CIMB considers sale of stake in Aviva Insurance venture

The headquarter of Aviva in London. Photo: Bloomberg

CIMB Group, Malaysia’s second-largest bank, is considering selling its 51 per cent stake in an insurance joint venture with Aviva, said four people with knowledge of the matter.

Wednesday, 28 November, 2012, 3:33pm

Few firms good enough for top governance prize

CLP and Prudential were the only winners of the top award.

No company or organisation was good enough to win the highest prize in three of five categories of the corporate governance disclosure awards this year, the awards organiser, the Hong Kong Institute of Certified Public Accountants, said.

23 Nov 2012 - 1:40am

Prudential buys Thanachart insurance arm

Barry Stowe

Prudential, Britain's biggest insurer by market value, plans to buy the life insurance business of Thanachart Bank in Thailand for £368 million (HK$4.5 billion).

The deal is part of Asia's insurance industry consolidation, highlighted by Richard Li Tzar-kai's purchase of ING's insurance business in Hong Kong, Macau and Thailand last month.

6 Nov 2012 - 4:24am

Prudential mulls HQ move to Hong Kong

Hong Kong-listed Prudential, Britain's biggest insurer by market value, is still weighing the option of moving its headquarters to the city after reporting first-half profit rose a better-than-expected 13 per cent driven by strong earnings from Asia.

15 Aug 2012 - 11:23pm

Mother fights insurer for refund on life policy

Qidi Aixinjueluo Whitaker bought an expensive life insurance plan from Prudential in 2009. She has tried, in vain, to get a refund on the policy.

Her situation illustrates a number of problems seen in the sale of investment products. Mainly, that people often do not know what they are buying.

11 Jun 2012 - 12:00am

UK insurer may go with the cash flow

Prudential, Britain's biggest insurer by market value, said Asia had become the largest contributor to operating profit for the first time - just as potential stricter capital rules had prompted the insurer to consider moving its headquarters out of London.

14 Mar 2012 - 12:00am

Be sincere and don't be blinded by gold's glitter

Kit Ho (left) has been working in the insurance industry for three years. Currently, she works as a team manager at Prudential Assurance, Hong Kong. Ho says that she really enjoys her work, because it helps those in need. She talks to Chiu Po-sze

What is your academic background?

A bachelor's degree in social sciences from Hong Kong Baptist University.

13 Jan 2012 - 12:00am

Prudential boosted, partly by HK surge

Hong Kong-listed British insurer Prudential reported a better than expected interim operating profit of GBP1.06 billion (HK$13.52 billion), up 25 per cent year on year.

Prudential group chief executive Tidjane Thiam said the growth was mainly driven by new policies sold, particularly in Asia.

6 Aug 2011 - 12:00am

Little in proposed Pru-AIA tie-up to attract Asian investors

The news late last week that British insurance company Prudential is attempting to negotiate a lower purchase price for its proposed takeover of pan-Asian insurer American International Assurance can hardly have come as a surprise.

At US$35.5 billion, the price tag on AIA agreed when the deal was first announced at the beginning of March always looked on the expensive side.

1 Jun 2010 - 12:00am

Ripple effect pays off for insurance firm

Because of its well-developed financial service infrastructure, Hong Kong has become the insurance hub of Southeast Asia with nearly 180 authorised insurers. The highly competitive and mature insurance sector accounts for more than 10 per cent of the city's GDP.

1 Mar 2008 - 12:00am

Insurer 'always listens and understands'

People are the biggest asset in the insurance and finance industry. And there are various ways to keep clients happy and employees satisfied through offering staff knowledgeable advice and clear career prospects through solid training.

24 Nov 2007 - 12:00am

Prudential has plan to manage your future

Prudential Assurance, a multinational financial services company, has an opening for a financial planner management trainee.

The recruit will receive three years of intensive training in subjects such as investment planning, risk management, estate planning, education fund planning and retirement planning.

10 Sep 2005 - 12:00am

Fine mess

HONG KONG: A millennium eve celebration ended in court for Chan Ka-ho, 24, and three friends visiting from Taipei - Lee Ti, 24, Ting Cheung-fung, 25, and Sun Hsin-chen, 22 - when they were fined $2,000 each for assaulting two security guards who tried to stop them urinating in public at the Prudential Centre in Nathan Road.

2 Jan 2000 - 12:00am

Prudential to sell via Chartered

Standard Chartered yesterday announced a deal giving Britain's Prudential direct access to its customer base in Hong Kong and Singapore. In a move which further strengthens its ambitions in the bancassurance market, Standard Chartered said all its customers in the region could start buying Prudential products and that it intended to work with the firm to sell tailored policies.

22 Dec 1998 - 12:00am

Access to funds in policy

PRUDENTIAL Assurance has confirmed that holders of the PruLink policy have access to their funds during the term of the policy.

A spokesman said: 'Customers can partially withdraw cash from their PruLink account at any time for their personal use subject to a current minimum fund balance of US$100.

14 Jul 1996 - 12:00am