Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Zurich’s Hogan Rejoining AIG As CEO of Global Consumer Insurance
Aug 14 2013 // American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG in early October. Hogan...
Tropical Cyclone Utor Slams Philippines, Heads towards China: AIR Worldwide
Aug 13 2013 // Catastrophe modeling firm AIR Worldwide reports that “Typhoon Utor slammed into the northern Philippine island of Luzon on Monday, August 12, at around 3:00 pm local time (7:00 UTC) with 10-minute sustained winds of...
Liberty Mutual’s Shandong Branch Ready to Open for Business
Aug 9 2013 // Liberty Mutual Insurance Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), was granted final approval on June 27th to commence business in Shandong by the China Insurance Regulatory...
Aon Benfield’s July Cat Report Confirms Canada’s 2nd Billion Dollar Loss
Aug 8 2013 // According to the latest Global Catastrophe Recap report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, the “strong thunderstorms” that “brought record...
Munich Re Licenses AIR’s Updated Crop Insurance Models for U.S., China
Aug 8 2013 // AIR Worldwide reported that it has updated its Multiple Peril Crop Insurance (MPCI) Models for the United States and China. “These are weather-based models that estimate underwriting gains and losses based on crop...
Corporate ‘Sleuths’ on Edge after China Detains Foreign Consultants
Aug 1 2013 // The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on other risk consultants...
AIR Worldwide Analyzes Landslides, Building Damage from China Quake
Jul 23 2013 // Catastrophe modeling firm AIR Worldwide has released its analysis of the damages suffered by rural communities in northwest China’s Gansu province from the “devastating earthquake on July 21 at 23:45:56 UTC...
Earthquake in China’s Gansu Province Kills 56, Injures 392, Xinhua Says
Jul 22 2013 // An earthquake in the northwestern Chinese province of Gansu killed at least 56 people and injured 392, the official Xinhua News Agency reported. The 6.6-magnitude quake struck at 7:45 a.m. local time in the city of Dingxi,...
Best Revises Lloyd’s, China Sub, Society, Syndicates Ratings to Positive
Jul 22 2013 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of...
U.S., China Agree to Restart Investment Treaty Talks
Jul 17 2013 // The United States and China have agreed to restart stalled negotiations on an investment treaty, with Beijing dropping previous efforts to protect certain sectors of its economy from the start. The agreement to resume...
Heavy Rains Cause Major Floods, Mudslides in China: AIR Worldwide
Jul 12 2013 // AIR Worldwide reports that “days of heavy rain across the mountainous Yunnan and Sichuan provinces of southwestern China have caused widespread flooding and triggered landslides. Official reports state that 99...
New China Life Falls as Zurich Insurance Sells Shares
Jul 12 2013 // New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the third-biggest Chinese life insurer by premium income last year. The stock dropped 6.4...
Taiwan Braces for Direct Hit as Typhoon Soulik Approaches
Jul 12 2013 // Taiwan is bracing for a direct hit by Typhoon Soulik early tomorrow, prompting precautionary evacuations due to the risk of landslides, and airlines predicting high winds that would disrupt flights. Soulik may make...
Slow Landing Speed Of San Francisco Jet Probed
Jul 9 2013 // Investigators have determined that Asiana Airlines Flight 214 was traveling “significantly below” the target speed during its approach and that the crew tried to abort the landing just before it smashed onto...
Asiana Could Save Millions Under Provision Limiting Passenger Suits in U.S.
Jul 9 2013 // Asiana Airlines Inc. could avoid hundreds of millions of dollars in verdicts and settlements by employing a tactic under international law to bar Chinese and South Korean passengers from suing in victim-friendly U.S....
Chinese Insurer Buying Lloyd’s of London Building
Jul 8 2013 // Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. A Chinese...
Investigators Hunt for Cause of San Francisco Plane Crash
Jul 7 2013 // U.S. officials examined flight information recorders and began investigating the crash of an Asiana Airlines Boeing 777 that burst into flames upon landing in San Francisco, killing two teenaged Chinese students and...
China-Style Eldercare: Kids Can Be Sued For Not Visiting Parents
Jul 3 2013 // What are elderly parents to do when their children no longer bother to visit? In China, there’s a new answer: sue the kids. That’s what 77-year-old “Granny Chu,” of Wuxi, China, did in April. On...
China Expands System to Track Food Shipments
Jul 1 2013 // China is expanding a pilot system that tracks the movement of meat and vegetables to the supermarket shelf as part of efforts to tighten supervision of its scandal-plagued food industry. Under the programme, which is...
Swiss Re sigma Study Finds Global Insurance Premium Growth at 2.4%
Jun 26 2013 // Swiss Re’s latest sigma study reveals that “total global premiums written increased by 2.4 percent in real terms in 2012 to $4.613 trillion. Life premiums expanded by 2.3 percent unwinding some of the...
