Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers
Aug 18 2015 // Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit...
Tianjin Blast, Fires Initial Insured Loss Estimates at $1.0 to $1.5 Billion
Aug 17 2015 // Two explosions in the Chinese port of Tianjin that killed more than 100 people last week could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on...
UPDATE: 112 Dead in China Blast; Access Blocked over Contamination Fears
Aug 17 2015 // Authorities pulled more bodies from a massive blast site in the Chinese port of Tianjin, pushing the death toll to 112 on Sunday as teams scrambled to clear dangerous chemical contamination. Hundreds of people were injured...
Chinese Officials Give Scant Details on Cause of Tianjin Explosion and Fires
Aug 14 2015 // Chinese officials provided scant detail on the cause of massive explosions at a hazardous-chemicals warehouse in northern China’s Tianjin port, more than a day after blasts killed at least 50 people and injured more...
Huge Explosions & Fire in Chinese Port of Tianjin Kill 44; Firemen Missing
Aug 13 2015 // Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least 44 people, including at least a dozen fire fighters, officials...
Einhorn’s Greenlight Re May Gain $30.4M From China’s Currency Devaluation
Aug 12 2015 // With U.S. equities declining in the wake of China’s currency devaluation, hedge fund manager David Einhorn may be one of the few stock pickers to get a direct boost from the yuan’s sudden decline. Greenlight...
Typhoon Soudelor Hits Taiwan and China with Rains, Floods & Wind: AIR Report
Aug 11 2015 // A report from catastrophe modeling firm AIR Worldwide, states: “Typhoon Soudelor has weakened over eastern China after making landfalls in Saipan, Taiwan, and China. The storm made landfall in Taiwan at 21:00 UTC on...
Typhoon Soudelor Kills at Least 9 in China After Lashing Taiwan, Killing 5
Aug 10 2015 // At least nine people were killed in China’s eastern Zhejiang province as the remnants of Typhoon Soudelor dumped the heaviest rainfall in a century on the mainland after killing five in Taiwan. About 645 millimeters...
UPDATE: Typhoon Soudelor Nears Taiwan; China Next: AccuWeather Report
Aug 7 2015 // AccuWeather has reported that “powerful Typhoon Soudelor will bring both flooding rainfall and damaging winds to Taiwan as the storm remains on a collision course with the island.” The report noted that...
Malaysia Says Maintenance Records Prove Wing Part Is from Flight MH370
Aug 6 2015 // Malaysia said on Thursday that paint color and maintenance-record matches prove that a piece of wing found on the shore of the French Island of Reunion in the Indian Ocean was part of the wreckage of Malaysian Airlines...
Super Typhoon Soudelor Threatens China & Taiwan: AccuWeather Report
Aug 5 2015 // AccuWeather has reported that Typhoon Soudelor “rapidly intensified on Monday, becoming a super typhoon and reaching the equivalent of a Category 5 hurricane in the Atlantic or Eastern Pacific...
TigerRisk Enters China Market with Opening of Hong Kong Office
Aug 3 2015 // TigerRisk Partners LLC announced its first presence in Asia with the opening of the Hong Kong office of its subsidiary TigerRisk China Partners. TigerRisk China Partners is a member of the Hong Kong Confederation of...
China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B
Jul 27 2015 // White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of...
Qin Lu to Head Aon Benfield, Aon Risk Solutions in China
Jul 24 2015 // Aon announced that Qin Lu has joined the group as CEO, Aon Benfield Greater China and CEO, Aon Risk Solutions, China, to take effect later this year. The bulletin said the new appointment would “help to align...
AIA New Business Value Advances 21% in First Half on China
Jul 24 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 21 percent increase in new business value as China became its second-largest market for the first time by that measure. The gauge of projected...
Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion
Jul 17 2015 // Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest conglomerate, to...
AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million
Jul 16 2015 // According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion [$354.3 million]. “Typhoon Chan-hom made landfall in the coastal city of...
A.M. Best: Volatility of China Stock Market Not Expected to Hit Insurer Ratings
Jul 14 2015 // The recent volatility of China’s stock market is not expected to affect the ratings of domestic insurers, according to a new briefing issued by A.M. Best*. Putting the volatility into context, A.M. Best noted that...
Typhoon Chan-hom Loses Strength as It Moves Toward Korean Peninsula
Jul 13 2015 // Typhoon Chan-hom, which caused the evacuation of about a million people and the cancellation of hundreds of air flights in eastern China on Saturday, weakened as it moved northeast along the East China ocean toward the...
China’s Draft Cyber Security Law Worries Multinationals, Internet Providers
Jul 9 2015 // China’s parliament has published a draft cyber security law that consolidates Beijing’s control over data, with potentially significant consequences for internet service providers and multinational firms doing...
