Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Best Affirms China International Re ‘A-‘ Ratings
Mar 27 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of the Hong Kong-based China International Reinsurance Company Limited (CIRe) with a...
Ping An Buys Half of Fortis Asset Arm
Mar 20 2008 // China’s Ping An Insurance Co Ltd. deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for €2.15 billion ($3.4 billion). Ping An, China’s...
Greenhouse Funds Gloom Hangs over G20 Climate Talks
Mar 14 2008 // Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on...
China Vows New Product Safety Rules
Mar 6 2008 // The Chinese premier said this week that Beijing is taking steps to ensure that its product safety regulations meet international standards, signalling another phase in China’s wide-ranging campaign to repair its...
CNinsure Adds Two More Agencies
Mar 6 2008 // CNinsure Inc. remains in an acquisitive mode. The Chinese agent/broker announced that it has acquired majority interests in Shenzhen Huameng Insurance Brokerage Co., Ltd. and Fuzhou Guoxin Insurance Agency Co., Ltd. The...
Willis to Consult on China’s Three Gorges Dam Project
Mar 5 2008 // Willis Group Holdings announced that it has won a two-year contract as the insurance consultant for the operational assets of “the largest hydropower project in the world,” – China’s Three Gorges...
China to Work with WTO on Financial Info Case
Mar 4 2008 // China said on Tuesday, March 4, that it will respond through World Trade Organization channels to a case brought by the European Union and the United States over what they regard as unfair treatment of financial...
CNinsure Acquires 60% Stake in Liaoning Gena
Mar 4 2008 // Chinese independent broker CNinsure Inc. announced the acquisition of a 60 percent stake in Liaoning Gena Insurance Agency Co., Ltd., thereby extending its market presence to Liaoning Province in northeast China. Earlier...
New China Financial Chief Could Speed Up Banking, Insurance Reforms
Feb 29 2008 // When China’s leadership reshuffle is finalised during the annual parliament session that starts next week, the man tipped to become the country’s leading financial official will face high expectations. Bankers...
China’s Ping An May Scale Back Massive Share Offer
Feb 27 2008 // China life insurer Ping An Insurance, under pressure from regulators, indicated it might scale back or postpone a massive $17 billion share issue, sending its shares sharply higher on Tuesday. The China Securities...
CNinsure Reports Q4, FY Financial Results
Feb 26 2008 // China’s CNinsure Inc. has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2007. The bulletin noted that the earnings announcement “contains translations of...
Chinese Regulators Cite Marsh as #1 International Broker
Feb 19 2008 // Marsh got a chance to deliver some good news, when the China Insurance Regulatory Commission (CIRC) ranked it number one out of China’s top 20 intermediaries based on annual invoiced revenue. The survey published in...
Metal Pieces Found Embedded in Lollipops
Feb 19 2008 // What appeared to be a metal staple was found in a lollipop at a Florida elementary school, a day after a woman reported a blade-like piece of metal in another bag of the same product, made in China. It has been pulled from...
Ratings Roundup: Mapfre, Platinum, China(Macau), Coastal Medical
Feb 15 2008 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “a” of Mapfre S.A. (formerly Corporacion Mapfre S.A., the holding company of Spain’s Mapfre Group) and the ratings of “a” on the...
Lockton Creates China Desk in London
Feb 11 2008 // Lockton has created a China Desk in London managed by Jiong Zhang, to reinforce the global broker’s existing relationships with insurance and reinsurance clients in the Far East. Lockton’s Executive Chairman...
SCOR Receives Approval for Beijing P/C Branch
Feb 6 2008 // France’s SCOR Group has received final approval to start operating a Property and Casualty branch in Beijing from the China Insurance Regulatory Commission (CIRC). The endorsement of SCOR’s request to set up a...
AIR Analyzes ‘China’s Worst Winter Weather in 50 Years’
Feb 6 2008 // A report from Boston-based AIR Worldwide, analyzes the havoc caused by a series of winter storms that have been sweeping across China for nearly a month. AIR described them as the “China’s worst winter storms...
Benfield to Open Beijing Office
Feb 4 2008 // Reinsurance and risk intermediary Benfield announced that it has received approval from the China Insurance Regulatory Commission (CIRC) to open a new representative office in Beijing. The new facility adds to...
Ratings Roundup: South China Insurance, Transmonde, Bluewater
Feb 4 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Taiwan’s South China Insurance Co., Ltd. with a stable outlook. “The...
China’s CNinsure Buys Majority Interests in 2 P/C Insurance Agencies
Feb 1 2008 // CNinsure Inc., a leading independent insurance agency and brokerage company operating in China, is acquiring majority interests in Changsha Lianyi Insurance Agency Co., Ltd. (Lianyi) and Jiangmen Fanhua Zhicheng Insurance...
