Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Ratings Recap: Emirates, BMO Re, United, Oman Insurance, China Taiping (NZ)
Sep 18 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of United Arab Emirates-based Emirates Insurance Company...
Hacker Group in China Linked to Cyberattacks Against U.S. Firms: Symantec
Sep 17 2013 // Computer security experts have discovered a group of highly sophisticated computer hackers operating for hire, a U.S computer security firm said on Tuesday, and it linked the group to some of the best-known cyber-espionoge...
Alternative Capital Dominates Discussions at Reinsurance Rendez-vous
Sep 11 2013 // The 57th Reinsurance Rendez-vous is winding down, and, while it’s been another successful networking opportunity for the re/insurance industry’s movers and shakers, most of the discussions have ended on a note...
People – Southeast
Sep 9 2013 // Aon Risk Solutions, the global risk management business of Aon, recently announced the addition of Christopher Cote as senior vice president in the Charlotte, N.C., office. In his new role, Cote will be responsible for...
August’s Natural Disasters Caused $10B in Economic Damage: Aon Benfield
Sep 6 2013 // August saw billion-dollar flood losses in China, Russia, Philippines and Pakistan, bringing an initial combined estimate of $10 billion in economic losses, Aon Benfield said in a report on natural disaster...
Ping An Insurance Profit Rises on Investments, Banking Income
Aug 29 2013 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 28.3 percent as investment income expanded and earnings from banking operations grew. Net income climbed to 17.91 billion...
China’s PICC Group’s Profit Rises as Premiums, Investment Income Climb
Aug 26 2013 // People’s Insurance Company (Group) of China Ltd., parent of the nation’s biggest non-life insurer, said profit rose 53 percent in the first half as investment and premiums income expanded. Net income increased...
Zurich’s Hogan Rejoining AIG As CEO of Global Consumer Insurance
Aug 14 2013 // American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG in early October. Hogan...
Tropical Cyclone Utor Slams Philippines, Heads towards China: AIR Worldwide
Aug 13 2013 // Catastrophe modeling firm AIR Worldwide reports that “Typhoon Utor slammed into the northern Philippine island of Luzon on Monday, August 12, at around 3:00 pm local time (7:00 UTC) with 10-minute sustained winds of...
Liberty Mutual’s Shandong Branch Ready to Open for Business
Aug 9 2013 // Liberty Mutual Insurance Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), was granted final approval on June 27th to commence business in Shandong by the China Insurance Regulatory...
Aon Benfield’s July Cat Report Confirms Canada’s 2nd Billion Dollar Loss
Aug 8 2013 // According to the latest Global Catastrophe Recap report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, the “strong thunderstorms” that “brought record...
Munich Re Licenses AIR’s Updated Crop Insurance Models for U.S., China
Aug 8 2013 // AIR Worldwide reported that it has updated its Multiple Peril Crop Insurance (MPCI) Models for the United States and China. “These are weather-based models that estimate underwriting gains and losses based on crop...
Corporate ‘Sleuths’ on Edge after China Detains Foreign Consultants
Aug 1 2013 // The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on other risk consultants...
AIR Worldwide Analyzes Landslides, Building Damage from China Quake
Jul 23 2013 // Catastrophe modeling firm AIR Worldwide has released its analysis of the damages suffered by rural communities in northwest China’s Gansu province from the “devastating earthquake on July 21 at 23:45:56 UTC...
Earthquake in China’s Gansu Province Kills 56, Injures 392, Xinhua Says
Jul 22 2013 // An earthquake in the northwestern Chinese province of Gansu killed at least 56 people and injured 392, the official Xinhua News Agency reported. The 6.6-magnitude quake struck at 7:45 a.m. local time in the city of Dingxi,...
Best Revises Lloyd’s, China Sub, Society, Syndicates Ratings to Positive
Jul 22 2013 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of...
U.S., China Agree to Restart Investment Treaty Talks
Jul 17 2013 // The United States and China have agreed to restart stalled negotiations on an investment treaty, with Beijing dropping previous efforts to protect certain sectors of its economy from the start. The agreement to resume...
Heavy Rains Cause Major Floods, Mudslides in China: AIR Worldwide
Jul 12 2013 // AIR Worldwide reports that “days of heavy rain across the mountainous Yunnan and Sichuan provinces of southwestern China have caused widespread flooding and triggered landslides. Official reports state that 99...
New China Life Falls as Zurich Insurance Sells Shares
Jul 12 2013 // New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4...
Taiwan Braces for Direct Hit as Typhoon Soulik Approaches
Jul 12 2013 // Taiwan is bracing for a direct hit by Typhoon Soulik early tomorrow, prompting precautionary evacuations due to the risk of landslides, and airlines predicting high winds that would disrupt flights. Soulik may make...
