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CIMB Group Holdings Bhd’s wholly-owned indirect subsidiary CIG Bhd yesterday entered into a share purchase agreement with HBG Asia Holdings Ltd and HBG Malaysia Sdn Bhd (Howden) to divest its remaining 51% stake in CIMB Howden Insurance Brokers Sdn Bhd (CHIB)…
General insurer, MSIG, has announced the appointment of Philip Kent to the role of Chief Executive Officer (CEO). He succeeds former CEO, Kenneth J. Reid, who has retired after 26 years with MSIG Hong Kong. Philip Kent most recently served as Executive Vice…
Bank Rakyat Indonesia, Indonesia’s biggest state-owned lender, started the year with key strategic announcements, including an alliance with Chinese payment platform Alipay and plans to acquire a local insurance company and a small lender. BRI signed a…
Many billionaires have no problem flaunting their wealth, whether through naming skyscrapers after themselves, yacht parties on the other side of the world, fancy ostentatious car collections and private jets, fake rehearsed smiles on camera and lots of media…
Prudential Life Assurance (Thailand) Public Company Limited (PLT) has appointed Aman Chowla as Chief Executive Officer. Aman joined Prudential in 2011 and brings with him over 20 years of experience in financial services. He has worked in several markets…
The global mobile phone insurance market is on track to grow to over $27 billion in revenue by the end of 2020, research from SNS Telecom indicates. The telecoms market research company estimates that the global market will account for $20.5 billion by the…
With its recent launch of the MSIG SpeeDi app in Thailand, MSIG Insurance continues its digital transformation in the region with the introduction of a unique telematics device for its motor customers. With the aim of encouraging safer driving in Singapore,…
Twenty-four-year-old Ms. Trinh Van Anh, the manager of an international school in Hanoi, does not have a life insurance policy and hasn’t thought about getting one, even though her monthly salary of $1,000 is higher than most of her peers. “No one recommends…
NetSol Technologies signed an agreement for its mobile origination (point of sale) system with PT Mizuho Balimor Finance (MBF) in Indonesia. NetSol was named MBF’s preferred vendor in the region. The contract includes product license, a five-year maintenance…
This year’s winners of the Mitsui Sumitomo Insurance Welfare Foundation (MSIWF) research grant, awarded for exceptional insight and potential, comprised of some of Singapore’s leading researchers that aim to make a difference by solving Singapore’s key…
Life insurer Sun Life Indonesia aims to have more qualified agents to market their products rather than just make the numbers, the company top executive has said. The firm gathered on Friday 1,000 of its most high-achieving agents for the annual “Year Start”…
Sompo Insurance (Thailand) is embracing innovation and digital channels as key strategies to build brand awareness among individual Thais, who are a new customer base for the Japan-based firm, which aims to be in the top 10 in Thailand’s |insurance market by…
Zurich Insurance has launched a solution in Hong Kong and Singapore which provides risk-assessment services and protects businesses against the risks associated with supply chain disruptions. Called Zurich Supply Chain Insurance, the product is the…
Life insurer Sun Life Financial Indonesia has officially integrated with Malaysia’s financial group CIMB subsidiary CIMB Sun Life following the Rp 550 billion (US$41.8 million) acquisition of 51 percent shares in CIMB Sun Life. Sun Life Financial Indonesia…
Allianz is hoping the agreement will give access to Maybank’s 4 million customers in Asia. The insurer said it has jointly developed three life insurance products with Maybank which includes a unit-linked life insurance product compliant with Islamic Shariah…
Workplace injury, property damage, and liability are the top 3 biggest insurance risks for small and medium enterprises (SMEs) in Singapore over the next 12 months, according to AIG Asia Pacific Insurance Pte. Ltd. SMEs in Singapore face rising business risks…
