GOLDMAN Sachs’ majority-owned asset management venture with Chinese state lender Industrial and Commercial Bank of China (ICBC) raised 149.41 million yuan (S$28.8 million) in its first product, according to a statement.
INSURANCE premiums in the Asia-Pacific (Apac) region are set to increase in 2023 and 2024 as interest rates and inflation rise, reversing contractions in 2022, according to reinsurer Swiss Re.
