Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Why Robots Replacing Humans at Work Is More Science Fiction Than Fact
Feb 19 2016 // Ever since robots emerged from the pages of science-fiction novels into the real world, humans have feared being usurped in the workplace. That worry may be more fictional than scientific. A recent study by the VDMA...
A.M. Best Downgrades Ratings of China’s Hyundai Insurance After Tianjin Blast
Feb 18 2016 // A.M. Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb” from “a-” of Hyundai Insurance (China) Co. Ltd., or HIC. Following...
China’s Fosun Scraps Plan to Buy Israel’s Phoenix, Vowing More Prudent Strategy
Feb 17 2016 // Chinese conglomerate Fosun International Ltd.’s deal to acquire Israeli insurer Phoenix Holdings Ltd. for more than $460 million has unraveled, the firm’s second withdrawn overseas purchase in the past two...
January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting
Feb 10 2016 // January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which evaluates the impact of...
Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia
Feb 5 2016 // China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers...
Liberty Specialty Markets Enters Chinese Market via Lloyd’s China Platform
Jan 28 2016 // London-based Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance Group, has joined the Lloyd’s China platform. LSM’s Underwriting Division of Lloyd’s Insurance Company (China) Ltd....
China’s Insurers Received Premium Income of $365 Billion in 2015
Jan 25 2016 // The premium income received by China’s insurance firms hit 2.4 trillion yuan ($364.85 billion) in 2015, the industry regulator said on Monday. This means insurance premium income rose 20 percent last year from 2014,...
Gene Creating Antibiotic-Resistant Superbug Detected in at Least 19 Countries
Jan 25 2016 // Just two months ago, researchers in China identified a gene that can make bacteria resistant to a last-resort antibiotic called colistin. It was a bombshell discovery for people who follow superbugs. Now that gene has been...
China’s Insurance Marketplace Explained in California Symposium
Jan 25 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
Ironshore International Opens Office in Shanghai; Part of Lloyd’s China Platform
Jan 14 2016 // Ironshore International announced its subsidiary, Pembroke Managing Agency, will establish an office in Shanghai in January 2016 as part of the Lloyd’s China platform. Pembroke Managing Agency will underwrite...
China’s Insurance Marketplace Explained in California Symposium
Jan 13 2016 // Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of...
China’s Cabinet to Take Greater Role in Financial Markets Oversight: Source
Jan 11 2016 // China’s cabinet is set to take on a bigger role in overseeing financial markets, as perceived missteps by existing regulators fuel concerns globally that Beijing may lose its grip on economic policy with growth at...
Costly Tianjin Blasts Have No Effect on Marine Reinsurance Prices: Carpenter
Jan 8 2016 // Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China’s Tianjin port last August, reinsurance broker Guy Carpenter said on...
Chinese Insurers Form Fund to Finance Overseas Energy, Infrastructure Projects
Jan 5 2016 // More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas,...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
World’s Top 10 Insurers Ranked by Premium, Assets
Jan 4 2016 // The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its...
China Anti-Terrorism Law Raises Implementation Concerns: European Chamber
Dec 31 2015 // The vague wording of China’s new counter-terrorism law raises concerns about how telecommunications carriers and network service providers will be expected to implement the regulations in practice, the European...
Chinese Insurance Investment Rule Changes Send Stocks Lower
Dec 24 2015 // China’s stock market posted its biggest one-day fall in two weeks on Thursday, as investor interest in blue chips suddenly cooled after regulators tightened rules for insurers investing in listed firms. The blue-chip...
Rescuers in Southern China Race to Find Landslide Survivors
Dec 22 2015 // Almost 3,000 rescuers have been dispatched to the southern Chinese city of Shenzhen to search for any survivors of the landslide on Sunday that’s left dozens missing at a local industrial park. One body was retrieved...
Chinese Drones Perform Well in Analyzing Tianjin Damage Estimates
Dec 18 2015 // When an explosion devastated parts of China’s Tianjin port in August, one insurance company turned to Chinese-made drones to help analyze the rubble and estimate the damages. Comparing satellite photographs of the...
