Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Neb. Sued Over Alleged Illegal Overtime Directive
Sep 12 2008 // A former employee in the Nebraska treasurer’s office has filed a lawsuit against the state alleging he was directed to illegally create a computer program to prohibit employees from filing for overtime. Robert...
Gao to Head Lloyd’s China Re Office
Sep 9 2008 // Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd. He “will focus on...
Lockton Granted China License
Sep 8 2008 // The China Insurance Regulatory Commission (CIRC) has granted Lockton a Wholly-Owned Foreign Enterprise (WOFE) insurance broking license to operate in the country. Lockton said the new license underscores its “plans...
Lloyd’s in the 21st Century
Sep 1 2008 // The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of...
Feds Charge 11 in Biggest-Ever Identity Theft Case
Sep 1 2008 // Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people,...
AIG Buys 18% Stake in China’s MicroCred Nanchong
Aug 28 2008 // American International Group has acquired 18 percent of MicroCred Nanchong, China (MNC). The deal also gives AIG the exclusive right to sell micro insurance to MNC clients for two years. “MNC is the first wholly...
AIR Analyzes TS Nuri
Aug 25 2008 // According to catastrophe risk modeling firm AIR Worldwide, Typhoon Nuri had weakened into a tropical storms when it came ashore over Hong Kong with maximum sustained winds of near 90 km/h (55 mph). AIR indicated Nuri had...
Chinese Hurdler Liu Xiang Will Forgo Insurance Claim
Aug 21 2008 // Chinese hurdler Liu Xiang will not make a claim against a 100 million yuan ($14.5 million) insurance policy after an injury forced him to pull out of the Olympics, a team official said Wednesday. Ping An Insurance Co....
Ratings Roundup: SALAMA, MBIA/Ambac (Chile), Misr, SJ China, Starbound, Great American
Aug 18 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SALAMA Islamic Arab Insurance Company (P.S.C.), which is based in the...
Feds Charge 11 in Biggest-Ever Identity Theft Case
Aug 7 2008 // Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people,...
CNinsure Affiliates Receive High Rankings
Aug 1 2008 // China’s independent insurance agency and brokerage group CNinsure Inc. announced that “twelve of its affiliated insurance intermediary companies, including eight insurance agencies, one insurance brokerage and...
French Agriculture Minister: China, India Thwarted WTO Negotiations
Jul 31 2008 // France’s agriculture minister said Wednesday that “big emerging countries” were to blame for the collapse of World Trade Organization talks on opening up the global economy. The president of a leading...
AIR Estimates Taiwan Typhoon Insured Losses under $100 Million
Jul 30 2008 // Catastrophe risk modeling firm AIR Worldwide has issued a bulletin indicating that insured losses in Taiwan from Typhoon Fung-Wong are unlikely to exceed $100 Million. Dr. Peter Sousounis, senior research scientist at AIR...
Chubb: Patience and Promise in China
Jul 29 2008 // In the 20 years that Chubb Insurance has taken global branding seriously, China has presented the most interesting challenge. For Jan Tomlinson, establishing Chubb in China has been a test of patience and politics but with...
World Trade Talks Stall as Troubles Grow
Jul 29 2008 // Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better...
Developing Countries Split over WTO Farm Protection
Jul 28 2008 // The world’s poorer countries are divided over proposals for a new global trade deal, with developing country food importers pitted against exporters pushing for greater liberalization. The differences turn on two...
China’s CNinsure Expands into Jiangxi Province
Jul 18 2008 // CNinsure Inc. (NASDAQ:CISG), an independent insurance agency and brokerage company operating in China, announced the signing of a set of definitive agreements with several individual entrepreneurial agents to jointly...
China Approves Beijing Branch for AIG General Insurance
Jul 8 2008 // American International Group, Inc. reported that its wholly owned subsidiary, AIG General Insurance Company China Limited, headquartered in Shanghai, Peoples Republic of China, has been granted approval by the China...
Chinese Fund Manager Pays $2.1 Million for Buffett Lunch; Tip Included
Jun 30 2008 // A Chinese fund manager has won a lunch with famed U.S. investor Warren Buffett after bidding $2.11 million for the opportunity in a charity auction, more than three times what the lunch fetched last year. Zhao Danyang, who...
China-U.S. Release Results of Strategic Economic Talks
Jun 19 2008 // The United States and China wrapped up two days of talks on Wednesday under a so-called “strategic economic dialogue” set up two years ago to ease tensions over trade and economic issues. They reported the...
