rise 8
Sales of insurance products in Singapore rose 8% in the third quarter and 10% in the three quarters to the end of September compared with the same periods last year, as investors showed a marked preference for annual premium investments, the Life Insurance Association of Singapore reported.
prudential expands in thailand with bank deal
Prudential has agreed a significant long term bancassurance deal with Thailand’s fifth biggest retail bank, Thanachart Bank.
axa hsbc property and casualty insurance
An alliance between Paris-based insurance giant Axa and London-based global banking giant HSBC, in the area of property and casualty (P&C) insurance, has moved forward, with the completion of Axa’s acquisition of the bank’s P&C operations in Hong Kong and Singapore.
resolution in discussions on possible sale
Resolution Ltd has confirmed that its Friends Life subsidiary is “in discussions on the possible sale of its 30% stake in AmLife Insurance Berhad and AmFamily Takaful Berhad” back to its partner in the joint venture arrangement, Kuala Lumpur-based AmBank Group.
employee choice opens for mpf investors
Investors in Hong Kong will, from today, be allowed to transfer contributions they have made into the national Mandatory Provident Fund to an MPF trustee and scheme of their choice.