Liberty Insurance Company Limited (LICL) has been granted approval by the China Insurance Regulatory Commission (CIRC) to increase its registered capital by $17.5 million. LICL is a wholly owned subsidiary of Liberty Mutual Insurance Co. and part of the Liberty …
From the satellite pictures on Google Earth, Jinan looks like any other Chinese city — sprawling construction sites, massive factory blocks, apartment buildings, a university, dozens of railway lines and wide-open plazas. But according to the Internet giant, somewhere in …
China asked Foxconn Technology Group and other Taiwanese firms to pay more attention to safety, after a deadly blast at a Chinese factory making iPads for Apple. Production in parts of the plant in the southwestern Chinese city of Chengdu …
Gradually rising sea levels caused by global warming over the past 30 years have contributed to a growing number of disasters along China’s coast, state news agency Xinhua said on Wednesday. Sea levels along China’s coastline had risen 2.6 mm …
Global reinsurance broker Aon Benfield and Shanghai Typhoon Institute (STI) of China Meteorological Administration – the only state-funded typhoon research institute in China – have entered into an exclusive strategic partnership to boost typhoon research in China and deliver relevant …
The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says. As a result, property/casualty insurers will increasingly view acquisitions and expansion into emerging markets such …
Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China’s Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world’s biggest insurance market. Goldman’s long-overdue purchase could pave the way …
Liberty Mutual Group announced that, through its wholly owned subsidiary Liberty Insurance Company Limited, it has been granted approval to establish a branch in Guangdong Province by the China Insurance Regulatory Commission (CIRC). Liberty’s headquarters in China in Chongqing, received …
A bulletin from Lockton notes that the UK Ambassador to China Sebastian Wood “lauded the work of international insurance brokers helping China to further develop its insurance markets. he was speaking at the official office opening ceremony of Lockton,’s new …
