Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
AXA Gives Donnet Greater Role in Japan, Asia-Pacific; Penn to Head Australia/NZ
Aug 17 2006 // France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific...
China Economy Should Expand 10.4%
Aug 16 2006 // China’s sizzling economy is slowing but should still expand by 10.4 percent this year, the World Bank said Tuesday, as newly released statistics suggested measures to prevent runaway growth might be taking...
Powerful Typhoon Kills 83 in China
Aug 11 2006 // The most powerful typhoon to hit China in five decades raged across its southeastern coast Thursday, claiming at least 83 lives as it capsized ships, destroyed buildings and forced 1.5 million people from their...
China Evacuates 433,000 Before Storm
Aug 10 2006 // More than 433,000 people have been evacuated from parts of China’s southeastern coast that are due to be hit by Typhoon Saomai, a government news agency reported Thursday Saomai was expected to hit the mainland on...
Outlook For China’s Insurance Sector Now Positive
Jul 30 2006 // Standard & Poor’s Ratings Services revised its outlook on China’s insurance sector to positive from developing to reflect expectations that the financial strength of the overall industry will improve over...
Taiwan May Relax Investment Rules to Compete with China
Jul 25 2006 // The Taiwan government may allow a number of companies to invest more in rival China but will not grant an overall relaxation of its investment restrictions, a senior government official said. Taiwan plans to hold a two-day...
Insurance and the World Trade Organization negotiations
Jul 24 2006 // The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide...
Insurance and the World Trade Organization negotiations
Jul 24 2006 // The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide...
Storm Recovery Slow for Southern China’s Rural Communities
Jul 24 2006 // China’s premier has urged local officials to redouble efforts in caring for victims of Tropical Storm Bilis, state media reported Sunday, underscoring concerns about lapses in responding to the storm that killed more...
Willis Expands Chinese Operations
Jul 19 2006 // Willis Group Holdings will be strengthening its position in China by opening an office in Macau, dubbed the next “Las Vegas.” The new operation will cater to the region’s booming leisure and entertainment...
Lloyd’s “360 Risk Project” Conference Tackles Climate Change
Jul 7 2006 // Lloyd’s new 360 Risk Project is dedicated to examining issues that affect the insurance industry, and its first conference took on today’s most far-reaching and important issue – the debate over climate...
IAG Reports Progress on China Pacific Share Acquisition
Jul 6 2006 // Insurance Australia Group Limited announced that negotiations for the acquisition of a 24.9 percent stake in China Pacific Property Insurance Co., Ltd. (CPPI) have “progressed to the stage that draft transaction...
Business Moves
Jun 5 2006 // General Motors, Shanghai General Motors Corp. received approval to open an office in Shanghai as a step toward beginning insurance operations in China. Detroit-based GM said that Motors Insurance Corp., part of the...
AIG Receives China Group Sale License
May 29 2006 // American International Assurance Company, Limited (AIA), a subsidiary of American International Group, has received approvals from the China Insurance Regulatory Commission (CIRC) to conduct group insurance business...
Swiss Re Opens HK Training Center
May 22 2006 // Swiss Re announced that it has officially opened the “Swiss Insurance Training Centre (HK) [SITC-HK], to mark the company’s 50th year in Asia-Pacific.” Swiss Re said the new facility will provide...
Zurich Receives Approval for General Branch in Beijing
May 22 2006 // Zurich Financial Services Group announced that it has been granted a business license to establish a general insurance branch in Beijing. Both the China Insurance Regulatory Commission (CIRC) and the State Administration...
Typhoon Chanchu Hits China Coast
May 18 2006 // Typhoon Chanchu came ashore on the Southern coast of the Chinese mainland early this morning, May 18, local time. The powerful storm, packing winds in excess of 100 mph (168 kph), has reportedly caused 11 deaths and...
General Motors Gets Okay to Open Insurance Office in Shanghai
May 18 2006 // General Motors Corp. announced this week that it has received Chinese approval to open an office in Shanghai as a step toward beginning insurance operations in China. Detroit-based GM said that Motors Insurance Corp., part...
China’s P&C Insurer Licenses AIR’s Quake Cat Models
May 17 2006 // Boston-based AIR Worldwide Corporation announced that China’s PICC Property and Casualty Company Limited has licensed CLASIC/2™ and CATRADER®, AIR’s catastrophe risk management systems, to manage the...
RMS Partners With China Earthquake Administration’s Institute of Engineering Mechanics to Develop China Earthquake Risk
May 16 2006 // Newark, Calif.-based Risk Management Solutions (RMS) has formed a partnership with the China Earthquake Administration scientific and engineering arm, the Institute of Engineering Mechanics (IEM). “This partnership...
