Articles by Clare Baldwin and Jim Finkle

VTech Data Breach Highlights Risk in Connected Toys, Internet of Things

U.S. states said they will investigate a massive breach at digital toy maker VTech Holdings Ltd as security experts warned that hackers are likely to target similar companies that handle customer data. Attorneys general in the U.S. states of Connecticut …

Valuable Routes, Insurance Cover Insulate TransAsia From Grim Crash Record

Even after two deadly crashes in seven months, TransAsia Airways Corp. will likely rebound quickly as insurance covers any financial losses and its coveted routes through Taipei’s downtown airport keep it popular with business travelers. Airline analysts said the carrier …

Tantrums, Concubines, Hotpot Burns, Smog: China Insurers Have it Covered

Your child throws a tantrum and smashes something? Take out “naughty child insurance”. Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning your tongue eating hotpot or …

After Food Safety Scares, China Retailer Offers Baby Milk Insurance

A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concerns about food safety in China. Suning Commerce Group Ltd, which owns the Redbaby chain of stores, …

China Weighs Easing Rules on Animal Testing of Cosmetics

China is considering a rule change that would allow the sale of some cosmetics without requiring them to be tested on animals, opening up a potential route into the Chinese market for international firms opposed to the practice. Under the …

Hong Kong’s Li to Tap ex-AIA Deputy as New Insurance CEO: Sources

Hong Kong businessman Richard Li, the youngest son of Asia’s richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct knowledge of the move. Li …

China’s Insurance Regulator Expected to Reject $9.4 Billion HSBC Deal

China’s insurance regulator is expected to reject HSBC’s sale of its $9.4 billion stake in Ping An Insurance to Thai conglomerate CP Group, media reports said on Wednesday. The failure of the deal would be a blow to HSBC and …

China’s PICC Group to Raise up to $4 Billion in Hong Kong IPO

Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong on Thursday to gauge demand for a listing worth up to $4 billion, braving a slump in equity deals with the city’s largest IPO in two years. People’s …

Foreign Insurers Enter Myanmar Market with Hope, Caution

The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc, AIA Group Ltd and Manulife Financial Corp. are among the global insurance giants …

Hong Kong’s Li Returns to Insurance with $2.1 Billion ING Deal

Hong Kong businessman Richard Li, the younger son of Asia’s richest man, is buying ING’s Hong Kong, Macau and Thailand insurance units for $2.14 billion in cash, bringing the Dutch financial services company a step closer to paying off its …