Aetna, one of the leading global healthcare benefits companies, has announced the appointments of Hocking Cheng and Derek Goldberg as Managing Director of Greater China and Managing Director of South-east Asia, respectively. In these new positions, Mr. Cheng and Mr. Goldberg will oversee the development and execution of growth strategies aimed at further expanding the international business of the company in the Asia Pacific Region.

Allianz SE, the holding company of the German insurer Allianz Group, is strategically aiming to drive their business growth by targeting the insurance markets of China and India, boosted by revenue generated by the sale of both life and non-life insurance products.

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.