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Major life insurers' capital cushion more than comfortable

SingaporeSINGAPORE's nine major life insurers seem to have sufficient capital cushion for now, with all of them hitting a capital adequacy ratio (CAR) of more than 200 per cent last year, above the minimum requirement of 120 per cent.The minimum capital requirement is set by the current risk-based capital (RBC 1) framework and serves as a buffer to absorb losses.Over a span of five years, from...


RB Capital and Royal Holdings eye S$10b asset size by 2020

SingaporeKISHIN RK, who founded property and hotel group RB Capital in 2006, plans to integrate the group's portfolio of assets with that of his father's Royal Holdings - resulting in a combined value of around S$4.5 billion.This will be part of succession planning as well as to provide a single management platform to propel the group's growth to an asset size of S$10 billion by 2020, Mr Kishin...


Banks get creative with new ways to reach SMEs

SingaporeBANKS are becoming more creative in the ways they woo small and medium enterprises (SMEs), whether in the form of partnerships with associations, enticing grants or accolades.Reaching out to SMEs is no longer just about dangling corporate cards with the biggest perks, it would seem.American Express (Amex), for instance, says that as the bank with the largest number of direct...


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