China's insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC's planned sale of its $9.4 billion stake in China's No. 2 insurer to Thailand's CP Group.
China's insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC's planned sale of its $9.4 billion stake in China's No. 2 insurer to Thailand's CP Group.
American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.
A conglomerate controlled by Thailand's richest man has bought a minority stake in China's Ping An Insurance for $9.38 billion from global bank HSBC, a bold move that ranks as Asia's second-largest deal this year.
Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of its up to $3.6 billion IPO, set to be the biggest in Hong Kong in two years.
Switzerland's Zurich Insurance Group beat expectations on Thursday with a 78 percent rise in first-quarter profit, helped by fewer large natural catastrophes than the year before, and said premiums were set to rise.
Nouveau collectors may be able to gain access to contemporary artwork, but their work and expense does not end when the check is written. Collectors have to figure out how to protect their investments and avoid common pitfalls.
AXA and QBE are looking to continue growth in emerging markets with purchases of HSBC's P&C business. AXA would become the top P&C provider in Hong Kong with its buy.
AXA and QBE are looking to continue growth in emerging markets with purchases of HSBC's P&C business. AXA would become the top P&C provider in Hong Kong with its buy.