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  • July 13, 2014
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  1. Business - Companies - ACQUISITIONS

    Dai-ichi Life looks to buy US insurer Protective Life

    Posted Jun 03rd 2014, 01:30am by Reuters

    ... Reuters in Tokyo Deal-hungry giant in talks for Protective Life, a source says, with a tipped US$5b-plus price tag ranking as the biggest move by a Japan insurer Dai-ichi Life looks to buy U.S. insurer Japanese insurer Dai-ichi Life is in advanced talks to buy Protective Life of the United States in a deal that could be worth more than US$5 billion, a source said yesterday. ...

    http://www.scmp.com/business/companies/article/1524111/dai-ichi-life-looks-buy-us-insurer-protective-life
  2. Business - Money - INSURANCE

    Yuan life insurance policies to remain popular in Hong Kong despite depreciation

    Posted May 19th 2014, 03:22am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Dearth of investment options, rather than currency depreciation, is seen as the main challenge facing growth of yuan products in HK Yuan life policies to remain popular The depreciation of the yuan in recent months did not hurt sales of yuan life insurance policies as buyers are eyeing the longer-term growth of the currency, according to industry ...

    http://www.scmp.com/business/money/markets-investing/article/1515192/yuan-life-insurance-policies-remain-popular-hk
  3. Business - Comment - WHITE

    Insurers should always act in clients' best interests

    Posted Jul 08th 2014, 01:10am by Enoch Yiu

    ... for Life Insurance Replacement, which was issued in 2010 and has the same principle of acting in the best interests of policyholders. Since then, we have not heard of many policyholders rushing to sue their insurers or salesmen. The Life Underwriters Association has also published a Code of Ethics. Clause 1 of their Code reads: "A life underwriter shall place the interests of his ...

    http://www.scmp.com/business/article/1549246/insurers-should-always-act-clients-best-interests
  4. Business - China Business - TECHNOLOGY

    China's top smartphone app MYOTee is inspired by manga

    Posted Jul 10th 2014, 04:55am by Bloomberg

    ... Bloomberg in Taipei Ex-Tencent employee pursues 'a life in comics' and creates smartphone app MYOTee, which has been downloaded 36 million times China's top app inspired ... motivation is more simple and that he is not entertaining the idea of being acquired. "The reason I left Tencent is because I wanted to follow a life in comics," he wrote, the words ...

    http://www.scmp.com/business/china-business/article/1550645/chinas-top-smartphone-app-myotee-inspired-manga
  5. Business - Companies - CARS

    VW outsells GM to be top carmaker in China

    Posted Jul 12th 2014, 12:52am by BLOOM

    ... by the end of 2018, he said. Siebert said: "Most of GM's models are at the end of the life cycle, so this year, they are a bit weak compared to Volkswagen on the product side." ...

    http://www.scmp.com/business/companies/article/1552385/vw-outsells-gm-be-top-carmaker-china
  6. Business - China Business - INSURANCE

    Hairy crab farmers get hot-weather insurance

    Posted Jul 11th 2014, 11:59am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Swiss Re and China Pacific offer to protect crab farmers against heatwave risk to lucrative trade Insurers' latest hot idea: cover for hairy crabs China's insurance market is developing fast, with policies covering life, cars, property, pets and- hairy crabs. Mainland crab farmers can now insure the crustaceans to protect a business worth ...

    http://www.scmp.com/business/china-business/article/1551807/hairy-crab-farmers-get-hot-weather-insurance
  7. Business - Companies - IPO

    Neglected Luye finds tonic in HK listing

    Posted Jul 10th 2014, 06:01pm by Doug Young

    ... Kong for its newly listed shares. The company's high valuation and strong trading debut contrast sharply with its performance during a previous life as a listed company in Singapore, where ...

    http://www.scmp.com/business/companies/article/1551160/neglected-luye-finds-tonic-hk-listing
  8. Business - Companies - COURTS

    OOCL found guilty in accidental death of employee

    Posted Jul 04th 2014, 01:41am by SAU-WAI CHIM

    ... Chim Sau-wai sauwai.chim@scmp.com Company won't rule out appeal against involuntary manslaughter verdict over fatal lift accident 11 years ago that claimed life of long-time employee OOCL guilty in accidental death Orient Overseas Container Line has been found guilty in a French court of involuntary manslaughter over the death 11 years ago of Courtenay Allan, one of its ...

    http://www.scmp.com/business/companies/article/1546127/oocl-found-guilty-accidental-death-employee
  9. Business - Money - STOCKS

    Taiex index braces for fall after touching 7-year high

    Posted Jul 04th 2014, 01:41am by BLOOM

    ... to be a fund manager at Transglobe Life Insurance, said the Taiex might reach 10,000 points this year. "There's a high chance of that happening," said Li, who managed the Taishin fund ...

    http://www.scmp.com/business/money/markets-investing/article/1546096/taiex-index-braces-fall-after-touching-7-year-high
  10. Business - Banking & Finance - INSURANCE

    Chinese tourists buy 16pc of life insurance sold in Hong Kong

    Posted Apr 07th 2014, 10:08am by Enoch Yiu

    ... carefully. Mainland tourists' share of new life insurance sold in the city grew to 16 per cent last year from 13 per cent in 2012, 9 per cent in 2011 and 4 per cent in 2010. Hong Kong insurance ... for the insurance industry, said mainlanders had become an important source of business for Hong Kong-based life insurance companies. "They don't just come here for cosmetic products or jewellery ...

    http://www.scmp.com/business/banking-finance/article/1466841/mainland-tourists-buy-1-6-life-insurance-policies-sold-hong

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