In a recent announcement, Chubb Corporation shared the news that the China Insurance Regulatory Commission (CIRC) has approved Chubb Insurance (China) Company Limited, its wholly owned subsidiary, to establish a branch in Nanjing, Jiangsu Province, which will be opened by December this year once approvals from the other government authorities is received.
Raffles Medical Group (RMG) has opened a new medical center in Shanghai to offer residents of the city another option when seeking medical care that is up to the highest of international standards. The new clinic, named Raffles Medical - Shanghai, is located in the Innov Tower on Hong Mei Lu which is situated within Shanghai's business park. Designed to offer world class medical care to expatriates,…
Synergistic cooperation between Bupa International and Joint Commission International (JCI) has resulted in the development of a quality assurance programme to be used in the assessment of the medical facilities and clinical quality of the healthcare network's 7,500 medical providers.
International health insurance company Expatriate Healthcare has announced it will introduce an awards scheme for their customers, which comes as part of an effort to reinvigorate their expatriate private medical insurance plans. As of July 1st 2010, Expatriate Healthcare will offer both new and existing customers discounts on their premium for staying claims-free for a year or more.…
Fortis Healthcare Ltd. has made an offer for all remaining shares in Asian healthcare provider, Parkway Holdings, which surpasses the bid previously put forward by Malaysian government-run bank, Khazanah Nasional Berhad. Previously, Khazanah bid S$ 1.18 billion (US$ 835 million) to more than double its stake…
Future Generali India Life Insurance has unveiled two new products which are ready to go on sale in India in the near future; a Net Asset Value (NAV) unit linked insurance plan, Future Generali NAV Assure, and health plus term life insurance plans. Future Generali's new Net Asset Value (NAV) unit linked plan, Generali NAV Assure, is set up to maximize the growth potential of the policy while…
Being the fourth largest commercial insurer in the US, American health insurance giant CIGNA conducts approximately 20 percent of their business abroad, with most of the rapid growth coming from Asia, and in particular China.
Pan-American Life Insurance Group has received final approval from the Costa Rican insurance regulator, Superintendencia General de Seguros (SUGESE), for its subsidiary Pan-American Life Insurance de Costa Rica, S.A. to operate in the country. Pan-American Life Insurance Group is already the first US…
Chinatrust Financial Holding Co. Ltd. of Taiwan has effectively walked away from a deal with a Hong Kong-based consortium, formed by China Strategic Holdings Ltd. and Primus Financial Holdings, to purchase a 30 percent stake in Nan Shan Life Insurance Co. Ltd. a unit of American International Group Inc. (AIG), by letting the deadline of the deal lapse.
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