Page 18 - Clins News Today : Breaking News, Live Updates & Top Stories | Vimarsana

HSBC Holdings (HSBA.L) has agreed to acquire French insurer Axa's (AXAF.PA) Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income.

NEW YORK (Reuters) - Drugmakers Pfizer Inc, BioNTech and Moderna Inc are expected to reap billions of dollars from COVID-19 booster shots in a market that could rival the $6 billion in annual sales for flu vaccines for years to come, analysts and healthcare investors say.

Shares in Aviva (AV.L) hit eight-week highs on Thursday after the British insurer said it will return at least 4 billion pounds ($5.5 billion) to shareholders, following pressure from activist investor Cevian.

Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to seek better insurance cover against natural disasters, potentially opening up a huge market for insurers in the country.

Westpac Banking Corp (WBC.AX) on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan's Dai-ichi Life Holdings (8750.T).