March 8, 2016
CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced it has joined Lloyd’s Insurance Company (China) Ltd. in Shanghai by establishing CNA Hardy Underwriting division on the platform. The company began operating from …
February 25, 2016
AXA SA, France’s largest insurer, said 2015 profit rose 12 percent, helped by higher life insurance sales in Europe and Asia. The shares rose. Net income climbed to 5.62 billion euros ($6.2 billion) from 5.02 billion euros [$5.5 billion] a …
February 5, 2016
China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been …
January 28, 2016
London-based Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance Group, has joined the Lloyd’s China platform. LSM’s Underwriting Division of Lloyd’s Insurance Company (China) Ltd. (LICCL) has appointed Eve Li as its first representative in Beijing, China. …
January 25, 2016
The premium income received by China’s insurance firms hit 2.4 trillion yuan ($364.85 billion) in 2015, the industry regulator said on Monday. This means insurance premium income rose 20 percent last year from 2014, Chen Yingdong, a spokesman for the …
January 11, 2016
China’s cabinet is set to take on a bigger role in overseeing financial markets, as perceived missteps by existing regulators fuel concerns globally that Beijing may lose its grip on economic policy with growth at its slowest in a quarter …
December 31, 2015
The vague wording of China’s new counter-terrorism law raises concerns about how telecommunications carriers and network service providers will be expected to implement the regulations in practice, the European Chamber of Commerce in China said on Tuesday. The law, approved …
December 7, 2015
American International Group is seeking to raise about $750 million by selling part of its stake in China’s state-run PICC Property and Casualty Co. Ltd., according to a term sheet of the deal seen by IFR on Monday. AIG is …
December 2, 2015
Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of an underwriting division at Lloyd’s Insurance Company (China) Ltd. The underwriting division will focus on treaty reinsurance business on the …
December 1, 2015
Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance, SAIB said in a statement, noting that it was insurance …