Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Chinese Drywall Maker’s 65% Owner Wants Out of Lawsuit
May 8 2015 // The majority owner of a company that made defective Chinese drywall says it should be dropped from a lawsuit with the potential for hundreds of millions of dollars in damages, because it does not manage the drywall...
Nepal Quake Biggest April Disaster: Aon Benfield/Impact Forecasting
May 8 2015 // Aon Benfield’s Impact Forecasting’s monthly catastrophe report for April highlights the catastrophic damage throughout Nepal, India, China, and Bangladesh, caused by the magnitude-7.8 earthquake that struck...
China Taiping Insurance Stock Jumps After Tech Moguls Join $1.7B Share Sale
May 8 2015 // China Taiping Insurance Holdings Co. jumped the most in more than six years after people with knowledge of the matter said China’s two richest technology moguls joined its $1.7 billion share sale. Taiping advanced 16...
China Taiping Insurance Plans to Raise $1.7 Billion in Private Share Sale
May 7 2015 // China Taiping Insurance Holdings Co. plans to raise HK$13.5 billion ($1.7 billion) in a private share sale after its stock price more than doubled in the past year. The insurer will sell 486 million shares at HK$27.74 a...
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
May 4 2015 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the...
Uber’s Office in Southern China Raided by Government: Xinhua News Agency
May 1 2015 // Authorities in the southern Chinese city of Guangzhou have raided the local office of online ride-hailing service Uber on suspicion of “unlicensed operation,” seizing a number of mobile phones, the official...
Nepal Quake Death Toll Exceeds 6,200; Rebuilding Costs Rise to $2B
May 1 2015 // The death toll from Nepal’s devastating earthquake rose steadily past 6,200 on Friday as fresh aftershocks and the stench of rotting bodies made it hard for nervous survivors to return to their homes. Disposal of the...
Ping An Profit Rises After Stock Rally Boosts Investment Returns
Apr 29 2015 // Ping An Insurance (Group) Co., China’s second-biggest insurer, said first-quarter profit rose 85 percent as stock-market rallies boosted investment returns and banking revenue expanded. Net income climbed to 20...
Meadowbrook Insurance Shareholders Approve Acquisition by Fosun
Apr 28 2015 // Meadowbrook Insurance Group, Inc., headquartered in Southfield, Mich., announced that the group’s shareholders have formally approved the pending acquisition of Meadowbrook by Fosun International Limited. In late...
AIA Reports 20% Hike in New Business During 1st Quarter
Apr 24 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in the first quarter, meeting analysts’ estimates. The measure of projected future profitability...
Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo
Apr 20 2015 // Willis Group Holdings plc’s Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising insurance...
OneBeacon Explores Sale; China’s Fosun Interested: Sources
Apr 8 2015 // OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to people with knowledge of the matter. OneBeacon has drawn interest from companies...
AIG Seeks $507 Million Through Sale of Some of Its Shares in China’s PICC
Mar 30 2015 // American International Group Inc. is seeking as much as $507 million through the sale of part of its holding in PICC Property & Casualty Co., China’s biggest non-life insurer. AIG, the largest commercial insurer...
Va. Retailer Lumber Liquidators Faces Safety Inquiry
Mar 26 2015 // The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators Chinese-made laminate flooring following a national TV broadcast raised concerns over levels of formaldehyde. Chairman...
Shipping Losses Down in 2014 But New Threats Loom: Allianz
Mar 26 2015 // Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual...
China Faces Severe Threats From Climate Change: Beijing-Based Meteorologist
Mar 25 2015 // Chinese officials don’t usually go into detail on the challenges that climate change poses for the world’s most populous and largest carbon-emitting country. But in a speech on March 23, a top meteorologist...
Ping An Profit Jumps 40% in 2014 on Strong Investment Returns
Mar 20 2015 // Ping An Insurance (Group) Co., China’s second-biggest insurer, rose to the highest in more than four years in Hong Kong stock trading on Thursday after it said profit jumped 40 percent last year. The shares advanced...
China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex
Mar 19 2015 // Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter...
Lloyd’s Opens Branch Office in Beijing to Access New Chinese Business
Mar 18 2015 // Lloyd’s opened a branch office in Beijing to access new business and forge closer links with business partners in China’s capital. Lloyd’s also appointed Songlin Chen, as general manager of the Beijing...
A.M. Best: China’s Solvency Rules Will Alter Reinsurance Buying Decisions
Mar 12 2015 // China’s new solvency regime will encourage direct insurers to revise their reinsurance programs, or panel of insurers, in order to better manage their solvency requirement arising from reinsurance credit risk,...
