All articles by Verdict Staff

ACE Life opens wealth management centre in Hong Kong

ACE Life, the global life insurance division of ACE Group, has opened a wealth management centre in Hong Kong to target the growing needs of high-net-worth individuals in Hong Kong.

FPI appoints new chairman and CEO

Friends Provident International Limited (FPI), which is part of the Aviva group, has appointed Chris Wei as chairman and Khor Hock Seng as CEO effective from 1 July 2015.

Future Generali India Life Insurance fined by IRDAI

Future Generali India Life Insurance Company has reportedly been hit with a penalty of INR5m ($77941) by the Insurance Regulatory and Development Authority of India (IRDAI).

Fitch: Japanese Life Insurers to Continue Increasing Foreign Bond Investment

Fitch Ratings expects Japanese life insurers to continue to raise the allocations to high-grade foreign bonds in their investment portfolio because bond yields in Japan remain very low.

Nippon Life Insurance in talks to buy NAB’s insurance unit

Japan’s Nippon Life Insurance is reportedly in preliminary talks to acquire the life insurance business of National Australia Bank (NAB).

LIC receives approval to operate in Bangladesh

The Life Insurance Corporation of India (LIC) has received an approval from Bangladesh’s insurance regulator to run its business in the country.

LII 307, May 2015

MetLife launches new life insurance product

MetLife has rolled out a new product named Premier Accumulator Universal Life (PAUL), which offers death benefit protection and access to high early cash value accumulation.

USAA rolls out a new life insurance benefit for millennials

USAA has launched a new life insurance benefit, designed for millennial members, which will enable them to increase coverage as their lives change.

Ageas, EastWest Bank partner to set up life insurance JV in Philippines

Ageas has teamed up with EastWest Bank to set up a life insurance joint venture in the Philippines.