Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Typhoon Soudelor Kills at Least 9 in China After Lashing Taiwan, Killing 5
Aug 10 2015 // At least nine people were killed in China’s eastern Zhejiang province as the remnants of Typhoon Soudelor dumped the heaviest rainfall in a century on the mainland after killing five in Taiwan. About 645 millimeters...
UPDATE: Typhoon Soudelor Nears Taiwan; China Next: AccuWeather Report
Aug 7 2015 // AccuWeather has reported that “powerful Typhoon Soudelor will bring both flooding rainfall and damaging winds to Taiwan as the storm remains on a collision course with the island.” The report noted that...
Malaysia Says Maintenance Records Prove Wing Part Is from Flight MH370
Aug 6 2015 // Malaysia said on Thursday that paint color and maintenance-record matches prove that a piece of wing found on the shore of the French Island of Reunion in the Indian Ocean was part of the wreckage of Malaysian Airlines...
Super Typhoon Soudelor Threatens China & Taiwan: AccuWeather Report
Aug 5 2015 // AccuWeather has reported that Typhoon Soudelor “rapidly intensified on Monday, becoming a super typhoon and reaching the equivalent of a Category 5 hurricane in the Atlantic or Eastern Pacific...
TigerRisk Enters China Market with Opening of Hong Kong Office
Aug 3 2015 // TigerRisk Partners LLC announced its first presence in Asia with the opening of the Hong Kong office of its subsidiary TigerRisk China Partners. TigerRisk China Partners is a member of the Hong Kong Confederation of...
China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B
Jul 27 2015 // White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of...
Qin Lu to Head Aon Benfield, Aon Risk Solutions in China
Jul 24 2015 // Aon announced that Qin Lu has joined the group as CEO, Aon Benfield Greater China and CEO, Aon Risk Solutions, China, to take effect later this year. The bulletin said the new appointment would “help to align...
AIA New Business Value Advances 21% in First Half on China
Jul 24 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a 21 percent increase in new business value as China became its second-largest market for the first time by that measure. The gauge of projected...
Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion
Jul 17 2015 // Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest conglomerate, to...
AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million
Jul 16 2015 // According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2 billion [$354.3 million]. “Typhoon Chan-hom made landfall in the coastal city of...
A.M. Best: Volatility of China Stock Market Not Expected to Hit Insurer Ratings
Jul 14 2015 // The recent volatility of China’s stock market is not expected to affect the ratings of domestic insurers, according to a new briefing issued by A.M. Best*. Putting the volatility into context, A.M. Best noted that...
Typhoon Chan-hom Loses Strength as It Moves Toward Korean Peninsula
Jul 13 2015 // Typhoon Chan-hom, which caused the evacuation of about a million people and the cancellation of hundreds of air flights in eastern China on Saturday, weakened as it moved northeast along the East China ocean toward the...
China’s Draft Cyber Security Law Worries Multinationals, Internet Providers
Jul 9 2015 // China’s parliament has published a draft cyber security law that consolidates Beijing’s control over data, with potentially significant consequences for internet service providers and multinational firms doing...
Typhoon Chan-hom Tracks toward SE China, May Graze Taiwan: AIR Report
Jul 9 2015 // According to catastrophe modeling firm AIR Worldwide, Typhoon Chan-hom is “steadily intensifying as it passes over warmer-than-average ocean water.” The storm also remains on track to make land fall on Saturday...
Aon Benfield’s June Cat Report Highlights China Rains, Floods, U.S. Storms
Jul 9 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that...
China Seeking “Win-Win” Climate Plan; Poised for Pledge
Jun 29 2015 // China is seeking a fair, global system to tackle climate change and is about to make a joint announcement on the environment, Chinese Premier Li Keqiang said before a summit in Brussels with top European Union officials on...
Beazley Introduces Fraudulent Instruction Insurance
Jun 25 2015 // Beazley has introduced fraudulent instruction insurance, a new coverage to address losses from the transfer of funds as a result of fraudulent instructions from a person purporting to be a vendor, client or authorized...
Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re
Jun 24 2015 // The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest...
China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek
Jun 22 2015 // Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding...
Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley
Jun 19 2015 // Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The...
