Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Ratings Recap: NIPPONKOA (China), Leadway, B&B, Montpelier Re, Milli Re
Sep 21 2011 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of ‘a-‘ to NIPPONKOA Insurance Company (China) Limited, both with stable outlooks. The ratings...
Lloyd’s Issues First Direct Insurance Policy in China
Sep 15 2011 // Lloyd’s announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited, in a move which “marks the next step in...
U.S. Court Fight May Not Solve Chinese Accounting Mess
Sep 14 2011 // U.S. regulators appear to be on strong footing in a legal battle over a Chinese auditor’s work papers, though their ability to act may have limits and a victory in court may not resolve a widening international...
Some in Florida Want to Opt Out of Chinese Drywall Settlement
Sep 8 2011 // Hundreds of Floridians want to opt out of a proposed $53 million federal settlement over faulty Chinese drywall in hopes of pursuing lawsuits in state courts. Attorneys representing the Florida homeowners planned Wednesday...
UPDATE: ConocoPhillips Apologizes for China Oil Spill
Sep 7 2011 // U.S. energy giant ConocoPhillips moved to repair its frayed relations with Chinese regulators on Wednesday, apologizing for an oil spill in northern China’s Bohai Bay and saying it will establish a fund to address...
China Orders ConocoPhillips to Halt Output at Bohai Bay Oilfield
Sep 2 2011 // China’s State Oceanic Administration (SOA) has ordered a subsidiary of ConocoPhillips to halt all operations at the Penglai 19-3 oilfield in northern China’s Bohai Bay, saying the company has failed to seal a...
UN Climate Head Says Durban Talks Can Deliver Results
Sep 1 2011 // A record rise in global greenhouse emissions and ever tighter economic constraints make it crucial for United Nations climate talks in South Africa in November to overcome years of deadlock and deliver a solution, the...
Report Says Asia to Add 1.66 Million Millionaires by 2015
Aug 31 2011 // Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastest-growing major economies of China and India continue to mint millionaires, a report...
Typhoon Nanmadol Departs Taiwan, Heads for China
Aug 30 2011 // Typhoon Nanmadol headed to southeastern China on Monday after dumping more than 20 inches (half a meter) of rain in southern Taiwan, where wide swaths of agricultural land were flooded and some 8,000 people evacuated. The...
Best Affirms China Re and Subs ‘A’ Ratings; Outlook Stable
Aug 26 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of China Reinsurance (Group) Corporation (China Re) and its subsidiaries, China...
ConocoPhillips Evaluating China Oil Spill Impact
Aug 24 2011 // A subsidiary of ConocoPhillips said it has started evaluating the impact of its oil spill on the marine environment in China’s northern Bohai Bay, but it has not yet received any claims for the incident. State media...
Chinese Insurer Ping An Posts 33% Rise in 1st Half Profits
Aug 19 2011 // Ping An Insurance Co. of China Ltd. said Thursday its fast-growing banking business helped to boost profit for the first half by nearly 33 percent. Profit for the six months ending June 30 was 12.8 billion yuan ($1.9...
China to Expand Investment Options for Overseas Yuan Holdings
Aug 17 2011 // Chinese Vice-Premier Li Keqiang said China will soon allow foreign investors to buy mainland securities using yuan up to an initial quota of 20 billion yuan ($3.1 billion), a move aimed at promoting international use of...
Insurance Australia Group to Acquire Stake in China’s Bohai Insurance
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurer IAG said it would pay RMB687.5 million...
Insurer Offers Bail Out to U.S. Government
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
China Buys U.S. Surplus Lines Industry
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Chinese Bullet Train Maker Halts Some Production
Aug 12 2011 // A Chinese bullet train manufacturer has halted some production while it investigates repeated breakdowns on the new Beijing-Shanghai line. China North Locomotive and Rolling Stock’s announcement is the latest setback...
Aon Benfield Sponsors Updated Atlas of Natural Disaster Risk in China
Aug 11 2011 // Reinsurance broker Aon Benfield has sponsored the third edition of the Atlas of Natural Disaster Risk in China, a Chinese government research project that for the first time looks at how hazard, vulnerability and exposure...
Sources Say New China Life Files for up to $4 Billion IPO
Aug 11 2011 // New China Life, the country’s third-largest life insurer, has filed an application to list in a dual Hong Kong and Shanghai IPO, sources said, braving volatile markets to raise up to $4 billion. New China Life, in...
Typhoon Muifa Drops Heavy Rains on Philippines; Moving to China
Aug 5 2011 // Catastrophe modeling firm AIR Worldwide is currently tracking Typhoon Muifa as it moves across the Pacific Ocean towards mainland China, after delivering heavy rain to the Philippines Tuesday and Wednesday. Muifa is...
