Great Eastern
Founded in 1908, Great Eastern provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. With over S$100 billion in assets and more than 10 million policyholders, including 7.5 million from government schemes, the group also operates in Indonesia and Brunei and has representative offices in China and Myanmar.
OCBC courts Great Eastern with S$1.4b offer
The bank plans to increase its investment beyond its current 88.44% stake.
OCBC courts Great Eastern with S$1.4b offer
The bank plans to increase its investment beyond its current 88.44% stake.
Great Eastern witnesses 26% YoY profit surge in Q1’24
Its new business-embedded value leapt 21% YoY.
Callable notes to enhance Great Eastern Life’s financial resilience
S&P Global sees the proposed notes as having intermediate equity content.
SIAS calls for governance clarity from Great Eastern Holdings
SIAS urges the insurer’s board to consider and address shareholders' requests proactively.
Great Eastern’s weighted new sales dip, earnings soar in 2023
The total dividend for 2023 amounted to 75 Singaporean cents per ordinary share.
Great Eastern profit attributable to shareholders grew 21% in Q3
It increased to $180.2m.
Great Eastern’s acquisition plan could drive market position: S&P Global Ratings
Estimated combined assets of AML and AMT accounted for 1.5% of the Great Eastern group's total assets as of the end of 2022.
Great Eastern subsidiaries propose acquisition of AmMetLife Insurance
The firm wants 100% of shares in AmMetLife Insurance and AnMetLife Takaful.
New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings
Although the framework could raise operational costs, it will run some benefits.
MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements
The four initial insurers are to face a 25% capital add-on, boosting higher and lower supervisory intervention levels, CET1 and Tier 1.
Great Eastern collaborates with telco for home insurance plan
The insurer and Singtel unveiled a plan which covers various residential housing types.
Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.
Great Eastern and Intellect launch 24/7 mental health helpline for employees
This provides employees with personalised and immediate guidance.
Great Eastern reaches S$193.2m in profits for Q2
Its year-to-date profits reached S$437.2m.
Great Eastern in discussions to buy Malaysia's AmMetLife
It plans to acquire AmMetLife Insurance, a MetLife Inc. Malaysian venture.
OCBC buys more Great Eastern shares for S$39.9m
OCBC now owns 88.4% of its subsidiary’s shares.
Great Eastern posts S$244m in Q1 profits
Total weighted new sales, however, declined by 22% during the year.
Most Read
1. OCBC's bid for Great Eastern Life to boost sector valuations 2. Singlife introduces first market insurance for dementia care 3. SG’s life insurers see 32.2% leap in new business premiums in Q1’24 4. HSBC Life Singapore unveils universal life plan for affluent clients 5. Is ‘Londonisation’ good for Asia’s M&A insurance market?Resource Center
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
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The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. OCBC's bid for Great Eastern Life to boost sector valuations 2. Singlife introduces first market insurance for dementia care 3. SG’s life insurers see 32.2% leap in new business premiums in Q1’24 4. HSBC Life Singapore unveils universal life plan for affluent clients 5. Is ‘Londonisation’ good for Asia’s M&A insurance market?Awards
Jul
09
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Firewalls are never enough