Coronavirus Will Cause ‘Massive’ Losses Across Insurance Industry, Says Allianz CEO April 17, 2020 By Stephan Kahl, Matthew Miller and Anna Edwards Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses...
China Seizes Control of Anbang; Acquisitive Chairman Faces Fraud Prosecution February 23, 2018 By Engen Tham and Matthew Miller The Chinese government on Friday seized control of Anbang Insurance Group Co. Ltd and said its chairman had been prosecuted,...
Anbang Insurance’s $30 Billion in Acquisitions Draw Scrutiny to Its Finances June 14, 2017 By Matthew Miller Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York’s Waldorf-Astoria...
Chairman Wu of China’s Anbang Insurance ‘Unable to Fulfill Duties’ June 14, 2017 By Matthew Miller and Koh Gui Qing Anbang Insurance Group, one of China’s most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable...
China’s Anbang Insurance Group Denies Report of Kushner Property Investment March 15, 2017 By Herb Lash, Koh Gui Qing and Matthew Miller China’s Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of...
EU Members Should Run Stress Tests for Banks’ Cyber Risks: EU Banking Chief June 1, 2016 By Matthew Miller Domestic authorities in European Union member states should stress-test their financial institutions for cyber risks, a top EU supervisor said,...
Chinese Drones Perform Well in Analyzing Tianjin Damage Estimates December 18, 2015 By Fang Yan and Matthew Miller When an explosion devastated parts of China’s Tianjin port in August, one insurance company turned to Chinese-made drones to help...
China Asked to Revise Draft Cyber Security Rules Affecting Insurance Industry November 5, 2015 By Matthew Miller Foreign business lobbies have asked China to substantially revise proposed cyber security regulations for the insurance industry, signaling a dispute...
Alibaba’s Grand Vision for E-Commerce Empire Includes Insurance April 3, 2014 By Paul Carsten and Matthew Miller Alibaba, the world’s biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants...