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...Savings products contribute the majority of sales in Hong Kong, the company said on Wednesday....
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
...“Things are changing,” said Alvin Cheung, associate director of Hong Kong-based Prudential Brokerage....
...on buyout groups’ attempts to trust-build with prudential regulators....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...It is building a facility in Penang, but some US lawmakers already want to restrict American companies from collaborating on RISC-V projects....
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
...Monday’s hearing kicked off with lawyers wrangling over technicalities and Evergrande’s barrister saying the company needed more time. Then judge Linda Chan made a sudden intervention....
...On the insurance side, none of the public insurers are close to the 10% limit, which means it would probably be a heavy lift for them to scale up to maintain eligiblity....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...Higher rates wiped almost $7bn from the company’s “embedded value” last year. Embedded value is a key metric in insurance. It is also controversial....
...The designation would hinge on FSOC’s determining that “material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company...
...Data compiled by NAIC shows CLO holdings of insurers have surged to more than $200bn, though that figure represents only about 3 per cent of the aggregate investment portfolio of the companies in the insurance...
...“The EU is implementing Basel III in a way that these requirements apply to all banks — that provides an additional layer of safety in the prudential regulation of EU banks,” said Dombrovskis....
...It's the insurance company that has failed to collect the proper documentation. It's the ship registry that maybe didn't peek behind the curtain a little bit more....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...The company, which provides life insurance in mainland China, has retreated 14 per cent since the start of the year....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Within insurance, its applications go well beyond motor. Zurich’s Chan highlights home insurance, where image analysis is helping insurers to be more proactive in spotting risks coming down the track....
...studying at the Gemological Institute of America....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America....
...insurance executive, speaking on condition of anonymity....
...Meanwhile, Bank of America is reviewing what roles to relocate from Hong Kong to Singapore. Hong Kong is struggling to contain its worst outbreak of the virus in more than two years....
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