Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Chinese Insurers Form Fund to Finance Overseas Energy, Infrastructure Projects
Jan 5 2016 // More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas,...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
World’s Top 10 Insurers Ranked by Premium, Assets
Jan 4 2016 // The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its...
China Anti-Terrorism Law Raises Implementation Concerns: European Chamber
Dec 31 2015 // The vague wording of China’s new counter-terrorism law raises concerns about how telecommunications carriers and network service providers will be expected to implement the regulations in practice, the European...
Chinese Insurance Investment Rule Changes Send Stocks Lower
Dec 24 2015 // China’s stock market posted its biggest one-day fall in two weeks on Thursday, as investor interest in blue chips suddenly cooled after regulators tightened rules for insurers investing in listed firms. The blue-chip...
Rescuers in Southern China Race to Find Landslide Survivors
Dec 22 2015 // Almost 3,000 rescuers have been dispatched to the southern Chinese city of Shenzhen to search for any survivors of the landslide on Sunday that’s left dozens missing at a local industrial park. One body was retrieved...
Chinese Drones Perform Well in Analyzing Tianjin Damage Estimates
Dec 18 2015 // When an explosion devastated parts of China’s Tianjin port in August, one insurance company turned to Chinese-made drones to help analyze the rubble and estimate the damages. Comparing satellite photographs of the...
Chinese Online Insurer ZhongAn Leads Financial Technology Innovation
Dec 15 2015 // Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and interest in the sector...
Fosun Chairman’s Troubles Raise Doubts about Bids for Israeli Insurers
Dec 14 2015 // The protracted sale process of two of Israel’s largest insurance providers faced further setbacks on Sunday as concern grew over a Chinese probe into Fosun International Holdings Ltd. Fosun’s troubles represent...
China’s Fosun Founder Guo ‘Assisting Authorities with an Investigation’
Dec 11 2015 // Fosun International said on Friday its Chairman Guo Guangchang, one of China’s best-known entrepreneurs, is assisting authorities with an investigation, after an earlier report said the group lost contact with its...
Fosun’s Company Empire – Before Chairman Guo’s Reported Disappearance
Dec 11 2015 // Fosun International Ltd. — the firm whose billionaire chairman is reportedly missing — has built an empire sprawling across insurance, real estate and entertainment, with another $2 billion of acquisitions...
AIG Reportedly to Raise About $750M From Sale of Shares in China’s PICC P&C
Dec 7 2015 // American International Group is seeking to raise about $750 million by selling part of its stake in China’s state-run PICC Property and Casualty Co. Ltd., according to a term sheet of the deal seen by IFR on...
AXIS Capital to Write Treaty Reinsurance Business via Lloyd’s China Platform
Dec 2 2015 // Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of an underwriting division at Lloyd’s Insurance Company (China)...
Shanghai Asian Insurance Brokers Registered as 1st Chinese Lloyd’s Broker
Dec 1 2015 // Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance,...
Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions
Nov 23 2015 // Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from its ever-growing...
ACE Makes Future Leadership Appointments for APAC Region
Nov 23 2015 // ACE Ltd. announced key leaders it intends to appoint for the Asia Pacific region of the new Chubb Group’s Overseas General Insurance division, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao,...
China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore
Nov 23 2015 // Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities...
Business Moves
Nov 16 2015 // Odyssey, Integro New York private equity firm Odyssey Investment Partners has completed its acquisition of specialty insurance brokerage Integro Ltd. Financial details of the transaction, first announced in August, were...
It’s 2026, There’s a Food Security Crisis- How Does World Respond?
Nov 12 2015 // The year is 2026. Flooding, worsened by climate change, has devastated Bangladesh and driven millions of hungry refugees to its border with India. Worried about unrest and disease, India asks other nations for help. The...
China Asked to Revise Draft Cyber Security Rules Affecting Insurance Industry
Nov 5 2015 // Foreign business lobbies have asked China to substantially revise proposed cyber security regulations for the insurance industry, signaling a dispute that started with the publication of similar bank technology rules...
