Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Deloitte Advice for Insurers in 2012: Focus on New Products, Countries
Jan 18 2012 // Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new...
Cancer Village Lawsuit Tests China’s Pollution Lawsuit Climate
Jan 17 2012 // Nothing in Wu Wenyong’s rural childhood hinted he would end up on a hospital bed aged 15, battling two kinds of cancer. Born to poor farmers in Xiaoxin, a dusty village of low brick houses in southwestern Yunnan...
Aon Benfield Appoints 2 in Asia Pacific Region
Jan 13 2012 // Aon Benfield announced two new appointments within its Asia Pacific division. Henry To will become non-executive chairman for Greater China. To has been with the firm for 30 years, having served most recently as chief...
Securities Class Actions Steady in 2011; Surge Against Chinese Firms
Jan 3 2012 // The pace of filings of class actions under federal securities and commodity laws held relatively steady in 2011 as compared to the previous three years, according to a new report. But there has been a substantial shift in...
WTO Risks its Future by Keeping Doha Talks Alive
Dec 28 2011 // The 153 members of the World Trade Organization agree on two things: We’re in a hole. And we must keep digging. The hole is the Doha Development Round, a decade-old negotiation that was billed as the next stage of...
Chinese Drywall Settlement Could Reach $1B
Dec 16 2011 // Owners of thousands of U.S. homes tainted with foul-smelling Chinese drywall agreed to a legal settlement on Thursday with a German manufacturer. An attorney for the plaintiffs, Russ Herman, said the settlement reached...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Foreign Insurers Losing Out in China
Dec 16 2011 // Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is...
People
Dec 16 2011 // Liberty Mutual consolidated its specialty construction operations and appointed James Conroy senior vice president and chief underwriting officer for construction, Liberty Mutual commercial markets. Previously, Conroy was...
Liberty Mutual’s Guangdong Branch Opens for Business
Dec 15 2011 // The Liberty Mutual Group announced that its provincial branch in Guangzhou, Guangdong Province in China has “commenced operations and issued its first insurance policy on December 2, 2011.” Liberty received the...
Bulk of U.S. Data Theft Linked to Few Chinese Hacker Teams
Dec 13 2011 // As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks stealing critical data from U.S. companies and government agencies, according to U.S....
New U.N. Climate Deal Struck; Critics Say Gains Modest
Dec 12 2011 // Countries from around the globe agreed on Sunday to forge a new deal forcing all the biggest polluters for the first time to limit greenhouse gas emissions, but critics said the plan was too timid to slow global warming. A...
Greenberg Honored for China-U.S. Relations
Dec 7 2011 // The China General Chamber of Commerce – U.S.A. has honored Maurice R. Greenberg for his contributions toward U.S. and China exchanges. The organization’s Win-Win Award was presented to the insurance executive at...
Ratings Recap: China Taiping (NZ), Ansvar (NZ), Nationale Suisse
Dec 7 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of China Taiping Insurance (NZ) Limited (CTINZ), both with stable outlooks. Best said the...
Latest Analysis Concludes Foreign Insurers Missing Out on China Party
Dec 7 2011 // Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is...
Chinese Court Rejects Apple Lawsuit over iPad Name
Dec 7 2011 // A court in southern China has rejected a lawsuit by Apple Inc, accusing a Chinese technology company of infringing its iPad trademark, a newspaper reported on Tuesday, the latest move in a protracted tug-of-war over the...
Natural Disaster in China Would Severely Disrupt Global Supply Chains
Dec 7 2011 // A natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given China’s critical role in global manufacturing. That is according to a...
Best Affirms Ratings of Aioi Nissay Dowa Insurance (China)
Dec 5 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Aioi Nissay Dowa Insurance (China) Company Limited (ADIC), both with stable...
Aon Benfield Reports China Reinsurance Premiums up 70% since 2005
Dec 5 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the...
Declarations
Dec 5 2011 // China “If China opens the market, I don’t expect to see a big impact in the short term. It takes time for foreign insurers to steal market share from big players like PICC or Ping An.” —Zeng Sufen, an...
