Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
AIG to Buy 9.9% Stake in Chinese P/C Insurer
Oct 10 2003 // American International Group plans to further expand its already extensive activities in China by Buying a 9.9 percent stake in PICC Property & Casualty Co., the country’s largest general insurer with a 70...
Lloyd’s Of London Seeks Approval for Reinsurance License in China
Jul 23 2003 // Lloyd’s of London chairman Lord Levene will file a submission soon seeking approval to establish an on-shore reinsurance branch in China. Having an on-shore presence would allow Lloyd’s to reinsure local...
IIS Conference Hears Views of Industry Leaders
Jul 17 2003 // The International Insurance Society’s 39th Annual Seminar, held at New York’s Waldorf Astoria Hotel, concluded yesterday with a gala dinner at the United Nations. Attendees heard CEO’s and top managers...
Munich Re Awarded First Nationwide License in China
Jul 10 2003 // Munich Re has become the first international reinsurer to receive a country-wide composite reinsurance operating license in the People’s Republic of China from the Chinese Insurance Regulatory Committee (CIRC). The...
Insurance Hall of Fame to Induct AIG’s Edmund Tse, Grupo Nacional’s Clemente Cabello
Jul 8 2003 // Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the...
Winterthur, Two Others Receive Chinese Regulatory Approvals
Jun 30 2003 // Winterthur, the Insurance division of Credit Suisse, Tianan Insurance and the Shenzhen branch of Hong Kong’s Ming An Insurance Co. have reportedly been granted permission by Chinese regulatory authorities to offer...
China Opens Two New Areas to Foreign Insurers
Jun 17 2003 // The China Insurance Regulatory Commission announced that it has opened up the insurance markets in the southwestern cities of Chongqing and Chengdu. Under the terms of its accession to the World Trade Organization China...
SARS – 21st Century Epidemic’
May 19 2003 // Severe Acute Respiratory Syn-drome (SARS) has not, so far, threatened to be a repeat of the world’s last great pandemic—the “Spanish Flu” of 1918-19. Nor is it as lethal as malaria, which, according to...
World Struggles to Deal with Deadly SARS Virus
Apr 25 2003 // According to the World Health Organization more than 4000 cases of Severe Acute Respiratory Syndrome (SARS) have so far been reported, and more than 250 people have died from the infection. If anything those statistics are...
S&P’s Says SARS Could Damage Health of Emerging Asian Companies
Apr 15 2003 // Standard & Poor’s reports that a recent outbreak of a pneumonia-like illness known as Severe Acute Respiratory Syndrome (SARS) in greater China and southeast Asia is unlikely to have any immediate impact on its...
Japan’s Millea to Offer SARS Coverage
Apr 7 2003 // The two main operating companies of the Millea Group, Tokio Marine & Fire and Nichido Fire & Marine, announced that they would offer coverage to persons traveling outside of Japan against the risk of severe acute...
inreon Announces New Expansion in Asia
Apr 2 2003 // inreon, the online reinsurance platform founded by Munich Re and Swiss Re in 2000, announced a further expansion of its operations in Asia with both Korean Re and China International Re, two of the region’s leading...
Allianz Launches its first P/C Operation in China
Mar 26 2003 // Germany’s Allianz announced that it has received final approval from Chinese regulatory authorities to launch its first property and casualty insurance operation in China, to be called Allianz Insurance Company...
S&P’s Rates South China Insurance ‘BBB’; Outlook Stable
Mar 7 2003 // Standard & Poor’s has assigned its ‘BBB’ insurer financial strength and counterparty credit ratings to South China Insurance Co. Ltd. The outlook on the counterparty rating is stable. The ratings...
Genesis Technology Group Signs Agreement With Chinese Insurance Broker
Feb 5 2003 // Florida-based Genesis Technology Group, Inc. (GETC) has announced the signing of an agreement with Shanghai Dongda Insurance Brokers Company, Limited (Dongda) in Shanghai, China, that provides for GTEC to represent Dongda...
Aon Receives First Chinese Foreign Insurance Broker License
Jan 16 2003 // Chicago’s Aon Corp. announced that it has become the first foreign insurance broker to be granted a license for a joint venture partnership by the China Insurance Regulatory Commission (CIRC). The company received...
Chinese Regulators Ease Rules on Air-accident Insurance
Dec 31 2002 // According to a report from the China Securities Journal, Chinese insurance companies will be given greater leeway in setting premium rates and policy conditions for air-accident coverage beginning January 1. The China...
China to Allow Non-Life Companies to Sell Flight Insurance
Dec 23 2002 // China’s non-life insurers will be able to compete with the country’s life insurance industry to provide flight passenger insurance polices beginning January 1, 2003. A bulletin from the country’s official...
They Did It Their Way
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
S&P Upgrades Hong Kong’s CIRe Rating to ‘A-‘
Dec 10 2002 // Standard & Poor’s Ratings Services announced that it has revised its insurer financial strength and long-term counterparty credit ratings on Hong Kong-based China International Reinsurance Co. Ltd. (CIRe) to...
