Giant Asian insurers step up purchases of bonds
Cash at local insurers had grown following a wave of redemptions
Cash at local insurers had grown following a wave of redemptions
Insurers and banks are finding it harder to maintain normal operations amid escalating unrest
It raises more money than initially targeted
Book value of several insurers plunge dramatically on the mainland
Investment from insurance firm helps drive funding round
Nine insurers and the market’s first insurance asset trading platform come together to try out the new technology
Move to allow insurance to be purchased using foreign currencies from insurers’ offshore units
Global economic slowdown and conservative investors lead to increase in premiums but decrease in earnings
Massive losses and regulatory sanctions prompt company’s exit from struggling joint venture
Firm to make significant investments overseas to offset low domestic interest rates