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insurance
How investor portfolios are evolving to prepare for volatility's return
SINGAPORE (Apr 25): Despite long-running investor expectations of a spike in volatility, professional fund buyers are remaining split over the consequent impact on their portfolios.
April 25, 2018
Fintech
Allianz becomes Go-Jek's sole international insurance shareholder with US$35 mil investment
SINGAPORE (Apr 11): Financial services provider Allianz says it has invested US$35 million ($45.8 million) in Indonesian ride-hailing platform Go-Jek through its digital investment unit, Allianz X.
April 11, 2018
DBS launches 15-year regional general insurance distribution partnership with Chubb
SINGAPORE (Jan 2): DBS Bank and Chubb, the world’s largest publicly-traded property & casualty insurance company, have launched a 15-year regional general insurance distribution partnership agreement in Singapore, Hong Kong, China and Taiwan.
January 02, 2018
Broker's Calls
The long-term risks faced by OCBC with reduced stakes in Malaysian insurance operations
SINGAPORE (Sept 26): Maybank Kim Eng is maintaining its “hold” recommendation on OCBC Bank with an unchanged price target of $11.05 pending further details of reduced stakes in the Malaysian business of its 87.9%-owned insurance arm, Great Eastern Hol
September 26, 2017
Great Eastern may sell Malaysian operations for close to US$1 bil
SINGAPORE (Sept 19): Singapore’s Great Eastern Holdings is said to have engaged at least one Malaysian bank to explore selling its stake in its Malaysian operations for as much as US$1 billion ($1.35 billion).
September 19, 2017
Malaysia
Foreign insurers plan US$2 billion of Malaysia deals
(July 20): Overseas insurers including Prudential Plc are pursuing plans to sell stakes in their Malaysian units, in deals that could raise at least a combined US$2 billion ($2.74 billion) and help them comply with foreign ownership limits, people with kn
July 20, 2017
Overseas Assurance Corporation rebrands to Great Eastern General Insurance in Singapore
SINGAPORE (July 11): Overseas Assurance Corporation (OAC), the general insurance arm of OCBC’s 87%-owned subsidiary Great Eastern Holdings, has been rebranded as Great Eastern General Insurance (GEG) in Singapore.
July 11, 2017
Senate GOP health proposal would leave 22 million uninsured
NEW YORK/WASHINGTON (June 27): Senate Republicans’ plan to replace Obamacare will increase the number of uninsured Americans by 22 million, raise costs for many people currently enrolled in private insurance and slash Medicaid by billions of dollars, ac
June 27, 2017
China Focus
Anbang shows billionaires should be nervous in Xi’s new China
SINGAPORE/HONG KONG (June 15): China’s billionaires are learning yet again that wealth and power are no longer enough to keep them out of trouble.
June 15, 2017