China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest in its property insurance market, and …
Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra Bank Ltd.’s general insurance unit. The Swiss firm is pursuing …
Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for US$670 million – marking the largest foreign investment in India’s general insurance market. “The transaction marks the largest foreign investment …
President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.’s Stephen Schwarzman and Qualcomm Inc.’s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations with the US on …
China blocked a senior executive at US risk advisory firm Kroll from leaving the mainland, the Wall Street Journal reported, in the latest case of authorities imposing exit bans on the employees of foreign companies. Michael Chan, a Hong Kong-based …
China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people with knowledge of the matter told Reuters. The China Securities and Regulatory …
U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a more favored suitor than Zurich Insurance Group, two people with direct knowledge of the discussions said. Chubb has an edge …
For all the gloom around the impact of Brexit on the City of London, the latest survey of Europe’s top destinations for foreign direct investment in financial services is a reminder of the UK’s continuing heft in the sector. Britain …
France’s financial sector is now the most popular destination in Europe for U.S. backers, helping the country narrow the gap with the UK for foreign direct investment in the industry. The country recorded a total of 60 FDI projects in …
Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups for Indian and Japanese businesses said …
