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Apr
23

Hong Kong Medical Insurance Impasse Resolved

An offer made by the Insurance Companies to partially cover pre-existent conditions brings closer to an end its previous stalemate with the Hong Kong Government. This is perceived in general as a positive development towards the implementation of the proposed voluntary medical insurance scheme.

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Apr
22

Legal Conundrum: AIG Insurance Covers Goldman Sachs Executives

Directors and Officers of embattled Goldman Sachs Group Inc. (GSG) have liability cover provided by American International Group Inc. (AIG). AIG in turn is considering to sue GSG for the roughly US$2 billion (EUR 1.47 billion) in losses incurred whilst holding guarantees to Collateralised Debt Obligations (CDO) issued by GSG.

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Apr
21

CIGNA expands International Expat Benefits Business Operations

CIGNA is on the lookout for a head of Global Marketing to spearhead the initiative undertaken by CIGNA International Expatriate Benefits (CIEB) announced 3 months ago to offer individual Private Medical Insurance (PMI) to customers around the globe.

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Apr
20

Takeover bid of AXA Asia Pacific blocked by Australian Regulator

The takeover bid for AXA Asia Pacific Holdings Ltd. (AAP) by the National Australia Bank (NAB) and the French insurance company AXA SA (AXA) has been blocked by the competition watchdog of Australia, citing the lessening of competition effect it would have on the domestic retail investment arena.

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Apr
19

IMG renames specialty international health insurance product

International health insurance provider International Medical Group (IMG) has renamed one of their specialty health insurance products, targeted at people traveling internationally to engage in adventure sports, after making additions to the list of activities covered by the policy. The short term international medical insurance policy, previously…

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Apr
16

CSR Strategy brings Allianz continued Recognition

By consistently practising Corporate Social Responsibility (CSR) principles, Allianz has managed to satisfy the requirements defined by the FTSE Group for ten years in a row, earning the company entitlement to be named a constituent of FTSE4Good.

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Apr
15

Chinese Insurance Regulator licences Scor to expand Operations

Scor SE has been granted by the China Insurance Regulatory Commission (CIRC) a composite reinsurance licence that will allow the company to add life and health insurance services to their current non-life business.

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Apr
15

Aviva Continues Asian Insurance Expansion

Aviva, the fifth largest insurance group in the world, has continued the expansion of their Asian operations with an online car insurance service in Singapore. With the Singaporean car insurance market having risen 21.5% in premiums last year, Aviva's new online service is meant to offer lower cost motor insurance coverage by eliminating the costs of commission…

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Apr
14

JV in China sought by US Health Insurer

WellPoint Inc., a health benefits provider in the US, is looking for a joint venture (JV) partner in China to set up a health insurance company by 2011. The president and CEO of the company has recently visited China to meet potential partners and the Chinese regulator in charge of this industry.

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Apr
13

Q1 Premiums of US$7.5 billion reported by Ping An Life Insurance Unit

Ping An Life Insurance Company of China Ltd (PALICC) reported accumulated written premiums of US$7.47 billion (EUR 5.5 billion) for the first of this year. PALICC is the life insurance unit of Ping An Insurance, which is second only to China Life Insurance (CLI), the Number 1 insurer worldwide by market value.

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