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Insurance
Fitch Ratings has upgraded life insurer AIA Group Limited's Long-Term Issuer Default Rating (IDR) to 'AA-' from 'A+' and affirmed the Insurer Financial Strength Ratings of AIA Company Limited and AIA International Limited at 'AA'. 23 November 2017
Insurance
Hurricanes in North America have reduced Sompo’s consolidated net profit to ￥1.9 billion ($20 million) in the six months ended Sept. 30 (first half of Sompo’s financial year) compared to ￥43.4 billion in the same period a year ago. 20 November 2017
Insurance
Mapfre Re is set to establish a new representative office in Tokyo, Japan with the objective of increasing its reinsurance business in the Asia Pacific region. 20 November 2017
Insurance
China's decision to ease restrictions on foreign ownership of financial institutions will likely pave the way for foreign insurers, fund managers and securities to invest in or compete with China's firms. 16 November 2017
Insurance
Chubb has appointed three executives for its newly-created small commercial division for SMEs in Asia Pacific. 14 November 2017
Insurance
Hong Kong-based Peak Reinsurance Company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore to write reinsurance business in the country. 10 November 2017
Insurance
Insurers in emerging markets - such as China and other Asian markets - are introducing innovative insurtech solutions at a faster rate than those in more developed markets, according to a Willis Towers Watson study. 9 November 2017
Insurance
Insurance and investment firm Starr Companies which is headed by Maurice Greenberg, has discontinued underwriting new business through the Starr Singapore Underwriting Agents representing its Lloyds Syndicate 1919. 8 November 2017
Insurance
Bitspark, a fintech company in Hong Kong developing money exchange technology and placement in the blockchain industry, has secured funding from RGAx, the innovation accelerator of Reinsurance Group of America. 7 November 2017
Insurance
As revealed by Intelligent Insurer on November 1, ACR Capital Holdings has officially confirmed that its acquisition by Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings will not proceed. 7 November 2017
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