Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Validus Estimates Losses of $64 Million from China Port Explosion & Chile Quake
Oct 7 2015 // Validus Holdings Ltd. estimates it lost just under $64 million from the Port of Tianjin explosion and recent earthquake in Chile, a number that matches its Q2 net income. Breaking down this figure, the Bermuda-based...
Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
Oct 5 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
AIR Analyzes Taiwan, China Damages, Losses from Typhoon Dujuan
Sep 30 2015 // Catastrophe modeling firm AIR Worldwide reports that Typhoon Dujuan made landfall on northeast coast of Taiwan with high winds and heavy rain near Nan’ao Township in Yilan County, late afternoon on Monday, September...
Tianjin Port Blast Chemical Contamination Likely to Boost Re/Insurers’ Losses
Sep 30 2015 // Contamination from chemicals is likely to increase the cost to insurers of last month’s blasts in the Chinese port of Tianjin, costs which are already expected to exceed $3 billion, insurance specialists say. While...
Effect of U.S., China Cyber Pledge Unclear
Sep 28 2015 // The U.S. and China announced agreement on broad anti-hacking principles aimed at stopping the theft of corporate trade secrets though President Barack Obama pointedly said he has not ruled out invoking sanctions for...
Dujuan Strengthens; Threatens Ryukyu’s, Japan,Taiwan, China: AccuWeather
Sep 25 2015 // AccuWeather has reported that Tropical Storm Dujuan is on track to strengthen into a powerful typhoon with Japan’s Ryukyu Islands in its path and mainland Japan, Taiwan and eastern China on alert for potential...
China’s President Xi Pledges ‘New Model’ of ‘Mutual Respect’ with U.S. Amid Tensions
Sep 23 2015 // Chinese President Xi Jinping opened his U.S. visit by seeking to ease concerns on almost every dispute between the two powers, even expressing readiness to cut a deal on one of the thorniest issues, cybersecurity. In a...
Markel International Appoints Hu to Head China Business
Sep 23 2015 // Markel International, the specialist insurer, has appointed Hu Qianhai to head its business in the People’s Republic of China, based in Shanghai. Markel has had a presence in China since 2011, when it opened a...
Fitch’s Rendez-Vous Roundup: 4 Hot Topics Affecting Reinsurance Industry
Sep 21 2015 // Fitch published a list of key takeaways from last week’s reinsurance Rendez-Vous in Monte Carlo, where some of the major trends affecting the industry were discussed: mergers & acquisitions, alternative capital,...
U.S. Chinese Drywall Victims Face China’s Legal Wall of Immunity
Sep 21 2015 // More than a year after suing the Cabinet agency that oversees China’s biggest state-owned companies, lawyers for people who say their homes were ruined by drywall made in China are still trying to get the lawsuit...
Intellectual Property News: KitKat, Williams Sonoma, Whole Foods, Skechers, Segway, GoDaddy, Apple
Sep 18 2015 // This wrap-up of recent intellectual property cases covers chocolate bar shapes, cookware designs, sneaker similarities, Korean TV copyright device, Quizno’s commercials, personal transporter technology, Oscar award...
U.S. Weighing Sanctions Against China for Hacking
Sep 18 2015 // A little more than a week before China’s leader arrives at the White House, President Barack Obama escalated the fight over cyberspace, saying the U.S. is readying measures to forcefully demonstrate that economic...
China’s Fosun in Advanced Talks to Buy RSA’s Middle East Unit: Sources
Sep 18 2015 // Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc’s Middle East business, people familiar with the matter...
China Re Wins Hong Kong Stock Exchange Approval for $2 Billion IPO
Sep 18 2015 // China Reinsurance Group Corp., the nation’s biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based company plans to...
Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
Sep 15 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Alibaba’s Finance Arm Plans $188 Million Investment in Cathay Insurance
Sep 15 2015 // Alibaba Group Holding Ltd.’s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial Holding Co. Zhejiang...
Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks
Sep 14 2015 // Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks and fashion companies...
China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
Sep 11 2015 // Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its...
U.S. Chinese Drywall Victims Face China’s Legal Wall of Immunity
Sep 9 2015 // More than a year after suing the Cabinet agency that oversees China’s biggest state-owned companies, lawyers for people who say their homes were ruined by drywall made in China are still trying to get the lawsuit...
U.S. Eyes China, Russia Sanctions Over Cyber Attacks
Sep 1 2015 // The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. The officials, who spoke on...
