Koay was head of investment at Etiqa Insurance Singapore and AXA Life Insurance Malaysia, while Yang moves from her role as investment director of quantitative analytics at Aberdeen.
The NFRA has released a draft regulation outlining rules for the asset management business of trust companies, including a proposal to let insurers sell trust asset management products.
Japanese insurer has agreed a US$1.44bn deal to acquire a stake in US asset manager, aiming to diversify its investment income and boost capital efficiency as part of broader global expansion plans.
Fitch said policy surrender rates for KGI Life, Fubon Life, Nan Shan Life, Taiwan Life, and Cathay Life have remained stable, and that the insurers have taken steps to address currency risk.
Singapore’s central bank will reduce capital charges for financial institutions investing in sustainable infrastructure projects, with BlackRock, Brookfield, Clifford and Macquarie showing interest in...
The agency also said it will set K-ICS ratio regulations within the year and review surrender value reserve rules to reinforce capital quality and solvency oversight.
