Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Shanghai Asian Insurance Brokers Registered as 1st Chinese Lloyd’s Broker
Dec 1 2015 // Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance,...
Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions
Nov 23 2015 // Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from its ever-growing...
ACE Makes Future Leadership Appointments for APAC Region
Nov 23 2015 // ACE Ltd. announced key leaders it intends to appoint for the Asia Pacific region of the new Chubb Group’s Overseas General Insurance division, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao,...
China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore
Nov 23 2015 // Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities...
Business Moves
Nov 16 2015 // Odyssey, Integro New York private equity firm Odyssey Investment Partners has completed its acquisition of specialty insurance brokerage Integro Ltd. Financial details of the transaction, first announced in August, were...
It’s 2026, There’s a Food Security Crisis- How Does World Respond?
Nov 12 2015 // The year is 2026. Flooding, worsened by climate change, has devastated Bangladesh and driven millions of hungry refugees to its border with India. Worried about unrest and disease, India asks other nations for help. The...
China Asked to Revise Draft Cyber Security Rules Affecting Insurance Industry
Nov 5 2015 // Foreign business lobbies have asked China to substantially revise proposed cyber security regulations for the insurance industry, signaling a dispute that started with the publication of similar bank technology rules...
2,000 Corn Farmers, Handlers, Exporters Sue Syngenta
Nov 4 2015 // About 2,000 farmers, grain handlers and corn exporters have filed lawsuits against Swiss biotechnology company Syngenta now that a federal judge has ruled their cases have merit to move forward. The lawsuits allege...
Alper Services, Jun Zhou Insurance Alliance Targets Chinese American Clients
Nov 4 2015 // Alper Services has formed a new alliance with Jun Zhou Insurance Agency, a Chicago-based agency specializing in risk management and financial services for high net worth Chinese American individuals and middle market...
Lloyd’s China, Tokio Marine Kiln & PICC Sign Intellectual Property Liability Deal
Oct 30 2015 // Lloyd’s China, Tokio Marine Kiln and People’s Insurance Company of China Property and Casualty Company (PICC P&C) signed a memorandum of understanding (MoU) to provide intellectual property infringement...
Validus Group Appoints Zhou as China Representative
Oct 28 2015 // Validus Holdings Ltd. has appointed Ellie Zhou as underwriting manager for Greater China to support the Validus Groups’ existing Chinese customers and expand the firm’s business in the region. China is one of...
Lloyd’s Signs MoU with China’s Taiping Insurance Group
Oct 21 2015 // Lloyd’s announced that it has signed a Memorandum of Understanding (MoU) with China Taiping Insurance Group, “marking a significant level of co-operation between the world’s only specialist insurance and...
Zhang to Head New Odyssey Re Representative Office in Beijing
Oct 20 2015 // Odyssey Re Holdings Corp. announced that it has received regulatory approval from the China Insurance Regulatory Commission (CIRC) to establish a representative office in China. The bulletin said, the “new office...
Why Australia’s IAG Decided to Halt China Expansion Plans
Oct 16 2015 // When Insurance Australia Group, the country’s largest general insurer, announced ambitious plans in June to ramp up its business in Mainland China, several institutional investors including Jason Kim were seriously...
Insurance Australia Scraps Plans for Further China Investment
Oct 15 2015 // Insurance Australia Group Ltd. scrapped plans for further investment in China and will instead seek growth in other Asian markets, in a sign that Australia’s hopes of boosting services exports to the world’s...
PartnerRe Estimates China’s Tianjin Explosions to Cost Between $50m and $70M
Oct 14 2015 // PartnerRe Ltd. estimates that losses from the August explosion in China’s Port of Tianjin will be between $50 million and $70 million pre-tax and net of retrocession and reinstatement premiums. These losses will be...
Chinese Insurers Seek Strategic Tie-Ups, M&As to Tap Western Expertise
Oct 13 2015 // Chinese insurers are pursuing strategic tie-ups and outright mergers and acquisitions to tap Western expertise. They are keen for knowledge on products, pricing and technology as a nascent Chinese market for health and...
Global Property Insurance Premiums Top $360 Billion: Finaccord Survey
Oct 12 2015 // As of the end of 2014 the worldwide property insurance market was worth $360.5 billion in gross written premiums with household (homeowners’) policies making up 54 percent of this total, according to a survey...
China Re Will Sell Almost Half of $2B IPO to Cornerstone Investors
Oct 12 2015 // China Reinsurance (Group) Corp., the nation’s biggest reinsurer, will sell about half of its as much as $2 billion Hong Kong initial public offering to cornerstone investors. U.S.-based Prudential Financial Inc.,...
Typhoon Mujigae Hits So. China; Strongest Cyclone to Hit Region: AIR Worldwide
Oct 9 2015 // Typhoon Mujigae – also called Kabayan – made landfall in China’s Guangdong Province on October 4 with reported wind speeds up to 135 miles per hour (217 kilometers per hour) in some locations. Mujigae quickly...
