Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Typhoon Chan-hom Tracks toward SE China, May Graze Taiwan: AIR Report
Jul 9 2015 // According to catastrophe modeling firm AIR Worldwide, Typhoon Chan-hom is “steadily intensifying as it passes over warmer-than-average ocean water.” The storm also remains on track to make land fall on Saturday...
Aon Benfield’s June Cat Report Highlights China Rains, Floods, U.S. Storms
Jul 9 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that...
China Seeking “Win-Win” Climate Plan; Poised for Pledge
Jun 29 2015 // China is seeking a fair, global system to tackle climate change and is about to make a joint announcement on the environment, Chinese Premier Li Keqiang said before a summit in Brussels with top European Union officials on...
Beazley Introduces Fraudulent Instruction Insurance
Jun 25 2015 // Beazley has introduced fraudulent instruction insurance, a new coverage to address losses from the transfer of funds as a result of fraudulent instructions from a person purporting to be a vendor, client or authorized...
Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re
Jun 24 2015 // The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest...
China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek
Jun 22 2015 // Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding...
Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley
Jun 19 2015 // Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The...
Smith to Head Ironshore’s New Chinese Investment in U.S. Practice Group
Jun 15 2015 // Ironshore Inc. announced the formation of the Chinese Investment Practice Group, building upon its relationship with Fosun International, to identify Chinese investment opportunities in U.S.-based companies and assets....
Yangtze Ship Disaster Insurance Payout Estimated at $14.9 Million
Jun 11 2015 // China’s insurance regulator estimates the payout in the fatal Yangtze cruise ship capsizing last week, which killed more than 400 people, at around 92.5 million yuan ($14.91 million), the official Xinhua news agency...
Obama Seeks ‘Nimble, Aggressive, Well-Resourced’ Cyber Defense
Jun 9 2015 // President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has yielded growing signs...
Should U.S. Retaliate for Cyber Attacks?
Jun 9 2015 // The Obama administration should retaliate for a cyber-attack on federal employee records that was the worst breach the U.S. government has ever suffered, members of Congress said on Sunday. “There has to be a price...
G-7 Pushes for Zero Greenhouse Gas Emissions by End of This Century
Jun 8 2015 // Some of the world’s richest nations threw their weight behind a plan to stamp out fossil-fuel emissions by the end of the century in an unprecedented show of unity on climate change. The Group of Seven is pushing to...
UPDATE: Owner of Capsized China Ship Told to Dock Second Vessel, Inspect Fleet
Jun 4 2015 // The owner of a ship that capsized on China’s Yangtze River with 456 people aboard has been ordered to suspend operations of a second boat and carry out safety probes on its entire fleet, an official at the Yangtze...
Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster
Jun 3 2015 // PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and other insurers have sent teams to the site to settle claims in connection with what could be the...
Renewed Safety Concerns as Chinese River Ferry Capsizes with 400 People Aboard
Jun 2 2015 // Rescuers in central China are scrambling to find survivors from a cruise ship carrying more than 400 people that overturned in the Yangtze river Monday night, as confirmation of passenger deaths begin to emerge. Five...
West Virginia Woman Suing Lumber Liquidators Over Chinese-Made Flooring
Jun 2 2015 // A West Virginia woman who purchased flooring from Lumber Liquidators is suing the company, citing reports its Chinese-made laminate flooring contains high levels of the carcinogen formaldehyde. Genevieve Baldwin filed suit...
China Broker Says Clients Can No Longer Borrow to Buy Ping An Shares
Jun 1 2015 // The brokerage unit of Chinese financial firm Shenwan Hongyuan Group Co Ltd will stop lending money to clients to buy shares in Ping An Insurance Group, the latest move in China’s drive to tighten margin financing...
Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions
May 29 2015 // A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to fund its huge...
Update: Russell Investment Exits Joint Venture With China’s Ping An
May 19 2015 // Russell Investment Management and China’s Ping An Insurance Group said they have terminated their investment joint venture after four years, the latest sign of friction between foreign fund managers and their Chinese...
China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
May 11 2015 // Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will sell the shares...
