Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
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...
China’s Snow Crisis Highlights Weaknesses of Economy
Jan 31 2008 // China’s financial capital saw fresh snowfall Wednesday as the impact of unusually wintry weather deepened, highlighting the vulnerabilities of the country’s booming economy. Heavy snows in recent days have...
Willis to Broker Airbus China Assembly Plant
Jan 28 2008 // EADS, the European consortium that designs and builds the Airbus coimmercial aircraft, has selected Willis Group Holdings as the insurance broker for a new Airbus A320 final assembly line in Tianjin, China – the...
Marsh Opens China Advisory Unit
Jan 24 2008 // Marsh’s London office reports that the insurance broker has launched a London-based division of its China Global Client Services practice. The new division, headed by Robert Wendin, will provide “comprehensive...
Major China Insurer Ping Selling Shares to Finance Acquisitions
Jan 23 2008 // A major Chinese insurer has announced plans to raise up to $22 billion (euro15.0 billion) for acquisitions at a time when U.S. and European banks, battered by mortgage losses, want infusions of Asian capital to replenish...
China- New Zealand Trade Pact Said to Cover Insurance But Details Scarce
Jan 23 2008 // New Zealand Trade Minister Phil Goff said this week he’s hopeful China and New Zealand have completed formal talks to finalize a free trade agreement between the two states — the first such deal by China with an...
FM Global Opens Beijing Office
Jan 16 2008 // Commercial and industrial property insurer FM Global has opened a representative office in Beijing, China following the receipt of approval from the China Insurance Regulatory Commission (CIRC). The regulator gave its go...
Ratings Recap: Allied World, China Insurance (Singapore)
Jan 10 2008 // A.M. Best Co. has assigned indicative ratings of “bbb” on senior debt, “bbb-” on subordinated debt and “bb+” on preferred stock to Bermuda-based Allied World Assurance Company Holdings,...
CNinsure to Acquire 60% Stake in Hubei Insurance Agency
Jan 9 2008 // CNinsure Inc., an independent Chinese insurance agency and brokerage company, announced the signing of a definitive agreement to acquire a 60 percent stake in Hubei East Century Insurance Agency Co., Ltd. The transaction...
CNinsure Expands Operation in China’s Zhejiang Province
Jan 4 2008 // CNinsure Inc., an independent Chinese insurance agency and broker, announced that it has signed a definitive agreement with three entrepreneurs to jointly establish Zhejiang Fanhua Tongchuang Insurance Agency Co., Ltd. The...
