Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China State-Owned Firm Managers Held Personally Liable for Bad M&A Deals
Sep 29 2016 // Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable – for life. Under new rules unveiled by China’s State Council,...
Typhoon Megi Hits Taiwan, Bringing 20 Foot Waves, Power Cuts; RMS Comments
Sep 27 2016 // Typhoon Megi lashed Taiwan with wind and rain on Tuesday, bringing 20-foot-high waves and knocking pedestrians off their feet in Taipei. More than 280,000 households lost electricity, state-owned utility Taiwan Power said...
Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun
Sep 26 2016 // Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee...
12 Extreme Weather Events of the Summer of 2016
Sep 23 2016 // The summer of 2016 has lurched from one extreme weather disaster to another at great cost in lives and damages. Here are just some of the worst and weirdest, according to insurance statistics and meteorologists: Flooding...
Typhoon Meranti Hits China; 6 Reported Dead, More Missing
Sep 16 2016 // At least six people died and six are missing as Typhoon Meranti, the strongest storm in the world this year, passed through China. The storm, which earlier killed one person and injured several in Taiwan, claimed three...
Super Typhoon Meranti Batters Taiwan: Risk Modelers AIR, RMS Assess Impact
Sep 15 2016 // Super Typhoon Meranti delivered very strong wind, high storm surge, and flooding precipitation to southern Taiwan as it passed through Luzon Strait near noon local time Wednesday. According to catastrophe modeling firm AIR...
Tesla Faces Lawsuit Over Crash in China
Sep 15 2016 // Tesla Motors Inc. said it has no way of knowing whether its Autopilot system was involved in a crash in China that killed the driver because the car was too damaged to transmit data. A court in Beijing’s Chaoyang...
China’s Fujian Province Braces for Super Typhoon Meranti
Sep 12 2016 // Already equivalent to a Category 4 hurricane with maximum 10-minute sustained winds of 115 knots (212 km/h, 132 mph), super typhoon Meranti is expected to strengthen during the next few days and then make landfall on the...
China Opens Link for Insurers to Invest in Hong Kong Stocks
Sep 9 2016 // China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed to buy the city’s shares through an exchange trading link with Shanghai, the China Insurance Regulatory...
Chinese Firms Enter Private Health Insurance Market for Growth Opportunities
Sep 8 2016 // Gaming firms, real-estate companies and drugmakers in China are chasing what they hope will be the country’s next hot commodity: private health insurance. At least 29 publicly traded Chinese companies have announced...
China’s Anbang Turns Attention to Digesting $13.5B of Overseas Deals
Sep 7 2016 // Anbang Insurance Group Co., known for its aborted attempt to buy Starwood Hotels & Resorts Worldwide Inc. in March, is turning its attention from chasing deals to digesting $13.5 billion of overseas acquisitions...
AIG Reported to Be Selling Its Last Shares in China’s PICC Insurer
Sep 5 2016 // American International Group (AIG) is seeking to raise about $190 million by selling its remaining shares in China’s PICC Property and Casualty Co Ltd, according to a term sheet of the deal seen by IFR on...
Fosun Plans IPO of Healthcare Assets
Aug 31 2016 // Fosun International Ltd., the flagship of the Chinese conglomerate that owns Club Mediterranee SA, signaled the company will announce information related to initial public offerings of its healthcare assets before the end...
Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch
Aug 30 2016 // Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk management strategies and appetite, according to a report published by Fitch...
Anbang’s Hong Kong IPO Should Lift Veil on Chinese Group’s Low Profile Backers
Aug 26 2016 // For investors and bankers wanting to know more about who’s behind Anbang Insurance Group, China’s second-largest life insurer, plans for a Hong Kong IPO next year should provide some answers. Anbang’s...
China’s Anbang Insurance Readies for 2017 IPO: Sources
Aug 23 2016 // Anbang Insurance Group Co., the Chinese owner of New York’s Waldorf Astoria hotel, has asked banks to pitch for role on a planned Hong Kong initial public offering next year, according to people with knowledge of the...
Judge Nixes $100M Driver Settlement But Uber May Win in End
Aug 19 2016 // Uber Technologies Inc. may come out ahead by failing to win court approval of a $100 million settlement with drivers. A San Francisco federal judge rejected the agreement on Thursday, a turn of events that would typically...
China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK
Aug 18 2016 // Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European...
China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income
Aug 17 2016 // Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit...
Liberty Mutual & China’s Sanpower Group Form P/C Joint Venture
Aug 16 2016 // Liberty Mutual Insurance and Sanpower Group Co. Ltd., one of China’s leading private enterprises, announced they have agreed to create a joint venture from Liberty Mutual’s current Chinese property/casualty...
