Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Chinese Insurers’ Assets Top $126B
Jun 28 2004 // China’s official Xinhua news Agency announced that the gross assets owned by the country’s insurance sector reached a record high of 1.0359 trillion yuan ($126.3 billion) by the end of May. Premiums totaled...
Report CIRC to Allow Insurers to Invest in Stocks
Jun 23 2004 // According to news reports the China Insurance Regulatory Commission (CIRC) will soon permit the country’s insurers – foreign and domestic – to make direct investments in China’s stock market. The...
Castek Notes Deal with Global Info Tech to Provide Services for Insure3 Suite of Products in China
Jun 9 2004 // Castek Inc. announced a business partnership with Global InfoTech Co. Ltd. to provide localization and implementation services for the Insure3 Suite of P/C insurance business applications in China. “Castek is...
Castek Announces Agreement with Global InfoTech
Jun 8 2004 // Castek Announces Agreement with Global InfoTech to provide resale and implementation services for the Insure3 suite of products in The People’s Republic of China. Castek Inc. is pleased to announce a business...
General Re Receives License for China
Jun 2 2004 // General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced that it has been issued a license to operate as a composite reinsurance company in China on a nationwide basis. Gen Re’s branch will be...
U.S. Investment Slowing in Europe Says RiskProNet Conference Speaker
May 19 2004 // Net U.S. investment in Europe has slowed considerably in the past decade, J. Bradford DeLong, professor of economics at the University of California at Berkeley, told directors of RiskProNet International Inc., at recent...
Zurich Signs Agreement with China’s Sinosure
Apr 21 2004 // Zurich’s Emerging Markets Solutions group, the company’s political risk and trade credit insurance unit, announced that it has signed a memorandum of understanding with the China Export & Credit Insurance...
SCOR Applies for Reinsurance License in China
Apr 15 2004 // SCOR Group Chairman Denis Kessler announced in Beijing that the Group has submitted an application to the China Insurance Regulatory Commission (CIRC) for a reinsurance license to reinforce and develop its non-life...
Chinese-Speaking Workers Less Concerned Than Peers about Financial Security, Study Shows
Apr 12 2004 // Findings from MetLife’s 2003 Employee Benefits Trend Study reveal that Chinese-speaking workers are significantly less concerned than the general employee population about financial security, ranging from issues such...
Willis to Buy 50% of Leading Chinese Broker
Apr 9 2004 // Global brokerage Willis Group Holdings announced that it has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50 percent equity stake in Shanghai Pudong Insurance Brokers Ltd.,...
Allianz Foresees Growth in Chinese Market
Apr 1 2004 // Michael Diekmann, Chairman and CEO of the Allianz Group, has expressed his confidence in the company’s prospects in the Chinese market. On his first visit to the country since taking over Allianz, Diekmann and Werner...
MetLife Receives Approval for China Joint Venture
Mar 26 2004 // Chinese regulators have approved plans for a joint venture between U.S. life insurer MetLife Inc. and the owner of the Beijing International Airport, MetLife said Thursday. The U.S. company has a 50 percent stake in the...
GAB Robins Receives China Operating License
Mar 25 2004 // New Jersey-based GAB Robins Group of Companies, one of the world’s leading claims services firms, announced that the China Insurance Regulatory Commission (CIRC) has awarded the company a license to operate in...
AIG Reports Record 2003 Net Income of $9.27 Billion
Feb 12 2004 // American International Group, Inc. (AIG) reported that its net income for the full year 2003 increased 68.0 percent to a record $9.27 billion, compared to $5.52 billion in 2002. Net income excluding realized capital gains...
China’s Ping An Plans $2 Billion IPO
Jan 6 2004 // The Ping An Insurance, one of China’s largest insurers, announced plans to raise approximately U.S. $2 billion in an initial public offering on the Hong Kong stock exchange. Ping An, a financial holding company which...
Swiss Re Officially Opens Beijing Office
Dec 23 2003 // Swiss Re CEO John Coomber has officially opened the company’s China branch office in Beijing. The company will offer reinsurance services in both Life & Health and P/C to China’s rapidly growing insurance...
AIG Names Kevin Hogan Sr. Exec Responsible for PICC Relations
Dec 16 2003 // American International Group, Inc. announced the appointment of Kevin Hogan as the senior AIG executive responsible for the recently established cooperative business relationship with PICC Property and Casualty Company...
Liberty Mutual to Open China Office
Nov 24 2003 // Liberty Mutual will open an office in the southwestern city of Chonquing in December, marking the company’s entry into the Chinese P/C market. Liberty had received the go ahead from the China Insurance Regulatory...
Gen Re Invited to Apply for Reinsurance License in China; CEO Receives Marco Polo Award
Nov 18 2003 // General Re, a subsidiary of Berkshire Hathaway Inc., announced that the China Insurance Regulatory Commission (CIRC) has invited the company to apply for a national reinsurance license to conduct both life and...
China’s PICC IPO Raises $693 Million; HSBC Seeks China License
Oct 31 2003 // AIG isn’t the only company that’s seeking to strengthen its already historic roots in China. HSBC Holdings Plc. (once known simply as the Hong Kong and Shanghai Bank) announced that it is on the point of...
