Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
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...
Top Insurance Stories in 2007
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market
Dec 23 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Ratings Roundup: Insurance Australia Group, Bank of China
Dec 21 2007 // Standard & Poor’s Ratings Services has revised its ratings outlook on the counterparty and insurer financial strength ratings on Insurance Australia’s group of companies to negative from stable. S&P...
Willis Expands Global Graduate Program after China Success
Dec 14 2007 // Willis Group Holdings will expand its global graduate program in 2008, following the program’s “huge success” in China. The number of places available to students has risen from 14 in 2007 to 20 in 2008,...
Gore Calls on U.S., China to Act on CO2 in Nobel Prize Speech
Dec 11 2007 // Nobel Laureate Al Gore accepted the 2007 Nobel Peace Prize in Oslo Monday night Dec. 10 with a direct appeal to the U.S. and China to take action to curb greenhouse gas emissions, notably CO2. R. K. Pachauri, the Chairman...
Product Safety to be Discussed at China Talks, Vows U.S. Treasurer
Dec 7 2007 // Treasury Secretary Henry Paulson said that U.S. worries about Chinese product safety will be a major topic at high-level economic talks with China next week. The so-called Strategic Economic Dialogue comes as the United...
China’s CNinsure to Acquire Majority Stake in Insurance Adjuster
Dec 6 2007 // CNinsure Inc., an independent insurance agency and brokerage company operating in China, has announced the signing of definitive agreements to acquire a 60 percent stake in Guangdong Fangzhong Insurance Surveyors &...
Ratings Recap: China (NZ), Hannover ReTakaful, Fairfax, Radian (Europe)
Dec 5 2007 // A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of China Insurance (NZ) Company Limited of New Zealand with a stable outlook. The ratings...
Ping An Buys 4.18% Stake in Fortis
Nov 30 2007 // Fortis, the Belgian/Dutch banking and insurance group, and Ping An Insurance (Group) Company of China, Ltd. jointly announced that Ping An Life Insurance Company of China, Ltd.,a subsidiary of Ping An Group, had acquired...
Lloyd’s Reports on Chinese Market
Nov 13 2007 // Lloyd’s has released a research report on China’s rapidly developing insurance market, which it said “explores the key trends in the Chinese non-life insurance market and the opportunities they present...
