A mental health screening exercise conducted by Hong Kong during the last four months of 2024 found that out of the 11,000 residents examined, nearly 6% needed further psychological testing or care. The exercise was conducted by the government of Hong Kong and was free of cost.
Prudential has appointed Mr Ray Farris as chief economist. In this new created role, he will drive economic analysis and insights for both Prudential and Eastspring Investments, Prudential's asset management arm.
The Taiping Reinsurance Company through a special purpose insurer Silk Road Re has issued $35m catastrophe bonds that offer three years of protection starting 1 January 2025 by covering named storms in the US and earthquakes in mainland China.
Marsh McLennan has appointed Mr Seth Peller as CEO of Hong Kong and Macau, subject to regulatory approval. He will take up his new role in addition to his current position as CEO of Taiwan.
OCBC has agreed to sell its entire stake in Hong Kong Life Insurance to a Hong Kong investment holding company for HK$589.3 million (US$75.9 million).
Hong Kong's insurance regulator, the Insurance Authority (IA), has appointed its non-executive directors.
Chow Tai Fook Life Insurance Co (CTF Life) has become the exclusive Founding Insurance Partner of Kai Tak Sports Park (KTSP), forming a strategic partnership to foster the integrated development of sports, culture and tourism.
Tahoe Life Insurance has appointed Mr Glen Ho and Mr Ivan Chan as joint and several managers.
Life insurance company BOC Life has launched a "retirecation" programme for Hong Kong residents by linking up with Bank of China (Hong Kong) and leveraging the advantages of "banking + insurance" to provide them with a solid financial foundation for their retirement.
The growth in value of new business (VNB) at Chow Tai Fook Life Insurance Company (CTF Life) was strong in FY2024, notes Fitch Ratings.