When $2.7 trillion falls short, the next 2020 may be uninsurable
LONDON (BLOOMBERG) – There aren’t many contexts where US$2 trillion (S$2.7 trillion) seems like a paltry sum. Then a pandemic comes along. The [...]
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Trade in second-hand life, endowment policies rising
Even as more people seem to be surrendering endowment and life plans bought from insurance companies, there is a growing trade in such [...]
Great Eastern Q3 profit up 40% to $287.9 million
SINGAPORE (THE BUSINESS TIMES) – Great Eastern Holdings on Wednesday (Nov 4) posted a 40 per cent rise in net profit to $287.9 [...]
Car insurance start-up Root hires Goldman Sachs to lead IPO – sources
(Reuters) – Root Insurance Co has hired Goldman Sachs Group Inc GS.N to lead preparations for an initial public offering that could value [...]
Insurance industry extending premium deferment relief measures for policyholders
SINGAPORE – Policyholders feeling the effects of the Covid-19 pandemic now have more time to pay their premiums with the extension of relief [...]
Singlife, Aviva Singapore to merge in $3.2b deal
Home-grown insurer Singapore Life (Singlife) intends to merge with Aviva Singapore in a deal valued at $3.2 billion, which will make it one [...]
British insurer Aviva to sell Singapore business for $2.7 billion
SINGAPORE (THE BUSINESS TIMES) – Homegrown insurer Singapore Life (Singlife) intends to merge with Aviva Singapore in a deal valued at S$3.2 billion, [...]
Don't stop us paying dividends, European insurers tell regulators
LONDON (Reuters) – Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time [...]
French insurer AXA weighs sale of S'pore business to raise cash
AXA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with [...]
Insurer AIG sinks to US$7.9b quarterly loss driven by deal to unload risks
NEW YORK (BLOOMBERG) – American International Group (AIG) posted a US$7.9 billion (S$10.89 billion) second-quarter loss driven by the sale of a majority [...]