Allianz investment arm to acquire Indonesian asset management firm

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Allianz Global Investors (AllianzGI), through its subsidiary Allianz Global Investors Asia Pacific, has agreed to acquire PT RHB Asset Management Indonesia (RHBAMI) from RHB Banking Group.

According to AllianzGI, the transaction, the value of which was not disclosed, will reinforce its established presence in Asia, especially in Southeast Asia and the fast-growing Indonesian market. The deal is expected to be concluded in the fourth quarter of this year, subject to approval by Indonesian financial regulator OJK.

RHBAMI has assets under management of over US$380 million (SG$653 million). It offers asset management products and services such as mutual fund units in

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PartnerRe reports first half turnaround

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PartnerRe Ltd has announced its results for the first half and second quarter of 2021, bannered by a return to profitability after being struck by losses last year.

According to a statement by PartnerRe, the company’s net income was US$314 million for the second quarter, compared to income of US$229 million for the same period of 2020. For the first half of 2021, net income was US$248 million, compared to a loss of US$204 million for the same period last year.

The company reported operating income of US$151 million for the second quarter and US$192 million for the half year,

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What makes an organisation unique to would-be employees?

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The following is an opinion piece written by Meena Wadhera, chief people officer, FWD Singapore.

I often get asked this question: “What makes an organisation unique to would-be employees?”

In FWD’s case, it’s the experience of being part of a team that is changing the way people feel about insurance across Asia, that makes us stand out.

Find out more: Learn all about FWD Singapore now.

Since we established our presence in Singapore in 2016, we’ve always been a curious and empathetic company that values innovation and a learner mindset in our employees. This means that managers at FWD

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McLarens appoints new senior TPA specialists

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Jason O’Sullivan (pictured left), appointed as the head of global TPA development at McLarens, will lead sales across McLarens TPA. He has spent 15 years specialising in the sector, having held senior business development roles at the likes of Gallagher Bassett and Crawford, most recently as the director of sales at Broadspire.  

Matt Morling, appointed as the head of TPA client services, has 30 years of industry experience and has specialised in the TPA sector since 1994. Throughout his career, he has worked across the insurance, reinsurance, and corporate markets and held senior client services roles within a specialist motor

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