China laid out more specific plans to turn Shanghai into a global financial center by 2020, listing a series of targets for the next three years to make the city a hub for yuan trading. The plan for Shanghai’s financial …
Aon Benfield announced two new appointments within its Asia Pacific division. Henry To will become non-executive chairman for Greater China. To has been with the firm for 30 years, having served most recently as chief executive officer of Aon Benfield, …
The Liberty Mutual Group announced that its provincial branch in Guangzhou, Guangdong Province in China has “commenced operations and issued its first insurance policy on December 2, 2011.” Liberty received the approval for the branch from the China Insurance Regulatory …
Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is mainly the local insurers …
A court in southern China has rejected a lawsuit by Apple Inc, accusing a Chinese technology company of infringing its iPad trademark, a newspaper reported on Tuesday, the latest move in a protracted tug-of-war over the name. The Intermediate People’s …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Aioi Nissay Dowa Insurance (China) Company Limited (ADIC), both with stable outlooks. The rating affirmations reflect ADIC’s “solid risk-adjusted capitalization and …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the opportunities and challenges vital for any insurer formulating a strategy in …
China should allow domestic and foreign companies to make investment decisions without government interference, the U.S. ambassador to China said on Friday. Ambassador Gary Locke also said the United States would work to double exports to China by 2015, and …
Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will result in the establishment of a special purpose syndicate at Lloyd’s of London, subject to Lloyd’s final approval. Catlin said …
China, the world’s largest auto market, is likely to open its mandatory auto insurance market to foreign companies next year, chairman of the Insurance Association of China said on Wednesday. The 200 billion yuan ($31.53 billion) auto insurance market is …
