China’s banking and insurance regulator said on Monday it had told all of the country’s banks to sharply increase lending to private companies, as policymakers step up support for the slowing economy. Big state-owned commercial banks should increase outstanding loans …
China’s banking and insurance regulator said on Friday it will extend its control of Anbang Insurance Group Co. Ltd. for one year to Feb. 22, 2020. The regulator will maintain the stable operation of Anbang and protect the interests of …
American International Group announced that Lisa Sun will join the company as chief executive officer of AIG Insurance Company China. Sun joins AIG from Mercer, where most recently she was CEO of Mercer’s Hong Kong & South and East Asia …
Willis Towers Watson reports that China’s Banking Insurance Regulatory Commission (CBIRC) earlier this month approved Willis Insurance Brokers to be the first fully licensed foreign broker to transact all insurance business in China. This follows President Xi Jinping’s announcement early …
China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push into …
When Zhang Xixi, a 25-year-old staffer at an online financial company in China’s southern province of Guangdong, decided last year to buy personal insurance for the first time, he was swamped with options. Local insurers rushed to offer him products …
China’s services sector got off to a flying start in 2018, expanding at its fastest pace in almost six years as new orders surged and companies rushed to hire more staff, a private survey showed on Monday. Economists also attributed …
Starr Cos. announced it is working with China’s PICC Health Insurance Co. Ltd. to provide insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries. The companies are providing a specialty accident and health offering jointly …
Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China that will provide PICC’s customers and other Chinese-affiliated companies around the world access to Chubb’s global capabilities. As part of …
China’s tech giants — Baidu, Alibaba and Tencent — increasingly have a finger in every part of the economy. So why aren’t they bigger participants in what should be an easy sell online: insurance? Some inroads are being made. Last …
