Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
RMS Launches New Models for Tropical Cyclone & Earthquake in Asia Pacific
Jul 12 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, has introduced typhoon models for wind and flood for South Korea and Taiwan, plus four new earthquake models for Singapore, Malaysia, Thailand and...
China’s Graft-Buster Is Front Runner to Head Insurance Watchdog: Sources
Jul 10 2017 // China is likely to name a senior Communist Party graft-buster to oversee the insurance sector, people familiar with the matter said, a signal that the country’s ongoing crackdown on irregular business practices in...
June Catastrophes Cost Global Economy $5 Billion; U.S. Storms Dominate: Aon
Jul 10 2017 // Floods and storms cost the global economy more than $5 billion in June, with most of those losses generated in the United States, according to an Aon catastrophe report. In the U.S., large hail, tornadoes, straight-line...
Swiss Re, Ping An Offer China’s 1st Mobile-Enabled Parametric Insurance Cover
Jul 7 2017 // Swiss Re has partnered with Ping An Property & Casualty Insurance Co. of China Ltd. to launch China’s first mobile-enabled typhoon property parametric insurance solution. This solution is designed to provide an...
Global Premium Growth Slows in 2016 – with China as Exception: Swiss Re
Jul 6 2017 // Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute’s sigma study. The report described last year’s...
China’s Fosun Denies Rumors that Chairman Guo Has Gone Missing
Jul 6 2017 // Chinese conglomerate Fosun saw shares in its listed units fall on Thursday, prompting it to refute online rumors that it had lost contact with its billionaire chairman, Guo Guangchang. The firm said in a statement Guo was...
China to Prosecute Ex-President of People’s Insurance for ‘Corrupt Practices’
Jul 5 2017 // China will prosecute the former president of the People’s Insurance Co (Group) of China Ltd after an investigation found he engaged in corrupt practices including bribery, the ruling Communist Party said on...
Jury Says Syngenta Must Pay Kansas Farmers $217.7M in GMO Corn Case
Jun 26 2017 // A U.S. jury has ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The June 23 verdict...
AIR Worldwide Launches Crop Hail Model for Canada
Jun 26 2017 // Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential...
Planned Sale of Israel’s Phoenix Holdings to China’s Yango Is Scrapped
Jun 26 2017 // Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China’s Fujian Yango Group has been called off by both sides after it failed to secure regulatory...
Allianz Sets Its Sights on Asia-Pacific’s ‘Growth Engine’
Jun 21 2017 // Allianz SE, the German insurer that stemmed outflows at U.S. asset manager PIMCO, is now trying to bulk up on the other side of the world. “Asia is still a relatively small part of the overall global portfolio but it...
Anbang Says New York’s Waldorf Astoria Condo Conversion Proceeding Normally
Jun 15 2017 // The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group...
Chinese Banks Backing Away from Anbang Insurance
Jun 15 2017 // Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York’s Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu Xiaohui in...
China Fines Emirates Airline for Unsafe Operations
Jun 15 2017 // China’s civil aviation authority has fined the world’s largest long-haul carrier, Dubai-based Emirates, and barred it from adding new destinations and aircraft in China for six months, following two incidents...
Anbang Insurance’s $30 Billion in Acquisitions Draw Scrutiny to Its Finances
Jun 14 2017 // Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York’s Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new...
Chairman Wu of China’s Anbang Insurance ‘Unable to Fulfill Duties’
Jun 14 2017 // Anbang Insurance Group, one of China’s most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable to fulfill his duties, just over a week after denying reports he had been barred...
Shipping Losses Fall to Lowest in 10 Years as Technology Drives Safety
Jun 13 2017 // Large shipping losses have declined by 50 percent over the past decade and last year saw the lowest number of losses in the past 10 years. The favorable loss trend has been largely driven by improved safety, according to...
U.S. Storms in May to Cost Insurers $3B; Economic Costs Total $4B: Aon Report
Jun 9 2017 // Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to...
1st Farmer Lawsuit Against Syngenta over China Trade Begins in Kansas
Jun 6 2017 // The first of tens of thousands of U.S. lawsuits went to trial on Monday in Kansas against Swiss agribusiness giant Syngenta over its decision to introduce a genetically engineered corn seed variety to the U.S. market...
China’s Anbang Denies Chairman Has Been Prevented from Leaving Country
Jun 5 2017 // Wu Xiaohui, the chairman of Anbang Insurance Group Co. Ltd., is free to travel, a spokesman for the Chinese insurer said on Friday, denying a report that Wu had been prevented from leaving China. The Financial Times...
