Asia & Pacific

Toshiba initiates talks with 10 potential buyout investors

Toshiba, Japanese industrial conglomerate, is holding discussions with potential investors after receiving interests from 10 strategic partners and sponsors. In late April, Toshiba’s shareholders rejected...

Bowtie raises $30m after securing Hong Kong’s first online-only insurer license

Hong Kong-based digital insurance start-up Bowtie has raised $30 million in its Series A funding round, led by Canadian insurance company Sun Life Financial. This...

Greed-driven misconduct exposes Australia’s banking sector

Australia’s banking sector shocked the world with blatant misconduct which highlighted selfish means for short-term financial gain. The intervention by the Royal Commission has brought...

Most valuable global insurance brand 2018 is …

China leads and dominates the global insurance ranking in a recently published Kantar Millward Brown’s 2018 Brandz report.  The Brandz™ report tracks the value...

China’s sovereign wealth fund increasing risk appetite

China Investment Corp. (CIC) is pulling out all stops to forge ahead with investments in the United States after a successful foray last year....

Willis Towers Watson becomes first fully licensed foreign broker in China

China’s Banking Insurance Regulatory Commission (CBIRC) recently announced that Willis Towers Watson, the leading global advisory, broking and solutions company, has been granted permission...

South Korean insurer denies claim from bankrupt crypto exchange Youbit

Seoul-based cryptocurrency exchange Youbit has reportedly had its cyber-insurance claim denied by South Korean Dongbu insurance company. This comes after Youbit experienced several hacks...

China regulators tackle systemic financial risk with Anbang takeover

China is concerned about the dangers of its financial system. The recent takeover of Anbang, a Global Fortune 500 financial services conglomerate, attests the...

Hiscox Group completes sale of Direct Asia Hong Kong

Bermuda-based global specialist insurance group Hiscox has completed the sale of the Hong Kong division of DirectAsia to Well Link Group Holdings Limited, after...

Fosun-owned Specialty Insurer Ironshore Inc. files for IPO

Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd last year, filed for an initial public offering (IPO) in the US after...
spot_imgspot_img