Reinsurance News
AIA Group Limited
AIA China receives approval to expand into Anhui Province
30th October 2024
AIA China has received approval from the National Financial Regulatory Administration Anhui Bureau to begin setting up a new branch in Anhui province. Located in Eastern China, Anhui province has a gross domestic product (GDP) of RMB4.7 trillion and a population exceeding 60 million, including approximately 17 million middle-class consumers. The ... Read the full article
Resolution Life to acquire AIA Australia’s Superannuation & Investments business
7th March 2022
Resolution Life Australasia (Resolution Life) has entered an agreement with AIA Australia to acquire its Superannuation & Investments business, which will add significant value and scale benefits to the company. It will increase Resolution Life’s funds under management and administration by over AUSD$8 billion and result in 162,000 AIA Australia customers ... Read the full article
Discovery & AIA plan insurtech joint venture in Asia
16th February 2022
South African-founded financial services organisation Discovery Limited has announced plans to establish a pan-Asian health insurtech business with life insurer AIA Group, called Amplify Health. Expected to launch in April 2022, Amplify Health will operate as a join venture in the Asian market, excluding China, Hong Kong and Macau, where Discovery ... Read the full article
AIA Group makes $1,860mn investment in China Post Life Insurance
1st July 2021
Pan-Asian life insurer AIA Group Limited has agreed to invest RMB12,033 million (US$1,860 million) through its wholly-owned subsidiary, AIA Company Limited, for a 24.99% equity stake in China Post Life Insurance. The transaction will be subject to all regulatory approvals, and will be financed on an all-cash basis from internal resources. The ... Read the full article
Swiss Re’s Jayne Plunkett joins AIA as Chief Risk Officer
28th June 2019
Pan-Asian life insurer AIA Group Limited has announced the appointment of Jayne Plunkett as its new Group Chief Risk Officer, effective 1 November, 2019. She joins AIA from Swiss Re, who announced yesterday that Russel Higginbotham would take over her role as CEO of Reinsurance for Asia from July 8. Plunkett has ... Read the full article
AIA to acquire CBA’s Australia life & New Zealand L&H business
25th September 2017
AIA Group Limited (AIA) is to acquire the Commonwealth Bank of Australia's (CBA) life insurance business in Australia and life and health (L&H) insurance business in New Zealand, CommInsure Life and Sovereign, subject to regulatory approvals. In addition to the agreement between AIA and the CBA, the former will enter into ... Read the full article
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