Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China to Allow Foreign Investors to Use Yuan in Financial Sectors
Oct 11 2013 // China’s central bank will allow foreign businesses to invest in domestic financial firms using offshore yuan funding, it said on Thursday, as part of efforts to broaden the usage of the currency in cross-border...
Best Affirms China Re and Subs Ratings; Outlook Stable
Oct 11 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of China Reinsurance (Group) Corporation and its subsidiaries, China Property &...
Virginia Families in Chinese Drywall Case Forging Ahead
Oct 9 2013 // Seven Virginia families fighting for compensation over Chinese drywall that wrecked their homes have their eyes on Louisiana this week, where a federal appeals court will hear arguments over whether the manufacturer of the...
September Economic Loss from Nat Cats $15 Billion: Aon Benfield Report
Oct 9 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released its latest monthly Global Catastrophe Recap report for September, which tallied the economic costs for the month at...
Yu Joins Cooper Gay Asia to Develop Treaty Business in Hong Kong & China
Oct 8 2013 // Cooper Gay Asia Pte Ltd, the Asian arm of the global reinsurance and wholesale broker Cooper Gay Swett and Crawford (CGSC), announced the appointment of Julian Yu as Deputy Head of Treaty, Hong Kong, effective October...
Moody’s: China’s P/C Insurers to Benefit from Shanghai Free Trade Zone
Oct 7 2013 // The new Shanghai free trade zone should benefit property/casualty insurers, particularly those in marine/cargo and liability insurance, according to Moody’s Credit Outlook. On Sept. 29, the date that Shanghai’s...
China Evacuates 400,000 People Ahead of Typhoon
Oct 7 2013 // Hundreds of thousands of people in southeast China were evacuated and fishing vessels called back to shore on Sunday because of an approaching typhoon, authorities said. Typhoon Fitow was expected to make landfall early...
Taiwan Insurers Have $10 Billion to Invest in Foreign Property
Oct 7 2013 // Taiwan insurers have the financial capacity to invest at least $10 billion in overseas properties after the island’s government relaxed rules in April on real estate investments abroad, according to an industry...
Lloyd’s CEO Richard Ward Reflects on ‘Nearly 8’ Eventful Years
Oct 6 2013 // Lloyd’s CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two costliest years in the industry’s history, as well as the financial crisis, he...
Industry Pioneer Catlin on Insurance and Environmental Concerns
Sep 27 2013 // Stephen J.O. Catlin has led the company/group that bears his name since 1984. He’s seen it grow into the biggest syndicate at Lloyd’s with gross premiums written of $5.5 billion. He was the first to move the...
Typhoon Usagi Weakens before Hitting China Coast: AIR Worldwide
Sep 23 2013 // According to catastrophe modeling firm AIR Worldwide, Severe Typhoon Usagi, the 19th named storm to form in the Northwest Pacific this year, “made landfall near the city of Shanwei (150 kilometers [94 miles]...
Typhoon Usagi Heads Toward Taiwan and China: AIR Worldwide
Sep 20 2013 // AIR Worldwide’s latest report on Typhoon Usagi describes a “Category 3 storm with maximum sustained winds of 204 km/h [127.5 mph].” It is “expected to strengthen over the coming days and could...
EU Ready for Talks with China on Possible Free Trade Pact
Sep 19 2013 // European Union countries will agree next month to talks with China on a pact making it easier to do business, possibly paving the way for a free-trade deal between two of the world’s biggest markets, EU officials...
Ratings Recap: Emirates, BMO Re, United, Oman Insurance, China Taiping (NZ)
Sep 18 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of United Arab Emirates-based Emirates Insurance Company...
Hacker Group in China Linked to Cyberattacks Against U.S. Firms: Symantec
Sep 17 2013 // Computer security experts have discovered a group of highly sophisticated computer hackers operating for hire, a U.S computer security firm said on Tuesday, and it linked the group to some of the best-known cyber-espionoge...
Alternative Capital Dominates Discussions at Reinsurance Rendez-vous
Sep 11 2013 // The 57th Reinsurance Rendez-vous is winding down, and, while it’s been another successful networking opportunity for the re/insurance industry’s movers and shakers, most of the discussions have ended on a note...
People – Southeast
Sep 9 2013 // Aon Risk Solutions, the global risk management business of Aon, recently announced the addition of Christopher Cote as senior vice president in the Charlotte, N.C., office. In his new role, Cote will be responsible for...
August’s Natural Disasters Caused $10B in Economic Damage: Aon Benfield
Sep 6 2013 // August saw billion-dollar flood losses in China, Russia, Philippines and Pakistan, bringing an initial combined estimate of $10 billion in economic losses, Aon Benfield said in a report on natural disaster...
Ping An Insurance Profit Rises on Investments, Banking Income
Aug 29 2013 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 28.3 percent as investment income expanded and earnings from banking operations grew. Net income climbed to 17.91 billion...
China’s PICC Group’s Profit Rises as Premiums, Investment Income Climb
Aug 26 2013 // People’s Insurance Company (Group) of China Ltd., parent of the nation’s biggest non-life insurer, said profit rose 53 percent in the first half as investment and premiums income expanded. Net income increased...
