Two of China's leading life insurers are forecasting sharp profit growth for the first half of 2026, attributing part of their strong performance to investments in strategic technology sectors.
Chinese insurance giant China Life Insurance has announced that it plans to invest CNY4.999bn ($737m) to establish a partnership before the end of this year, which will focus on investing in companies in the semiconductor industry.
NZI, a brand of IAG, has announced the appointments of Mr Kent Chaplin as Head of Liability, effective September; and Mr Troy Sexton as Executive Manager, Portfolio Performance and Strategy, effective 20 July 2026.
The government of Zambia has used a $600m loan from the African Development Bank (AfDB) Group, coupled with its own resources, to buy back a $1.36bn sovereign Eurobond.
Aon has appointed Mr Sean Deehan as CEO of Strategy and Technology Group for APAC.
China Life Insurance has acquired a long-vacant commercial plot in Beijing's central business district for CNY2.99bn ($441m), taking over an asset previously owned by a consortium led by the failed Anbang Insurance Group.
The Philippine pre-need industry saw its total net worth increase by 12.18% to PHP32.36bn ($528m) at the end of the first quarter of 2026, from PHP28.84bn recorded in the same period last year.
China's insurers are being pushed further up the risk curve amid low interest rates and credit volatility stemming from property sector distress and vulnerabilities among local government financing vehicles,says S&P Global Ratings (S&P).
The momentum of insurance funds investing in asset-backed schemes (ABS) has slowed significantly so far this year, with both investment scale and volume seeing year-on-year declines.
The Indonesian General Insurance Association (AAUI) has indicated that the non-life insurance market would likely find it difficult to improve investment returns this year.