Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Business Moves
May 7 2007 // Engle Martin, LMS Engle Martin & Associates, Inc., an Atlanta-based multi-line insurance claims administration and adjusting company, has acquired the specialty fraternal and not-for-profit services of Litigation...
IPCC Delegates Hammer Out Climate Change Report in Thailand
May 4 2007 // International delegates struggled into the night Thursday to agree on ways of cutting destructive greenhouse gas emissions-or face economic and environmental catastrophe caused by global warming. China has emerged as a key...
Developing Countries Want Assistance Offer Included in Climate Report
May 3 2007 // Developing countries are demanding that a key climate report being negotiated this week in the Thai capital recognize a troubling reality: they will be hit worse by a warming world and need plenty of help to deal with...
US, China Criticize Climate Change Action Study, as EU Calls for Action
May 2 2007 // The European Union called on developing countries Tuesday to take action to reduce greenhouse gases, as delegates worked to finalize a report detailing measures needed to save the planet. The draft report from the...
Kan. Pet Food Maker Sues Ingredient Supplier
Apr 30 2007 // A pet food manufacturer that recalled 60 million cans of its products last month has sued another company that it says supplied a contaminated ingredient. Menu Foods Midwest Corp. wants ChemNutra Inc., of Las Vegas, to pay...
Catlin Details Participation in LRCCL
Apr 18 2007 // A bulletin from the Bermuda-based Catlin Group Limited, whose operating companies also do business from the UK, the U.S. and Lloyd’s, notes that its Lloyd’s Syndicate 2003 “is one of the inaugural...
Assurex Assesses Asian Market Opportunities, ‘Pitfalls’
Apr 17 2007 // Assurex Global Partners assembled “more than 100” members “from six continents” at its annual Spring Partners’ Conference, held recently in Hong Kong, where they “discussed the...
Lloyd’s China Re Officially Opens
Apr 17 2007 // Lloyd’s announced the official opening of its Chinese reinsurance operations (See IJ web site April 3 and April 25, 2006) at a ceremony attended by “a host of dignitaries,” including Lloyd’s...
Best Issues China Rating Report
Apr 16 2007 // A.M. Best Co. has released its country risk report on China, classifying it as “Tier III.” It can be accessed at: www.ambest.com.hk/countryrisk. Best also announced: “Louise Julier, General Manager,...
Lloyd’s China Reinsurer Rated ‘A’ by S&P, Best and Fitch
Apr 3 2007 // The three major rating agencies, Standard & Poor’s, A.M. Best and Fitch Ratings, have all assigned “A” ratings (Fitch was actually ‘A+’) to Lloyd’s Reinsurance Co. (China) Ltd....
The Commissioners: John Morrison
Mar 26 2007 // Montana fights for uninsured, seeks catastrophe fund and captives The hallmarks of John Morrison’s legacy as Montana State Auditor, the Commissioner of Insurance and Securities, is to help provide more affordable...
Study Reveals Potential for $100 Billion Earthquake Loss in Beijing, China
Mar 16 2007 // Risk Management Solutions (RMS) announced the preliminary results of a study analyzing the impacts of the 1679 Sanhe-Pinggu Earthquake based on the 2007 population and property exposures of the Beijing, China area. The...
Insurance exec: China offers lessons in globalization for U.S. and world
Mar 12 2007 // C.V. Starr’s Greenberg on China’s economic revolution and making the world safer through globalization I am not going to talk about regulation, not yet. I will soon but it will not be today — real soon. I...
Insurance exec: China offers lessons in globalization for U.S. and world
Mar 12 2007 // I am not going to talk about regulation, not yet. I will soon but it will not be today — real soon. I cannot wait.” Thus Maurice “Hank” Greenberg — target of Eliot Spitzer, prosecutors,...
AutoMart Signs up Chinese Insurers
Mar 6 2007 // AutoMart-China, a 95 percent owned subsidiary of Florida-based Deep Field Technologies, has become the “largest independent auto aftermarket company in Beijing,” according to a Company bulletin. The Company has...
Lloyd’s Launches Malaysian Subsidiary
Mar 1 2007 // Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its...
Ping An to List Shares in Shanghai
Feb 28 2007 // Ping An Insurance (Group) Company of China Ltd. must be aware of the old Chinese curse – “May you live in interesting times -” but it has nonetheless chosen to begin listing its A-Shares on the Shanghai...
R&M Issues China P/C Report
Feb 7 2007 // Dublin-based Research and Markets has added “Non-life Insurance in China” to their offering. “The Non-life Insurance in China industry profile is an essential resource for top-level data and analysis...
Best Assigns ‘A-‘ Ratings to South China Insurance Co.
Feb 1 2007 // A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Taiwan’s South China Insurance Company Limited with a stable...
Marsh Granted First ‘Wholly-Owned’ License in China
Jan 26 2007 // Marsh announced it has been awarded China’s first ever Wholly-Owned Foreign Enterprise (WOFE) insurance broking license. The bulletin said the “new license provisions, subject to tax and regulatory approvals,...
