Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
U.S., China Insurance Regulators Keep Open Dialogue
Jul 29 2016 // Regulatory representatives from the U.S. and China met this week to discuss issues facing their respective insurance markets. The meeting was held at the National Association of Insurance Commissioners (NAIC) New York...
National Security Cloud Hangs Over Ironshore IPO
Jul 28 2016 // Chinese acquirers are continuing their buy-and-flip strategy and this time, it’s Fosun International’s turn. However the question isn’t only whether the fundraising will lower the company’s debt...
Growth of China’s Shadow Banking Hikes Financial Risks for Banks, Insurers: Moody’s
Jul 27 2016 // Shadow banking activity in China has expanded further and now accounts for nearly a third of the total banking sector assets, raising financial risks in the world’s second-largest economy, rating agency Moody’s...
Nerves on Edge After South China Sea Ruling; Insurance Rates Still Stable
Jul 12 2016 // Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing’s claims across large swathes of the South China Sea, fueling geopolitical tensions in the...
China Floods Kill 173, Cut Transportation Links; Hit to Economy Expected
Jul 11 2016 // Weeks of torrential rain across central and southern China have caused the country’s worst flooding since 1998, killing 173 people, ruining farms and cutting major transportation arteries — and creating...
Swiss Re Corporate Solutions Appoints Jia as CEO of China Operations
Jul 11 2016 // Swiss Re Corporate Solutions has appointed Jingwei Jia as chief executive officer, China, effective immediately. Jia will be based in Shanghai and drive Swiss Re Corporate Solutions’ strategy of building its China...
Chinese Forced into Massive Debt to Pay for Vital Healthcare
Jul 11 2016 // As China’s medical bills rise steeply, outpacing government insurance provision, patients and their families are increasingly turning to loans to pay for healthcare, adding to the country’s growing burden of...
Typhoon Nepartak Lashes Taiwan, to Weaken Before Hitting China
Jul 8 2016 // Super typhoon Nepartak hit Taiwan on Friday, driving thousands of people from their homes, disrupting power supply and forcing the cancellation of more than 600 flights, emergency authorities said. Television showed images...
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report
Jul 8 2016 // Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe...
Taiwan Readies for Typhoon Nepartak; AIR Worldwide Comments
Jul 7 2016 // Taiwan told schools and offices along its eastern coast to close early Thursday as Typhoon Nepartak threatens to unleash strong winds and heavy rain across the island through Friday. Airlines canceled or rerouted flights...
Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years
Jun 30 2016 // Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years. The $150 million pan-Asian fund...
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re
Jun 29 2016 // Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma...
China’s Fosun Looks at UK, Europe Investments on Brexit Volatility
Jun 29 2016 // Fosun Group, China’s biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the volatile wake of Britain’s referendum vote to leave the European Union, the...
U.S., China, EU Vow Crackdown on Unsafe Products Sold Online; Eye Hoverboard Standards
Jun 28 2016 // U.S., European and Chinese regulators say they will jointly enforce product safety in online commerce, and an American official said they are making progress on crafting standards for hoverboards. The statement last week...
China’s Fosun to List U.S. Insurer Ironshore ‘As Soon as Possible’: Reuters
Jun 28 2016 // Fosun Group, China’s biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc “as soon as possible” this year, Guo Guangchang, the company’s billionaire co-founder...
China Close to Adopting Controversial Cyber Security Rules
Jun 27 2016 // China moved closer on Monday to adopting a controversial cyber security law, after parliament held a second reading of the draft rules, which carry significant consequences for domestic and foreign business and threaten...
For Alper Services, Insurance Is Just the Beginning
Jun 23 2016 // Though insurance is a major component of what it does, Chicago-based Alper Services doesn’t have the word “insurance” in its name for a reason. That’s because from the very beginning the company has...
AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower
Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the...
International Law Key to Mitigating South China, Other Maritime Risks: Allen
Jun 20 2016 // With non-military actors like coast guards increasingly active in the disputed South China Sea, former U.S. Coast Guard Commandant Thad Allen said international law was becoming even more important to keeping a lid on...
Chicagoland’s Alper Services: Doing Insurance Differently
Jun 20 2016 // Though insurance is a major component of what it does, Chicago-based Alper Services doesn’t have the word “insurance” in its name for a reason. That’s because from the very beginning the company has...
