Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
RGA to Open Representative Office in China
Jan 13 2005 // Reinsurance Group of America, a reading life reinsurer, announced that it has received approval from the China Insurance Regulatory Commission to open a representative office in China, its eighth location in the Asia...
Best Affirms Toa Re ‘A+’, ‘aa’ Ratings
Jan 7 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Japanese reinsurer The Toa Reinsurance Company, Limited, and has assigned an “aa-” issuer credit...
China Marks 3rd Anniversary of WTO Admission; Drops Locality Limits
Dec 13 2004 // China marked the third anniversary of its official accession to the World Trade Organization (Dec. 11, 2001) with the announcement that it will no longer restrict foreign firms’ access to its insurance market to...
GE Insurance Solutions Details Additions to Global Management Staff
Nov 18 2004 // GE Insurance Solutions has announced the addition of expertise to its Property Insurance & Services, Global Asset Protection business unit. Field Operations Leader Tim Heinze said the unit has had a “great...
WHO Study Finds Auto Accidents in China Kill 600 People Every Day
Oct 10 2004 // A report from the World Health Organization estimates that more than 600 lives are lost and more than 45,000 people are injured on China’s roads every day. People living in low and middle-income countries suffer the...
Willis Acquires Grande Insurance Brokers, Hong Kong
Oct 6 2004 // Global insurance broker Willis Group Holdings announced the purchase of the business portfolio of Hong Kong-based insurance broker The Grande Insurance Broker Limited. Terms of the transaction were not disclosed. Willis...
India – Fascinating, Frustrating and Growing
Sep 20 2004 // This is the second in a series of articles on the Asia insurance marketplace. The next article in this series will focus on Japan and will appear in an October issue of Insurance Journal. An ancient Indian parable tells...
Typhoon Aere Hits Taipei; South China on High Alert
Aug 25 2004 // Even as Typhoon Aere continued to ravage Northern Taiwan and the capital Taipei with 84 mph (140km/h) winds and heavy rains, authorities on the Chinese mainland were preparing for the storm’s arrival. Aere has...
CIRC to Allow China’s Insurers to Invest Foreign Currency Holdings Offshore
Aug 20 2004 // In a widely anticipated move, the China Insurance Regulatory Commission (CIRC) has reportedly announced plans to loosen the country’s tight currency controls by allowing domestic (as well as foreign) insurers to...
Chinese Regulator Approves Willis Joint Venture
Aug 18 2004 // Global insurance broker Willis Group Holdings has received final approval and certification from the China Insurance Regulatory Commission (CIRC), for its joint venture operation, Willis Pudong Insurance Brokers Co., Ltd.,...
China Wakes Up as the World Watches
Jul 19 2004 // This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she...
China Planning Earthquake Coverage Program
Jul 14 2004 // China wants to build an insurance system in two to three years to protect against natural catastrophes, which officials estimate cause some $17 million in losses every day. China Daily reported that the Insurance...
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...
