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Manulife promotes Asia insurance head Phil Witherington to group CEO
Asia was the largest contributor to Manulife’s group earnings, accounting for 44 per cent of the total in the third quarter.
19 Nov 2024 - 5:22PM
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Manulife on track to reach 50% Asia earnings target by 2027
19 Nov 2024 - 10:04AM
Hong Kong EV insurance costs to fall, but third-party liability may remain high
15 Nov 2024 - 8:30AM
‘Bear’ attacking luxury cars in US$142,000 insurance case was human in suit
Four LA residents were arrested in ‘Operation Bear Claw’ for making fraudulent claims involving two damaged Mercedes and a Rolls-Royce.
15 Nov 2024 - 1:46AM
Manulife executive in Hong Kong criticises employer for policies in autism cases
Damien Green, chairman of Manulife Financial Asia, is ‘sad and frustrated’ by insurers’ treatment of autistic people, including his own son.
19 Nov 2024 - 10:05AM
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Sell insurance to stay in Hong Kong? Top talent turn to ‘safety net’ job
Aims of talent trawl questioned as arrivals grab insurance sales jobs to stay in city, but some say move reflects ‘reality’ of current economy.
25 Oct 2024 - 7:30AM
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Hong Kong needs a playbook to become marine insurance hub: broking giant
Hong Kong’s potential as a marine insurance hub hinges on tax incentives and easier capital raising for insurers, Willis Towers Watson CEO Carl Hess says.
23 Oct 2024 - 8:36AM
Full steam ahead as Shanghai ports eye global container volume record
The city is investing in infrastructure and technology to support growth, while also liberalising its finance sector to attract international shipping businesses.
22 Oct 2024 - 8:04PM
Hoax anthrax letters disrupt operations of several Hong Kong insurance firms
Fifty AIA Financial Centre employees evacuated after one receives envelope containing white powder and labelled ‘anthrax’.
17 Oct 2024 - 4:11PM
Singapore blocks Income’s deal with Allianz amid ‘structure, terms’ concerns
Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.
15 Oct 2024 - 10:05AM
Shanghai, Hong Kong ports lag global peers on services, CY Leung says
‘Drawbacks are obvious’, and both cities must upgrade to ‘wield more influence’ in global shipping, says Hong Kong’s former chief executive.
14 Oct 2024 - 8:15PM
In China’s quest for ‘patient capital’, insurance funds may fit the bill
As China seeks long-term investment with higher risk tolerance, insurance funds have been brought up as one potential option.
4 Oct 2024 - 7:30PM
Hongkongers buying more pet coverage, propelling insurer OneDegree to a profit
The company said 64 per cent of its insurees are cats; the rest are dogs, save for a few birds.
2 Oct 2024 - 8:30AM
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Climate change imperils Asia’s middle class, Hong Kong reinsurer says
People in emerging markets risk being ‘thrown back into poverty’ by natural disasters amid an insurance gap, Peak Re CEO says.
24 Sep 2024 - 5:00PM
Malaysia set to launch Forest City Financial Zone, but will it lure businesses?
Industry insiders say the government must go beyond tax incentives to attract the firms needed to revive the troubled US$100 billion project.
19 Sep 2024 - 2:45PM
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China creates ‘concerto’ of rules for insurance sector, promotes investment
China’s State Council issued a 10-point document on Wednesday outlining comprehensive regulations for the insurance industry.
12 Sep 2024 - 3:00PM
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HSBC Life sees Asia’s wealthy, bay area retirees as key to growth
Key growth areas are the wealth hubs of Hong Kong and Singapore, alongside the emerging wealth markets of mainland China and India, CEO Moncreiffe says.
2 Sep 2024 - 10:56AM
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Buyers from mainland China drive record Hong Kong life insurance sales
Sales surge 12 per cent to US$14.9 billion as mainland visitors continue buying spree to chase better returns and hedge the yuan.
30 Aug 2024 - 4:39PM
Travellers seek best insurance against natural disasters, scams: Klook survey
More respondents in a Klook survey want policies that insure against natural disasters and travel scams. Hong Kong travellers are willing to pay for premium plans to get ‘maximum peace of mind’.
30 Aug 2024 - 1:39PM
As Berkshire Hathaway tops US$1 trillion, Buffett’s legacy reaches new heights
Warren Buffett’s conglomerate joins tech giants like Apple, Nvidia, and Microsoft with a market value of US$1 trillion.
28 Aug 2024 - 11:12PM
Prudential posts surprise interim profit drop due to investment losses
Profit from new business, a key measure of sales and the future growth of insurance companies, increased 8 per cent to US$1.47 billion, bolstered by improving sales in Southeast Asia and on the mainland.
29 Aug 2024 - 1:58PM
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Ping An eyes services for Hongkongers retiring to Greater Bay Area
China’s largest insurer sees opportunities serving Hongkongers who are living in the mainland cities of the Greater Bay Area – a group that has grown 11 per cent in the last five years.
26 Aug 2024 - 7:30AM
Ping An Insurance beats forecasts with best profits in 4 years on robust sales
China’s biggest insurer reported a 6.8 per cent gain in interim earnings, its best half-yearly performance in four years amid analysts’ pessimistic forecasts.
22 Aug 2024 - 8:08PM
Mainland Chinese buying spree boosts AIA’s first-half profit 53%
Asia’s largest insurer posted its best first-half profit in five years at US$3.31 billion and beat analysts’ estimates of US$3.27 billion.
22 Aug 2024 - 6:34PM
US hospital lost part of his skull, then charged US$19,000 for replacement
Added costs from Fernando Cluster’s botched surgery ended up at over US$146,000, which his lawsuit blames on the hospital’s mistake.
17 Aug 2024 - 4:38AM
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Check fine print on insurance for quakes
Hong Kong’s Security Bureau updated an existing amber outbound travel alert urging awareness and caution for Japan in wake of recent spate of earthquakes and a warning of a possible ‘megaquake’
16 Aug 2024 - 6:30AM
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What you need to know about Hong Kong travel insurance if quake hits Japan trip
Here’s how to navigate insurance claims if your trip to Japan is affected by an earthquake or other unforeseen circumstances.
13 Aug 2024 - 5:11PM
AXA launches Hong Kong’s first heatwave insurance to protect outdoor workers
The payout from the insurance comes into force when the temperature stays above 36 degrees for three consecutive days from August to October.
6 Aug 2024 - 11:05AM
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last updated:
9 September, 2024
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