Latest Asia Headlines

All the headlines from our Asia Topic Page, ordered by recency.

AIA Shares Surge 17% on Trading Debut in Hong Kong

Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...

Forecast AIA Shares Set to Rise by 11% on Debut after Record IPO

Oct 27 2010 // AIA Group Ltd is expected to post a double-digit gain in its trading debut on Friday as investors scramble for a slice of one of Asia’s most recognized life insurance brands after its record Hong Kong IPO.AIA’s...

AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range

Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia.The pricing of the...

Tight Market Drives Australian Companies into Deals Abroad

Oct 21 2010 // Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog.With the Aussie dollar at a 28-year...

Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market

Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali.The announcement...

Ye Joins Aon Benfield China Team

Oct 18 2010 // Aon Benfield announced that it has appointed Helen Ye as executive director and head of catastrophe reinsurance in China.She will be responsible for “developing catastrophe reinsurance business by advising clients on...

Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn

Oct 14 2010 // The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s...

Floods Continue to Punish Asia, Killing Nearly 140

Oct 8 2010 // Asia’s death toll from vicious rains spiked Thursday to nearly 140 as disaster officials reached previously isolated areas in Vietnam, while the worst flooding in parts of southern China in nearly a half-century...

AIA Warns Failed Prudential UK Deal Could Impact Business

Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday.AIA, the...

Ratings Recap: Tapiola, Congregational, Asian Re, Int’l. Energy, Leadway

Sep 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Finland’s Tapiola General...

Asia Faces Higher Losses from Disasters, Report Says

Sep 21 2010 // China, India and Indonesia are likely to face much higher losses from natural disasters in coming decades as their economies grow faster than their capacity for disaster prevention and relief, a new report has...

Marsh Reports Asia Deal Makers Focus on Heightened Risk Mitigation

Sep 14 2010 // A report from Marsh’s London office notes that “investors in Asia are returning to the merger and acquisition table with a renewed interest in risk mitigation tools such as Warranty & Indemnity Insurance...

Australia Regulator Blocks NAB’s $12 Billion AXA Asia Pacific Bid

Sep 9 2010 // Australia’s competition regulator has again blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific, dealing a blow to NAB’s 9-month efforts to cement its dominance in the world’s...

Aon Monthly Cat Recap Highlights Asia Floods, Atlantic Storms

Sep 3 2010 // Aon Benfield’s latest release of its Monthly Cat Recap report, which provides an analysis of global natural perils in August, reports the month was “dominated by historic floods in Pakistan destroying over 1.25...

Manulife, Ace among Bidders for NY Life Asia – Sources

Aug 27 2010 // Canadian insurer Manulife Financial Corp and Switzerland’s Ace Ltd are among bidders for New York Life Insurance Co’s Hong Kong, Taiwan and South Korean assets, sources said, in a deal valued between $800...

ICC Survey Concludes Economy is Rebounding ‘at a Slower Pace’

Aug 18 2010 // The world economy continued its rebound from the worst recession in decades, according to the quarterly ICC/Ifo World Economic Survey released today, but at a slower pace. The survey concluded that “some regions,...

UK’s Prudential Trims Cost of Botched AIA Deal

Aug 12 2010 // Insurer Prudential said its failed bid for AIG’s Asian unit will cost less than first expected, and confirmed that the bungled takeover attempt has killed its appetite for big M&A deals.The bid for Hong...

China’s Economy Set to Pass Japan’s as World’s Second Biggest

Aug 2 2010 // China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed.By some measures it...

Bowring Marsh Opens New Office in Hong Kong

Jul 21 2010 // Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its footprint in Asia with the opening in Hong Kong of its ninth office, specializing in property, earthquake, business interruption and...

Ex-Prudential (UK) CEO Tucker Named to Head AIA before IPO

Jul 19 2010 // Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock...