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SKOREA’S TONGYANG GROUP SEEKS SALE OF STAKES IN LIFE INS. UNIT

Tongyang Group, a mid-sized South Korean conglomerate, said Friday that it is pushing to sell part of its stakes in Tongyang life insurance Co. (KSE:082640) to improve its cement unit’s financial...

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Korea Life Insurance reports fall in H1 net income to US$272mln

KOREA life insurance CO. (KSE:088350), South Korea’s second-largest life insurer, said on Tuesday that its earnings surged 87.2 per cent in the first half of fiscal 2010 from a year earlier. Net...

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CHINA BLOCKS MIXED SALE OF INSURANCE, SAVING PRODUCTS BY BANKS

China Banking Regulatory Commission (CBRC) recently required commercial Banks to stop allowing salespersons from insurance companies to promote insurance products at Banks’ outlets. Banks’ staff with...

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INDONESIA’S BHAKRI CAPITAL ACQUIRES 99.9% OF UOB LIFE

Investment holding PT Bhakti Capital Indonesia (JSX:BCAP) has taken over 99.9 per cent of PT UOB Life Assurance and changed the name of the life insurer to MNC Life Assurance. Bhakti Capital acquired...

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CHINESE INSURERS TO REPORT THEIR PROPERTY, EQUITIES INVESTMENTS

The China Insurance Regulatory Commission (CIRC) on Friday issued a circular requiring insurance companies to report their investments in real-estate projects and equities of non-listed companies. The...

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CHINA’S CPIC JAN-OCT LIFE INSURANCE PREMIUMS REACH US$11.4 BLN

China Pacific Insurance Co. (CPIC, SSE:601601, SEHK:02601) said on Tuesday that its life insurance premiums reached 75.9 billion yuan (US$11.4 billion) in the first ten months of this year. Its...

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China’s Ping An Insurance eyeing stake in Shanghai Jahwa

PING AN INSURANCE (GROUP) OF CHINA (SEHK:02318; SSE:601318) may purchase part of the equity in SHANGHAI JAHWA UNITED CO. (SSE:600315), according to China Business News report on Thursday. The report...

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SmarTrend Watching for Potential Pullback in Shares of StanCorp Financial...

StanCorp financial Group (NYSE:SFG) traded in a range yesterday that spanned from a low of $43.57 to a high of $44.31. Yesterday, the shares gained 0.91%, which took the trading range above the 3-day...

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Sinosure Backs Fujian Exports

China Export & Credit Insurance Corporation (Sinosure) is estimated to help Fujian, a province in the southeast of the country, achieve an export value of USD 5.3 billion this year, leaping about...

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CHINA’S PING AN INSURANCE, SSB CLARIFY INTEGRATION PLAN RUMOURS

Ping An Insurance Group Co (SSE:601318, SEHK:2318) and Shenzhen Development Bank (SDB, SSZ:000001) have jointly issued a statement to clarify rumors that their integration plan has been withdrawn by...

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