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Investment Management tag returned 300 results

  • India: Life giant rakes in record equity trading gains

    State-run insurer Life Insurance Corporation of India (LIC) has posted record equity trading profits of INR250 billion (US$3.8 billion) in the financial year ended 31 March 2018, up from INR190 billion in the previous fiscal year, reports Livemint citing two people aware of the matter.

    Asia | 18 Apr 2018
  • Japan: Nippon Life completes its first commitment to dedicated insurance+a venture fund

    Nippon Life Insurance has completed its first commitment to a FinTech/insurance+a venture fund, the largest private insurer in Japan says in a statement.

    Asia | 17 Apr 2018
  • New Zealand: Warning issued on retirement savings shortfall

    Although many Kiwis aspire to higher quality retirement, they are not on track to achieving it. They are not saving enough, and the small amount that is saved is not being invested for long-term wealth creation, says MrTroy Swann, CEO of Milford Asset Management.

    Asia | 16 Apr 2018
  • Anbang talking to banks about asset sales

    Anbang Insurance Group, the troubled privately held Chinese insurer seized by the government because of its risky operations, is interviewing investment banks to advise on potential asset divestments, reports Bloomberg citing people with knowledge of the matter.

    China | 13 Apr 2018
  • China: Govt outlines some dates for financial sector liberalisation

    China yesterday laid out a clearer timetable for opening its financial sector to more foreign investment by the end of this year.

    Asia | 12 Apr 2018
  • Indonesia: Allianz X Invests US$35 mln in Southeast Asian mobile platform

    Allianz X, the digital investment unit of the Allianz Group, yesterday announced US$35 million investment in GO-JEK, the leading Indonesian ride hailing platform that also offers various consumer on-demand and payment services.

    Asia | 12 Apr 2018
  • South Korea: Regulator to tighten rules over cross shareholdings in insurance groups

    The Financial Services Commission (FSC) has disclosed a draft of its plan requiring major financial groups to sell off their shares in non-financial affiliates in case such cross-shareholdings pose risks to the financial system. The new rules are scheduled to be implemented with effect from July.

    Asia | 06 Apr 2018
  • Egypt: Regulatory chief outlines huge goals for insurance sector

    Dr Mohamed Omran, Chairman of the Financial Regulatory Authority (FRA), has revealed that the National Strategy for Non-bank Financial Services, currently in the drafting stage, aims to double insurance premiums in the country to EGP50 billion (US$2.83 billion) by 2022 compared to EGP24 billion in 2017.

    Middle East | 03 Apr 2018
  • Morocco: Insurers face pressure to reduce exposure to equities investments

    Insurance companies will gradually reduce their exposure to the equities market in proportion to their overall investments, unless there is a significant increase in their capital, according to Mr Othman El Alamy, Secretary General of the Insurance Supervisory and Social Security Authority (ACAPS), and Mr Bachir Baddou, Director General of the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR).

    Middle East | 02 Apr 2018
  • Taiwan: Regulator wary of risk in insurers' massive investments overseas

    The Financial Suoervisory Commission (FSC) is concerned about the proportion of overseas investments of insurance companies and is considering whether or not to limit them, according to Mr Cheng-Mount Cheng, FSC Vice Chairman.

    Asia | 28 Mar 2018

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