According to Fitch Ratings a recent string of defaults due to corporate governance failings in Indonesia's financial industry highlights governance remaining a major risk for creditors and investors.
Beijing headquartered Tianan Life Insurance has chalked up net losses in the last 10 years that totalled CNY10bn ($1.4bn).
Insurance premiums surged by 15.9% to TRY33.1bn ($4.8bn) for the first five months of this year, compared to the corresponding period last year, despite the economic difficulties caused by COVID-19, Turkey Insurance Association (TSB) has announced.
General (re)insurance broker Pana Harrison (Asia) has announced that the Monetary Authority of Singapore has approved Mitsui & Co's investment in the firm. Mitsui is effectively an equity shareholder of Pana Harrison on completion of the transaction.
Majority of international companies with a large presence in the United States feel that the United States and other advanced economies will "become more protectionist in terms of cross-border mergers and acquisitions and trade and government procurement."
A news report by Thomson Reuters Foundation says leading health experts are of the opinion that the coronavirus pandemic is a preview of the types of global health threats that will emerge as the planet becomes hotter and how it is tackled will have implications for dealing with climate threats as well.
LIG Insurance (China), a wholly-owned subsidiary of Korean insurer KB Insurance, has generated positive net profits consistently over the past five years, notes AM Best. Stable interest income, derived from a highly conservative investment portfolio, continued to be the main driver of its operating performance which helped to offset marginal underwriting results.
A recent report by Fitch ratings reveals that Korean insurers in their search for higher investment returns and longer asset duration are increasingly investing overseas, although hedging costs could remain a dampener.
Someone walked away S$9 million dollars richer in Singapore after the recent lottery draw results. But is it luck or a curse? Here's a timely reminder on the importance of money management as we learn from the experience of someone who blew through his lottery winnings and is back working as a Grab driver.
How is the COVID-19 coronavirus epidemic affecting the market? Sun Life Asset Management shares in this market commentary. Here are three key points that you can keep in mind if your clients are asking about the situation.