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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...insurance policies in Hong Kong....
...But recently, the share allocation in the Asia-Pacific region has shifted from Japan back to Hong Kong, greatly improving the liquidity of H shares [Hong Kong shares of mainland Chinese companies].”...
...Hong Kong shares of the company rose by 1.6 per cent on Wednesday, while the broader Hang Seng index added just 0.2 per cent....
...Savings products contribute the majority of sales in Hong Kong, the company said on Wednesday....
...Pet medical insurance is booming, mainly for cats and dogs but also turtles, tortoises and birds — although not yet for hedgehogs....
...Mainland Chinese visitors accounted for around $7.5bn of new insurance premiums in Hong Kong in 2023, according to the city’s Insurance Authority....
...The company confirmed it was raising the price on its Model Y SUV by Rmb5,000 ($695) from April 1....
...Suncorp chief executive Steve Johnston said the bank asset sale would allow the company to focus on insurance....
...Even as Chinese cosmetic companies gain ground, they risk becoming trapped in a “vicious cycle” of being a cheap substitute for foreign brands, said Li from Double V Consulting....
...Galicia will acquire the entire HSBC Argentina business, including banking, asset management and insurance, HSBC said....
...Earnings: Japanese insurance companies Tokio Marine, MS&AD and Sompo will publish their fiscal second-quarter results....
...Thus you can buy a “H”, or Hong Kong, share in insurance company Ping An for HK$31 (US$4) or an “A” share in the mainland for Rmb39.4 (US$5.49) but with little hope the two, which are otherwise identical...
...Vanke’s Hong Kong-listed shares are down 53 per cent over the past 12 months. There are signs that the company is taking steps to shore up its finances....
...The company plans to expand its ship fleet to eight in the next two years....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Insurance companies are creating demand for healthcare insurance, the fastest-growing category. Shares of AIA are down a tenth in the past year....
...Until a few years ago, Hong Kong did not impose capital controls. So mainland Chinese investors bought insurance policies to take money offshore....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Prudential suffered a steep drop in profits in Hong Kong last year as pandemic rules prevented mainland Chinese customers from crossing the border to buy insurance policies in the territory, an important...
...company....
...If they do, they will not be held accountable for previous actions,” health minister Cho Kyoo-hong told reporters on Tuesday....
...As companies exit some areas and demand higher premiums in others, affordable home insurance cover — for many an essential annual outlay, often a condition of their mortgage debt — is getting harder to secure...
...It said it was still looking for ways to recover losses including through insurance claims and litigation....
...Wall Street banks have toned down the warnings they include in some Hong Kong filings....
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