Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
SCOR Applies for Reinsurance License in China
Apr 15 2004 // SCOR Group Chairman Denis Kessler announced in Beijing that the Group has submitted an application to the China Insurance Regulatory Commission (CIRC) for a reinsurance license to reinforce and develop its non-life...
Chinese-Speaking Workers Less Concerned Than Peers about Financial Security, Study Shows
Apr 12 2004 // Findings from MetLife’s 2003 Employee Benefits Trend Study reveal that Chinese-speaking workers are significantly less concerned than the general employee population about financial security, ranging from issues such...
Willis to Buy 50% of Leading Chinese Broker
Apr 9 2004 // Global brokerage Willis Group Holdings announced that it has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50 percent equity stake in Shanghai Pudong Insurance Brokers Ltd.,...
Allianz Foresees Growth in Chinese Market
Apr 1 2004 // Michael Diekmann, Chairman and CEO of the Allianz Group, has expressed his confidence in the company’s prospects in the Chinese market. On his first visit to the country since taking over Allianz, Diekmann and Werner...
MetLife Receives Approval for China Joint Venture
Mar 26 2004 // Chinese regulators have approved plans for a joint venture between U.S. life insurer MetLife Inc. and the owner of the Beijing International Airport, MetLife said Thursday. The U.S. company has a 50 percent stake in the...
GAB Robins Receives China Operating License
Mar 25 2004 // New Jersey-based GAB Robins Group of Companies, one of the world’s leading claims services firms, announced that the China Insurance Regulatory Commission (CIRC) has awarded the company a license to operate in...
AIG Reports Record 2003 Net Income of $9.27 Billion
Feb 12 2004 // American International Group, Inc. (AIG) reported that its net income for the full year 2003 increased 68.0 percent to a record $9.27 billion, compared to $5.52 billion in 2002. Net income excluding realized capital gains...
China’s Ping An Plans $2 Billion IPO
Jan 6 2004 // The Ping An Insurance, one of China’s largest insurers, announced plans to raise approximately U.S. $2 billion in an initial public offering on the Hong Kong stock exchange. Ping An, a financial holding company which...
Swiss Re Officially Opens Beijing Office
Dec 23 2003 // Swiss Re CEO John Coomber has officially opened the company’s China branch office in Beijing. The company will offer reinsurance services in both Life & Health and P/C to China’s rapidly growing insurance...
AIG Names Kevin Hogan Sr. Exec Responsible for PICC Relations
Dec 16 2003 // American International Group, Inc. announced the appointment of Kevin Hogan as the senior AIG executive responsible for the recently established cooperative business relationship with PICC Property and Casualty Company...
Liberty Mutual to Open China Office
Nov 24 2003 // Liberty Mutual will open an office in the southwestern city of Chonquing in December, marking the company’s entry into the Chinese P/C market. Liberty had received the go ahead from the China Insurance Regulatory...
Gen Re Invited to Apply for Reinsurance License in China; CEO Receives Marco Polo Award
Nov 18 2003 // General Re, a subsidiary of Berkshire Hathaway Inc., announced that the China Insurance Regulatory Commission (CIRC) has invited the company to apply for a national reinsurance license to conduct both life and...
China’s PICC IPO Raises $693 Million; HSBC Seeks China License
Oct 31 2003 // AIG isn’t the only company that’s seeking to strengthen its already historic roots in China. HSBC Holdings Plc. (once known simply as the Hong Kong and Shanghai Bank) announced that it is on the point of...
AIG to Buy 9.9% Stake in Chinese P/C Insurer
Oct 10 2003 // American International Group plans to further expand its already extensive activities in China by Buying a 9.9 percent stake in PICC Property & Casualty Co., the country’s largest general insurer with a 70...
Lloyd’s Of London Seeks Approval for Reinsurance License in China
Jul 23 2003 // Lloyd’s of London chairman Lord Levene will file a submission soon seeking approval to establish an on-shore reinsurance branch in China. Having an on-shore presence would allow Lloyd’s to reinsure local...
IIS Conference Hears Views of Industry Leaders
Jul 17 2003 // The International Insurance Society’s 39th Annual Seminar, held at New York’s Waldorf Astoria Hotel, concluded yesterday with a gala dinner at the United Nations. Attendees heard CEO’s and top managers...
Munich Re Awarded First Nationwide License in China
Jul 10 2003 // Munich Re has become the first international reinsurer to receive a country-wide composite reinsurance operating license in the People’s Republic of China from the Chinese Insurance Regulatory Committee (CIRC). The...
Insurance Hall of Fame to Induct AIG’s Edmund Tse, Grupo Nacional’s Clemente Cabello
Jul 8 2003 // Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the...
Winterthur, Two Others Receive Chinese Regulatory Approvals
Jun 30 2003 // Winterthur, the Insurance division of Credit Suisse, Tianan Insurance and the Shenzhen branch of Hong Kong’s Ming An Insurance Co. have reportedly been granted permission by Chinese regulatory authorities to offer...
China Opens Two New Areas to Foreign Insurers
Jun 17 2003 // The China Insurance Regulatory Commission announced that it has opened up the insurance markets in the southwestern cities of Chongqing and Chengdu. Under the terms of its accession to the World Trade Organization China...
