Japan Post Insurance admits to fraudulent practices, shares sink
Shares were recorded at a 6% low, wiping $1.1 bn off its market value...
Category : Insurance
Barclays Life Kenya cleared to acquire First Assurance’s insurance unit
IRA’s clearance paves the way for the transfer of 100 corporates in First Assurance’s life portfolio...
FWD Group buying Siam Commercial Bank’s insurance unit for $3 bn
The deal is Southeast Asia's largest insurance M&A deal as the region continues to attract foreign insurers...
IAG to sell its 26% SBI General Insurance stake; PE investors line up
According to reports, six private equity funds are interested in acquiring the SBI's stake as IAG looks to complete Asia exit...
AIA to invest $58mn in Philam Life to boost Philippines life insurance
The funding will be used to hire and train 5,000 full-time financial advisors who possess basic industry knowledge...
Dewa M-Station project is the largest power and desalination plant in UAE
The project’s extension in Jebel Ali cost Dh1.527 billion and has new generating units with a total capacity of 700MW...
Allianz buys 19.21% stake in Thailand’s Sri Ayudhya Capital for $95 million
The acquisition will benefit local customers and reflects Allianz’s strategy to strengthen its presence in Thailand...
Kenya’s largest microfinance company targets east and central Africa
CIC Insurance is keeping track of Prime Minister Abiy Ahmed’s efforts to improve Ethiopia's financial services sector...
Muang Thai Life Assurance hopes to become “Everyday Life Partner” through innovative solutions
The company has introduced a new business strategy under the concept: "MTL Everyday Life Partner” to innovate life and health solutions for its customers...
CAMRADATA launches an advised search service for insurance industry
CAMRADATA, a leading provider of data and analysis for institutional investors, has partnered with PiRho Investment Consulting Ltd. to launch a new Advised Search Engine, especially for the insurance industry...