Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Starr Companies Completes Majority Ownership of Chinese Insurer
Jul 17 2014 // Starr Companies has announced the completion of its majority ownership of Shanghai based Dazhong Insurance Company Limited of China. The company will be renamed as Starr Property & Casualty Insurance (China) Company,...
Best Assigns Ratings to Starr Property & Casualty Insurance (China)
Jul 17 2014 // A.M. Best has assigned the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Starr Property & Casualty Insurance (China) Company, Limited (Starr China), formerly...
Typhoon Rammasun Makes Landfall in Philippines; AIR Analysis
Jul 16 2014 // Catastrophe modeling firm AIR Worldwide reported that Typhoon Rammasun made landfall in the Philippine province of Sorsogon with sustained winds of 157 km/h (98 mph) on Tuesday, July 15, in late afternoon local time. The...
Report: Data Breaches Cost N.Y. Businesses $1.37B Last Year
Jul 15 2014 // Security breaches exposing consumers’ personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general’s office said. Data...
Typhoon Rammasun Targets the Philippines; AccuWeather Report
Jul 15 2014 // A bulletin from the AccuWeather Global Weather Center reports that “Typhoon Rammasun is on track to threaten the Philippines Tuesday and Wednesday. “Rammasun strengthened back to a tropical storm early Sunday...
Swiss Re Agrees to Purchase RSA’s Sun Alliance in China
Jul 3 2014 // Swiss Re, the world’s second – largest reinsurer, agreed to buy a Chinese unit of RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects. The Zurich-based company is buying...
U.S. Ambassador Presses China Over Cyber Theft, Investment Treaty
Jun 25 2014 // Cyber theft of trade secrets by China is a threat to U.S. national security, U.S. Ambassador to China Max Baucus said on Wednesday in the first major public address of his tenure, warning that Washington would continue to...
Koh Joins Hong Kong’s Peak Re as Senior VP
Jun 24 2014 // Peak Reinsurance Co. Limited, the Hong Kong based reinsurer, has appointed Kathleen Koh as senior vice president to underwrite credit and surety business. Koh will be responsible for developing and growing Peak Re’s...
Traders Wary of Metal Financing Risk in China’s Unregulated Warehouses
Jun 24 2014 // Shaken by a fraud investigation into metal financing in the world’s seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China’s sprawling...
Active Season for West Pacific: AccuWeather 2014 Typhoon Forecast
Jun 12 2014 // The AccuWeather Global Weather Center has issued a forecast for the 2014 West Pacific typhoon season, which anticipates “near-normal numbers.” The forecast also noted, however, that “the onset of El Niño...
Deep-Sea Search for MH370 Was in Wrong Place, Australia Says
May 29 2014 // A deep-sea hunt for the missing Malaysian passenger jet has focused on the wrong place for nearly two months, officials said today, after a survey of a remote stretch of the Indian Ocean found no trace of wreckage. A zone...
Chinese Hacking Raises Cyber Attack Disclosure Issue for Companies
May 21 2014 // Three U.S. public companies identified as Chinese hacking victims didn’t report the theft of trade secrets and other data to investors, despite rules designed to disclose significant events. Two of the companies...
Protests Damaging Vietnam Industrial Zones Raise Investor Concerns
May 16 2014 // Dexter Hsu spent Tuesday night barricaded inside his workers’ dormitory in Vietnam’s Binh Duong province. Tables were stacked up against the doors, but he and his dorm-mates were terrified by the shouts and...
Vietnam Protests Over China Oil Rig Damage Taiwan-Owned Factories
May 14 2014 // Anti-China rallies sparked by the placement of an oil rig in waters near Vietnam damaged factories owned by Taiwanese companies, with some plants closing as Vietnam detained hundreds of protesters. Vietnam’s...
China Insurance Regulator Warns Insurers on Investments in Debt
May 14 2014 // Chinese insurers face increasing risks from their investments in property and local government debt as the nation’s economic growth slows, according to a senior regulatory official. The China Insurance Regulatory...
China Regulators Draft Rules for Insurer Trusts
Apr 23 2014 // Collective trusts that insurers are allowed to invest in are confined to those backed by financing assets and non-listed equity assets, according to draft rules posted on the website of China Insurance Regulatory...
A Tough Sell: Insurance Coverage for a China Financial Crisis
Apr 21 2014 // Selling insurance against a financial crisis should not be difficult five years after the last one nearly wrecked the global economy. But when it comes to China, the world’s second-largest economy, the probability of...
South Korea Says 293 Missing After Ferry Sinks En Route to Jeju Island
Apr 16 2014 // South Korea’s government said 293 people remain missing after a ferry carrying hundreds of high school students sank en route to the resort island of Jeju. At least two people, including a student, died in the...
China Relaxation of Insurance M&A Rules Could Invite More Global Firms
Apr 8 2014 // China’s decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow insurers, including...
Ng Joins Miller’s Treaty Reinsurance Team in Hong Kong
Apr 7 2014 // Joe Ng has joined Miller Insurance Services in Hong Kong in a treaty reinsurance business production role. Joe NgMiller Insurance Services Before joining Miller, Joe Ng spent 43 years at China Taiping Group in various...
