Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Typhoon Aere Hits Taipei; South China on High Alert
Aug 25 2004 // Even as Typhoon Aere continued to ravage Northern Taiwan and the capital Taipei with 84 mph (140km/h) winds and heavy rains, authorities on the Chinese mainland were preparing for the storm’s arrival. Aere has...
CIRC to Allow China’s Insurers to Invest Foreign Currency Holdings Offshore
Aug 20 2004 // In a widely anticipated move, the China Insurance Regulatory Commission (CIRC) has reportedly announced plans to loosen the country’s tight currency controls by allowing domestic (as well as foreign) insurers to...
Chinese Regulator Approves Willis Joint Venture
Aug 18 2004 // Global insurance broker Willis Group Holdings has received final approval and certification from the China Insurance Regulatory Commission (CIRC), for its joint venture operation, Willis Pudong Insurance Brokers Co., Ltd.,...
China Wakes Up as the World Watches
Jul 19 2004 // This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she...
China Planning Earthquake Coverage Program
Jul 14 2004 // China wants to build an insurance system in two to three years to protect against natural catastrophes, which officials estimate cause some $17 million in losses every day. China Daily reported that the Insurance...
Chinese Insurers’ Assets Top $126B
Jun 28 2004 // China’s official Xinhua news Agency announced that the gross assets owned by the country’s insurance sector reached a record high of 1.0359 trillion yuan ($126.3 billion) by the end of May. Premiums totaled...
Report CIRC to Allow Insurers to Invest in Stocks
Jun 23 2004 // According to news reports the China Insurance Regulatory Commission (CIRC) will soon permit the country’s insurers – foreign and domestic – to make direct investments in China’s stock market. The...
Castek Notes Deal with Global Info Tech to Provide Services for Insure3 Suite of Products in China
Jun 9 2004 // Castek Inc. announced a business partnership with Global InfoTech Co. Ltd. to provide localization and implementation services for the Insure3 Suite of P/C insurance business applications in China. “Castek is...
Castek Announces Agreement with Global InfoTech
Jun 8 2004 // Castek Announces Agreement with Global InfoTech to provide resale and implementation services for the Insure3 suite of products in The People’s Republic of China. Castek Inc. is pleased to announce a business...
General Re Receives License for China
Jun 2 2004 // General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced that it has been issued a license to operate as a composite reinsurance company in China on a nationwide basis. Gen Re’s branch will be...
U.S. Investment Slowing in Europe Says RiskProNet Conference Speaker
May 19 2004 // Net U.S. investment in Europe has slowed considerably in the past decade, J. Bradford DeLong, professor of economics at the University of California at Berkeley, told directors of RiskProNet International Inc., at recent...
Zurich Signs Agreement with China’s Sinosure
Apr 21 2004 // Zurich’s Emerging Markets Solutions group, the company’s political risk and trade credit insurance unit, announced that it has signed a memorandum of understanding with the China Export & Credit Insurance...
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...
