Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
SARS – 21st Century Epidemic’
May 19 2003 // Severe Acute Respiratory Syn-drome (SARS) has not, so far, threatened to be a repeat of the world’s last great pandemic—the “Spanish Flu” of 1918-19. Nor is it as lethal as malaria, which, according to...
World Struggles to Deal with Deadly SARS Virus
Apr 25 2003 // According to the World Health Organization more than 4000 cases of Severe Acute Respiratory Syndrome (SARS) have so far been reported, and more than 250 people have died from the infection. If anything those statistics are...
S&P’s Says SARS Could Damage Health of Emerging Asian Companies
Apr 15 2003 // Standard & Poor’s reports that a recent outbreak of a pneumonia-like illness known as Severe Acute Respiratory Syndrome (SARS) in greater China and southeast Asia is unlikely to have any immediate impact on its...
Japan’s Millea to Offer SARS Coverage
Apr 7 2003 // The two main operating companies of the Millea Group, Tokio Marine & Fire and Nichido Fire & Marine, announced that they would offer coverage to persons traveling outside of Japan against the risk of severe acute...
inreon Announces New Expansion in Asia
Apr 2 2003 // inreon, the online reinsurance platform founded by Munich Re and Swiss Re in 2000, announced a further expansion of its operations in Asia with both Korean Re and China International Re, two of the region’s leading...
Allianz Launches its first P/C Operation in China
Mar 26 2003 // Germany’s Allianz announced that it has received final approval from Chinese regulatory authorities to launch its first property and casualty insurance operation in China, to be called Allianz Insurance Company...
S&P’s Rates South China Insurance ‘BBB’; Outlook Stable
Mar 7 2003 // Standard & Poor’s has assigned its ‘BBB’ insurer financial strength and counterparty credit ratings to South China Insurance Co. Ltd. The outlook on the counterparty rating is stable. The ratings...
Genesis Technology Group Signs Agreement With Chinese Insurance Broker
Feb 5 2003 // Florida-based Genesis Technology Group, Inc. (GETC) has announced the signing of an agreement with Shanghai Dongda Insurance Brokers Company, Limited (Dongda) in Shanghai, China, that provides for GTEC to represent Dongda...
Aon Receives First Chinese Foreign Insurance Broker License
Jan 16 2003 // Chicago’s Aon Corp. announced that it has become the first foreign insurance broker to be granted a license for a joint venture partnership by the China Insurance Regulatory Commission (CIRC). The company received...
Chinese Regulators Ease Rules on Air-accident Insurance
Dec 31 2002 // According to a report from the China Securities Journal, Chinese insurance companies will be given greater leeway in setting premium rates and policy conditions for air-accident coverage beginning January 1. The China...
China to Allow Non-Life Companies to Sell Flight Insurance
Dec 23 2002 // China’s non-life insurers will be able to compete with the country’s life insurance industry to provide flight passenger insurance polices beginning January 1, 2003. A bulletin from the country’s official...
They Did It Their Way
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
S&P Upgrades Hong Kong’s CIRe Rating to ‘A-‘
Dec 10 2002 // Standard & Poor’s Ratings Services announced that it has revised its insurer financial strength and long-term counterparty credit ratings on Hong Kong-based China International Reinsurance Co. Ltd. (CIRe) to...
China Extends Airline Terrorism Coverage
Nov 26 2002 // The Chinese government announced on Monday that it was extending insurance coverage of war and terrorist risks for the country’s airlines for an additional month, until December 24, 2002. The coverage was first made...
China Party Congress May Ease Rules for Foreign Insurers
Nov 12 2002 // The Congress of the Chinese Communist Party, currently being held in Beijing, is expected to result in the retirement of many of the party’s present leaders, and the inauguration of a new generation, generally...
China Admits Three More Foreign Insurers
Nov 4 2002 // Chinese regulators have given the green light to three more foreign companies to set up operations in the country. Licenses have been approved for the U.S. Liberty Mutual, the U.K.’s Standard Life, and a company...
HSBC to Acquire 10% Stake in China’s Ping An Insurance
Oct 9 2002 // The Hong Kong and Shanghai Bank (HSBC) has agreed to take a 10 percent stake in Ping An Insurance, China’s second largest insurer for $600 million. U.S. investment banks Goldman Sachs and Morgan Stanley already have...
EU, China Plan to End Airline Insurance Next Month
Sep 24 2002 // The European Union plans to to end the emergency coverage it has granted to the community’s airline’s for terrorist liability by the end of October, while China’s government announced that it would extend...
CIGNA Receives Chinese Insurance License
Sep 18 2002 // CIGNA Corporation announced that it has received formal approval to enter the Chinese life insurance market from the China Insurance Regulatory Commission, the first new license issued to a foreign insurer by the Chinese...
Heavy Rains Raise Flood Fears in Southern China
Aug 20 2002 // Torrential rains, which have already been responsible for flash floods and landslides that have killed an estimated 250 people, are continuing in China’s heavily populated Hunan Province, raising threats of a...
