Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
China’s CNinsure Forms Two New Agencies
May 28 2008 // China’s CNinsure Inc. announced the signing of definitive agreements with several individual entrepreneurial agents to jointly establish Jiangsu Fanhua Lianchuang Insurance Agency Co. Ltd. (‘Lianchuang’)...
ChinaGrowth to Acquire UIB Group
May 28 2008 // ChinaGrowth North Acquisition Corporation (CGNAC) announced that it has entered into a Share Purchase Agreement to acquire the Chinese insurance broker UIB Group Limited. Following completion of the transaction, UIB will...
ACE Contributes $1 Million to China Earthquake Relief
May 27 2008 // The ACE Group of Companies announced that the ACE Foundation – International has made a $1 million contribution to the Red Cross Society of China to support emergency relief efforts following the earthquake that...
Former Regulator Yongwei Ma Joins CNinsure Board
May 23 2008 // CNinsure Inc., China’s major independent insurance agency and broker, announced that its Board of Directors has appointed Mr. Yongwei Ma, the former chairman of the China Insurance Regulatory Commission (CIRC), as an...
China Quake Estimates: 50,000 Dead; $9.5 billion in Company Losses
May 20 2008 // China’s government says companies suffered 67 billion yuan (US$9.5 billion; €7 billion) in direct losses from last week’s earthquake. The announcement by a deputy industry minister, Xi Guohua, came during a...
AIG: $1 Million for China Quake Relief
May 19 2008 // American International Group announced a $1 million (approximately 7 million RMB) donation to support relief and rebuilding efforts following the recent 7.9-magnitude earthquake that struck China’s Sichuan Province...
Fitch: China Quake ‘Not an Immediate Capital Issue’ for HK Insurers’
May 16 2008 // Fitch Ratings has issued a bulletin from its Hong Kong/Singapore offices indicating that “based on preliminary estimates, the earthquake in China is not expected to have a material impact on the balance sheets of the...
RMS Estimates China Quake Property Losses Could Reach $15 Billion
May 15 2008 // As the magnitude of the earthquake that struck China’s Sichuan Province on Monday, and the extent of the damage it caused, becomes more apparent, the loss estimates from the quake have escalated rapidly. Risk...
AIR Estimates China Quake Insured Losses Likely to Exceed $300 Million
May 14 2008 // Catastrophe risk modeling firm AIR Worldwide has issued an estimate that total losses to insured and uninsured property from the M7.9 earthquake that struck near Chengdu, China will likely exceed RMB 140 billion ($20...
UPDATE: RMS Analyzes China Quake
May 13 2008 // A report from Risk Management Solutions on the 7.5 magnitude earthquake that struck China’s Sichuan province on Monday reports that “over 7,000 casualties had been reported. More than 100 fatalities occurred...
Montana Auditor To Negotiate Insurance in China
May 12 2008 // Montana State Auditor John Morrison will represent U.S. insurance regulators in the U.S.-China Insurance Dialogues in Hangzhou, China, this week. The dialogues, part of trade negotiations between the two countries, are...
Strong China Quake Felt as far as Thailand
May 12 2008 // An earthquake with a magnitude of 7.5 struck China’s Sichuan province on Monday, less than 100 km (60 miles) from the provincial capital of Chengdu, the U.S. Geological Survey said on its web site. The quake was felt...
CNinsure Expands in China’s Guangxi Province with New Acquisition
May 6 2008 // China’s CNinsure Inc. continued its acquisition spree with the announcement that it has signed a definitive agreement to acquire a 60 percent equity interest in Guangxi Xingfu Insurance Agency Co., Ltd., an insurance...
Willis Keen on China Growth
May 5 2008 // Willis Group Holdings Ltd, the world’s third-largest insurance broker, expects to maintain its annual revenue growth in the China market at at least 20 percent for the next five years and will increase its stake...
UN IPCC Head Sees Possible Climate Change Deal in 2009
May 5 2008 // The world can reach a significant new climate change pact by the end of 2009 if current talks keep up their momentum, the head of the United Nations climate panel said on Sunday. The United Nations began negotiations on a...
Catlin Syndicate Leads Coverage for Europe/China Rail Cargo Link
May 2 2008 // The Catlin Syndicate, the largest syndicate at Lloyd’s of London in terms of premium capacity, is leading the cargo insurance coverage for goods transported by an innovative new rail container service linking Europe...
China’s Health Reform Creates Openings for U.S. Companies
Apr 30 2008 // China’s efforts to reform its health care system provide a major opportunity for American companies to enter the Chinese market, according to a top U.S. commerce official. As China looks toward revamping a health...
US, China Accounting Standards Groups to Cooperate
Apr 28 2008 // Accounting standard setters for the United States and China have signed an agreement designed to strengthen cooperation and communication between the two countries, the Financial Accounting Standards Board said Monday. The...
China, European Union Vow to Work on Trade, Ease Tibet Tension
Apr 25 2008 // China and the European Union vowed on Friday to seek balanced trade and foster cooperation in climate change in high-level meetings as they sought to ease tension over Tibet protests and the Olympics. EU officials led by...
China Working on Food Safety Law that Boosts Fines, Prison Terms
Apr 23 2008 // China’s proposed food safety law, which promises tough penalties including possible life imprisonment for makers of dangerous food products, is a good first step, industry officials and analysts said Tuesday. A draft...
