Thai market News

‘Overworked’ Media Worker Who Died at His Desk Sparks Probe in Thailand

Thailand has launched a probe into the death of a media worker who died at his desk from a heart attack, after allegedly working overtime for extended periods. Labor minister Suchart Chomklin ordered an investigation this week into the death …

Thailand Mandates COVID Insurance for Visitors From Some Nations

Thailand is mandating Covid insurance for foreign visitors from countries that require negative RT-PCR test results before returning home, reinstating the entry rule ahead of the likely arrival of Chinese tourists in large numbers. The insurance rule will ensure that …

Starr Insurance Cos. Acquires Thai Non-Life Insurer

Starr Insurance Cos. announced an agreement with FPG Insurance Holdings Ltd. (HK) and local Thai shareholders to purchase FPG Insurance Public Co. Ltd. (FPG Thailand), a Thai non-life insurance company. Starr’s investment will be held by its Bermuda insurance company, …

Thailand Revokes Licenses for Two P/C Insurers

Thai Finance Minister Arkhom Termpittayapaisith has revoked the insurance licenses of two companies — Southeast Insurance Pcl and Thai Insurance Pcl — controlled by billionaire Charoen Sirivadhanabhakdi. The firms were in serious financial trouble, which could have damaged their clients …

Thailand Regulator Orders 2 Non-Life Insurers to Stop Accepting New Clients

Thailand’s insurance regulator ordered Southeast Insurance Pcl and Thai Insurance Pcl to stop taking new clients and sell some assets after their capital fell below the legally required levels. The non-life units of Thai Group Holdings must boost their balance …

Owners of Thai Insurer Syn Mun Kong Explore Sale of Majority Stake

The controlling shareholders of Thai insurer Syn Mun Kong Insurance Pcl are exploring the sale of a majority stake in the firm and have picked several strategic players to advance into the next round of bidding, according to people familiar …

Thai Insurer’s Coronavirus Cover Draws ‘Overwhelming’ Demand

The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them well before the pathogen spread across Thailand and the …

Thai Insurer Offers First Coronavirus Insurance Policy

The world’s best-performing insurance firm has seized on the latest health concern to offer Thailand’s first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this week introduced a policy that costs 299 baht ($9.62) and …

Generali’s Europ Assistance Opens Office in Thailand

Europ Assistance, the Generali subsidiary, announced it has opened an office in Thailand, expanding the company’s commitment to the Asia region where it has operated for the past 30 years. Europ Assistance now provides travel assistance services across Southeast Asia …

Thailand Intensifies Efforts to Stop ‘Pig Ebola’ from Crossing Border

Thailand, one of Asia’s top pork producers, is intensifying efforts to hold off a lethal pig virus that’s causing havoc as it spreads across the region. African swine fever — a disease that kills nearly all the pigs it infects …