China Strategic Holdings Ltd. will decide whether to appeal a decision by Taiwan’s regulators to block its planned purchase of American International Group Inc’s Taiwan unit. In a statement on Wednesday, China Strategic said it was disappointed by the decision, …
According to catastrophe risk modeling firm AIR Worldwide, the sixth, seventh, and eighth named storms of the northwest Pacific season are approaching the Asian mainland bringing high winds and expected heavy rains. Typhoon Kompasu, the seventh of this year’s tropical …
Taiwan regulators rejected AIG’s planned $2.2 billion sale of its Taiwan unit to a China-related group, citing regulations on mainland investment, and leaving the insurer facing another auction. American International Group, needing to sell assets to pay back the U.S. …
Will India’s government succeed in passing key pro-market bills that have been in limbo for years? Not in the near future, say analysts. With state elections around the corner, the Congress-led government may have lost a political window to push …
American International Group has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the process said on Friday. About four consortiums consisting of Chinese investors …
Canadian insurer Manulife Financial Corp and Switzerland’s Ace Ltd are among bidders for New York Life Insurance Co’s Hong Kong, Taiwan and South Korean assets, sources said, in a deal valued between $800 million and $1 billion. Unlisted NY Life …
American International Group is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA, sources familiar with the process told Reuters on Wednesday. That AIG has set a …
A bulletin on the Lloyd’s of London web site (www.lloyds.com) warns that a “major transformer failure can wreak havoc, causing power shortages or outages affecting millions of homes and businesses and costing many millions of pounds.” Transformers are an essential …
Liberty Mutual Group, through its wholly-owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to begin branch operations in Zhejiang by the China Insurance Regulatory Commission (CIRC). LICL, which is headquartered in Chongqing, received CIRC approval in December …
HSBC is in talks to buy up to 70 percent of South Africa’s Nedbank, in a potential $6.8 billion deal that would give Europe’s biggest lender a broader gateway to the fast-growing African continent. HSBC and Anglo-South African insurer Old …
