life insurance

Citi sells insurance distribution rights to AIA

Citi has sold the exclusive rights to sell products through its regional network to AIA in 11 markets across the Asia-Pacific region in the largest bancassurance agreement ever signed in Asia.
December 20, 2013

Zurich Insurance sells out of New China Life

Half of the $943 million block trade is taken up by Swiss Re, giving it a 9.4% stake in the company at a time when analysts say the Chinese life insurance sector is undergoing a positive re-rating.
November 21, 2013

New China Life raises $1.9 billion ahead of dual-listing

The Chinese insurer priced its IPO in Hong Kong and Shanghai near the bottom of the range. China Polymetallic Mining and Baoxin Auto also get their deals across the line in a busy week for Hong Kong IPOs.
December 08, 2011

New China Life launches Hong Kong/Shanghai IPO

The Chinese insurer aims to raise up to $2.3 billion from the dual-listing. Four cornerstone investors, including Malaysia’s Khazanah, have committed to invest $780 million in the H-share tranche.
November 29, 2011

Bankers start pre-marketing New China Life Insurance

The Chinese insurer is expected to raise about $2.3 billion from a dual listing in Hong Kong and Shanghai as secondary markets continue to drop. In other news, Richard Li offers to buy additional shares to support the IPO of HKT Trust.
November 21, 2011