Anbang Insurance Group News

Waldorf Sale to Chinese Firm Risks U.S. Review Over Spying Concerns

For years, high-profile guests at New York City’s landmark Waldorf Astoria hotel could be assured their private conversations wouldn’t be overheard by anyone — except, perhaps, by U.S. spies. That may be changing. The 83-year-old Art Deco luxury hotel, home …

U.S. Eyes Sale of New York’s Waldorf Hotel to Chinese Insurer

Concerned about potential security risks, the U.S. government is taking a close look at last week’s sale of New York’s iconic Waldorf Astoria hotel to a Chinese insurance company. U.S. officials said Monday they are reviewing the Oct. 6 purchase …

NYC’s Waldorf Astoria to Be Biggest Chinese Real Estate Purchase in U.S.

New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their country. Beijing’s Anbang Insurance Group Co. …

Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B

Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China’s Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the 1,232-room luxury hotel, which …

Tantrums, Concubines, Hotpot Burns, Smog: China Insurers Have it Covered

Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning your tongue eating hotpot or …