Major insurers compete for DBS tie-up

Board member Anthony Lim will replace the retiring Peter Seah in the new year.

The Canadian insurer fended off stiff competition for the bancassurance partnership from AIA, Prudential and the incumbent Aviva which called the price tag economically unviable.

Sebastian Paredes will retire in March and be replaced by DBS Taiwan CEO Ng Sier Han.

The claim is filed by several entities and their liquidators in relation to the scandal hit Malaysian sovereign wealth fund.

Japanese firm was the dark horse in race to buy CBA’s stake in a Chinese life insurer. While it celebrates its surprise win, it will do well to remember clinching the deal is just the opening skirmish in a battle to crack the market.

DayOne seeks US listing; Nippon Paint makes deal; Umios invests in JV; BrilliA expands across SEA; Thai Airways suspends CEO.