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Ankuk Fire & Marine Insurance Co., Ltd. was founded in June 1956 by large shareholders of Josun Life Insurance, the first insurer in Korea. Considering adverse conditions of insurance business back then, Ankuk Fire & Marine Insurance appointed media mogul Jang Gi-young, who was the owner of the Hankuk Ilbo Daily and served as the Deputy Governor of the Bank of Korea.
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 ...
Etiqa Insurance Pte. Ltd. was officially launched in August of 2014, selling its life insurance products at Maybank branches across Singapore. [ 6 ] In 2015, Maybank began acquiring shares in AsianLife and General Assurance Corp. (ALGA), an insurance group based in the Philippines which had been operational since 1958. [ 7 ]
Fuji Fire and Marine was to be delisted from the stock exchanges as a result. [4] • 2013 – Becomes a wholly owned subsidiary of AIG Japan Holdings, AIG's insurance holding company . Subsidiary Fuji Life Insurance changed its trade name to AIG Fuji Life Insurance • 2016 – Moved the head office location to 4-3-20 Toranomon, Minato, Tokyo
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A FIRE economy is any economy based primarily on the finance, insurance, and real estate sectors. [1] Finance, insurance, and real estate are United States Census Bureau classifications. Barry Popik describes some early uses as far back as 1982. [2] Since 2008, the term has been commonly used by Michael Hudson [1] and Eric Janszen. [3]
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