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Great Eastern Life Assurance Co. Ltd, often known as Great Eastern Life or simply Great Eastern, is a Singaporean multinational insurance company and subsidiary of OCBC Bank operating in the Southeast Asia region. Founded in 1908 by Alfred Hewton Fair, it is the largest and oldest life insurance company in Singapore and Malaysia .
The company then expanded into the Philippines in 2014 and Indonesia in 2015. Expanding into three more countries in 2016, [4] [8] that year FWD Group acquired Shenton Insurance in Singapore, [9] also purchasing a unit from Great Eastern Holdings Ltd. in Vietnam [8] for $35 million. [16] In late 2016, FWD agreed to buy AIG's Fuji Life Insurance ...
In 2018, the domestic tourism sector contributed around US$1.47 trillion to the nation's GDP. [5] Since 2012, tourists from China have been the world's top spender in international tourism, leading global outbound travel. In 2016, the country accounted for 21% of the world's international tourism spending, or $261 billion. [6] (.
Taiping Financial Holdings, formerly known as China Insurance Group Securities Holdings, [11] a Hong Kong incorporated company, also owned Taiping Securities (HK), a securities broker and financial service company. It was founded in 1986 as New Century Securities, [11] by the Bank of China Group. [12]
DirectAsia was founded in Singapore in 2010 and launched in Hong Kong in 2012 and in Thailand in 2013. [3] [4] During 2013, DirectAsia had gross written premiums of $25.3 million. [5] In 2014, DirectAsia was acquired by Hiscox Insurance to commit further to serving customers in Asia. Hiscox has reached a $55 million agreement with Whittington ...
Starr’s insurance company subsidiaries — domiciled in the U.S., Bermuda, China, Hong Kong, Singapore, U.K. and Malta — each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a S&P Global Ratings grade of “A+” (Strong). Cornelius Vander Starr established his first insurance company in Shanghai, China in ...
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