Market yield movements drove the reinsurer's earnings higher, though the agency warned that interest rate exposure has made operating results markedly more volatile.
The authorities searched nine locations and made 15 arrests linked to suspected fraudulent practices at an insurance exam centre for FLMI qualification.
The reinsurer also reported US$89.7m in net profit after tax, according to parent Fosun International's unaudited half-year results, as it continued expanding its footprint across India, Europe and North...
Fitch expects the exposure to ease once the arm merges with sister company Acenda Life, which runs a lower-risk portfolio, with the merger creating Australia's fourth-largest life insurer.
AXA, BOC Group Life, FWD, HSBC Life and Manulife sit among 30 institutions involved in 36 use cases selected from nearly 100 proposals, in a cohort now spanning banking, securities, insurance and MPF.
Mainland China earnings came under pressure from bancassurance reforms and a greater reliance on participating products, but growth elsewhere lifted group profitability.
