September 23, 2015
Markel International, the specialist insurer, has appointed Hu Qianhai to head its business in the People’s Republic of China, based in Shanghai. Markel has had a presence in China since 2011, when it opened a representative office in Beijing and …
September 21, 2015
Fitch published a list of key takeaways from last week’s reinsurance Rendez-Vous in Monte Carlo, where some of the major trends affecting the industry were discussed: mergers & acquisitions, alternative capital, pricing and the Tianjin Port explosion in China. Meetings …
September 18, 2015
China Reinsurance Group Corp., the nation’s biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based company plans to seek about $2 billion in the share sale, said …
September 15, 2015
Alibaba Group Holding Ltd.’s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial Holding Co. Zhejiang Ant Small & Micro Financial Services …
September 11, 2015
Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its push into the banking and insurance industries. The company …
August 27, 2015
China’s top prosecutor is holding 10 officials and port executives as well as a senior Transport Ministry official under criminal detention for alleged neglect of duty and abuse of power in the Tianjin warehouse explosions that killed at least 139 …
August 24, 2015
Ping An Insurance (Group) Co., China’s second-largest insurer, is boosting overseas assets as the nation’s slowing economy and falling interest rates make it difficult to find investments with attractive returns at home. The company has about 16 billion yuan ($2.5 …
August 21, 2015
Pakistan Prime Minister Nawaz Sharif’s $46 billion plan for an economic corridor with neighboring China as part of his revival push is promising to boost the prospects of the nation’s insurers. Adamjee Insurance Co. and Jubilee General Insurance Co., which …
August 21, 2015
Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we expect most of the affected …
August 20, 2015
Ping An Insurance (Group) Co., China’s second-largest insurer, said profit jumped 62 percent in the first half of this year as a stock-market rally boosted investment returns. Net income rose to 34.6 billion yuan ($5.42 billion) in the period from …