Indian industrialist Anil Ambani on Tuesday said that his group was looking to unlock value in its life insurance venture through listing of RELIANCE LIFE as a separate company on the bourses. “As you know, Reliance Life was the first Indian insurance company to announce its plans for listing in 2009,” he told shareholders at [...]

Suzhou Industrial Park Government Guide Fund is seeing the second-phase financing approach the end and the size is CY 15 billion, revealed an insider on September 27. China life insurance Co., Ltd. (SHSE: 601628 and SEHK: 2628), China Development Bank (CDB), and the National Council of Social Security Fund (NCSSF) participated in the financing and [...]

South Korea’s top three life insurers posted greater losses in their overseas operations in the first half of this year due to increased costs, the financial watchdog said Thursday. The combined net loss of the eight overseas units operated by the three biggest life insurance firms, including Samsung life insurance Co., came to US$4.3 million [...]

Beneficiaries of more than 220,000 policies may be eligible for refunds of overpaid taxes when school tuition insurance and other products that pay out benefits like an annuity are included, life insurance Association of Japan Chairman Koichiro Watanabe said Friday. Life insurers have withheld income taxes for more than 120,000 of these policies. For the [...]

ING-BOB life insurance Co., Ltd., a 50-50 joint venture between ING Group and Bank of Beijing, has won regulatory approval to increase its registered capital to CNY 1.3 billion from CNY 900 million. Both shareholders will inject CNY 200 million to keep their holdings unchanged after the capital increase. Bank of Beijing, or BOB, this [...]

The China reinsurance Group and Taikang life insurance have submitted initial public offerings (IPOs) applications to the China Securities Regulatory Commission for approval, according to a Securities Times report on Monday. China reinsurance has appointed China Galaxy Securities as its IPO underwriter, while Taikang Life has employed CITIC Securities as its underwriter, the report said. [...]

The China Insurance Regulatory Commission approved of establishment of Lian life insurance Co. in Nanjing, capital city of Jiangsu Province. The insurer, with a registered capital of CNY 1 billion, will be established by nine companies including Jiangsu Yurun Group, Far East Holding Group Co., Ltd., Jiangsu Communications Holdings Co. Ltd., Jiangsu International Trust Corporation [...]