Zurich Life Hong Kong reports solid performance in 2024, contributing to Zurich Insurance Group's overall results in the Asia Pacific region as the company continues to implement its regional growth strategy.
Sumitomo Life Insurance hands $22 billion foreign corporate bond mandate to US-based Symetra; Singapore’s GIC ups stake in India-based Phoenix Mills with $50 million new capital injection; Eight Taiwan pension funds report total investment loss of $8.4 billion from January through May; and more
The NGO's election of a Japanese insurer board member promises to improve ESG stewardship in fixed income, plus bridge the gap between investors and policymakers.
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
The firm's Asia-Pacific chief executive puts the closure – which follows that of Standard Life in July – down to the business failing to achieve sufficient scale and profitability.