AIA
AIA pays $2.4bn for Aussie and New Zealand life insurers
The Commonwealth Bank of Australia has sold its life insurance businesses in Australia and New Zealand to AIA Group for A$3bn (£1.8bn, $2.4bn, €2bn).
Foreign insurers forced to meet Malaysian 70% ownership cap
Insurance companies in Malaysia are looking to sell just under a third of their local businesses to comply with a 70% cap on foreign ownership.
Raid on rival boosts new AIA advice arm
Singapore’s newly minted AIA Financial Advisers is on a recruitment spree and has reportedly made an offer of around S$100m (£56.5m, $74.5m, €62m) to lure across more than 300 people from Great Eastern’s Advisors Alliance Group.
Vietnam rolling out welcome mat for int’l life companies
The Vietnamese Government is planning to make it easier for international life insurance companies to operate in the local market, deputy prime minister Dinh Hue Vuong has said.
Capital Group partners with AIA Hong Kong in ILAS push
Fund manager Capital Group is teaming up with AIA Hong Kong to introduce long-term investment solutions through the AIA investment linked assurance scheme (Ilas).