Asia
pru profits soar to 2bn as thiam leaves
Prudential generated total IFRS profit before tax of £2bn last year, boosted by its Asia business which became the companys most profitable division for the first time.
infinity in shanghai jv with essential finance
Infinity Financial Solutions, a Malaysia-based advisory firm which specialises in looking after expatriates living in Asia, has agreed a joint venture deal with Shanghais Essential Finance to look after clients in China.
hwang im targets myr20bn aum in five years
One of Malaysias largest investment management companies, Hwang Investment Management, has announced plans to grow its assets to myr20bn within the next five years.
axa buys hsbc p and c arms
Axa will acquire HSBCs property and casualty businesses in Hong Kong, Singapore and Mexico, the firm announced today. The French insurance giant has also signed an exclusive ten-year P&C bancassurance deal with HSBC in these countries, as well as in India, Indonesia and China.
hk commissioners letter reignites issue
A letter sent last week by Hong Kongs Commissioner of Insurance to Hong Kong’s insurance industry practitioners has sparked surprise and frustration among many independent insurance brokers and IFAs, with its implication that commission disclosure is to be fully compulsory within two months.