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  • July 25, 2014
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  1. Rethink sought on Sars cover

    Posted Nov 10th 2003, 12:00am by Enoch Yiu

    ... could also force people to cut back on purchases of other types of policies. 'This would lead to a reduction of sales for both direct insurers and reinsurance companies, while the client ... Enoch Yiu Policyholders may end up paying more if reinsurers go ahead with plans to cut their exposure to outbreak-related risks Direct insurance companies are urging reinsurers ...

  2. Small price to pay for high cost of living longer in HK

    Posted Aug 25th 2008, 12:00am by Andrea Li

    ... More people are now buying health insurance because the latest drugs used to treat serious illnesses are expensive, writes Andrea Li Insurance companies are revamping their products ... of medical insurance, bought either by their employer or on their own. Nevertheless, this is changing as more Hongkongers are buying health cover because of greater awareness of cancer, according ...

  3. Foreign insurers' share of new premium income slides in April

    Posted Jun 22nd 2009, 12:00am by Staff Reporter

    ... Natalie Chiu The share of monthly new premium income earned by foreign insurers operating in the mainland's life insurance market slumped to 4.64 per cent in April from 5.13 per cent a year earlier, latest data from the China Insurance Regulatory Commission shows. Domestic life insurers, meanwhile, saw their new monthly premium income grow 9 per cent in the same month, ...

  4. Tougher safety rules on drug makers may raise their cost

    Posted Feb 06th 2010, 12:00am by Amy Nip

    ... and batch numbers on receipts during transactions. Tender terms also require the companies to buy insurance for the drugs they produce. The new tender requirements come into effect this month. ... in drug costs, he explained. Instead, drug costs will be considered when the authority negotiates the amount of funding it gets from the government. The authority will also buy the same type ...

  5. Insurer on recruitment drive

    Posted Feb 19th 2005, 12:00am by Sheryl Sze

    ... Citic Prudential is seeking senior managers for its mainland offices, writes Sheryl Sze LIFE INSURANCE giant Citic Prudential is looking to recruit thousands of employees for its offices in the mainland, including more than 200 senior managers. Citic Prudential is a life insurance joint venture owned 50:50 by China International Trust and Investment Corporation (Citic) and Prudential. ...

  6. New products

    Posted Apr 10th 2005, 12:00am by Staff Reporter

    ... After two successful offers last year, HSBC is again marketing its capital-guaranteed product LifeBond Plus to Hong Kong investors. The bond offers a 20 per cent return over eight years, a capital guarantee, plus the potential for additional returns. 'LifeBond Plus is an all-in-one life insurance, savings and investment product,' says HSBC spokeswoman Ann Pearce. The bond ...

  7. Ace Group to buy New York Life operations

    Posted Oct 28th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu US-based insurer ACE Group announced it will spend US$425 million (HK$3.29 billion) in cash to buy the Hong Kong and South Korean operations of New York Life. ACE chairman and chief executive Evan Greenberg said yesterday the transaction would benefit shareholders and help ACE to expand in Asia. 'These two life insurance companies are small, solid agency ...

  8. Culture vultures attack

    Posted Jan 04th 2004, 12:00am by David McNeill

    ... A campaign to save a small museum has challenged Japan's commitment to funding the arts, writes David McNeill ASHIYA CITY MUSEUM of Art and History is a small, publicly funded institution in an upmarket neighbourhood, not far from Osaka. The custodia ...

  9. Privacy complaint spurs Autotoll probe

    Posted Aug 26th 2010, 12:00am by Paggie Leung

    ... to an insurer, a legislator said yesterday. Lawmaker Wong Kwok-hing and a representative for more than 30 Autotoll clients yesterday met Privacy Commissioner Allan Chiang Yam-wang to lodge a complaint. The group of complainants approached the lawmaker for help this month after they received a letter jointly sent from Autotoll and insurance company Liberty International. The letter, which contains ...

  10. HK firms generous on dividends as profits fall

    Posted Sep 07th 2009, 12:00am by Nick Westra

    ... actually edged up from 2007. They are still trying to beef up their capital reserves and it may take a few years before they start to offer the type of dividends distributed by Hong Kong companies, ... the financial sector in Hong Kong and the mainland. Local banks earmarked 114.2 per cent of their profits for regular dividends last year, while lenders and insurers across the border committed just ...




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