December 19, 2024
The rivers and canals that meander through Hemudu in southeastern China are a vital source of life and community — they provide income for fishermen, an after-school hangout spot for kids, and define the town’s landscape. But when it rains, …
June 17, 2019
The Geneva Association, the global organization of insurance and reinsurance chief executive officers (CEOs), announced the election of four new board members. They are: Yuansiong Lee, co-CEO, Ping An Insurance Co. of China; Charles F. Lowrey, CEO, Prudential Financial; Jianmin …
March 11, 2019
Shares in China’s largest property insurer have started their descent back to Earth and according to analysts, it could be a prolonged and rocky journey. People’s Insurance Co. (Group) of China Ltd.’s mainland-traded stock rocketed more than 100 percent over …
December 27, 2017
Starr Cos. announced it is working with China’s PICC Health Insurance Co. Ltd. to provide insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries. The companies are providing a specialty accident and health offering jointly …
November 27, 2017
Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China that will provide PICC’s customers and other Chinese-affiliated companies around the world access to Chubb’s global capabilities. As part of …
July 5, 2017
China will prosecute the former president of the People’s Insurance Co (Group) of China Ltd after an investigation found he engaged in corrupt practices including bribery, the ruling Communist Party said on Wednesday. The party’s corruption watchdog said Wang, who …
December 22, 2016
China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns …
October 28, 2016
Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers, led by the People’s Insurance Company of China (PICC) in 2016. The pilot program offers insurance cover …
December 18, 2015
When an explosion devastated parts of China’s Tianjin port in August, one insurance company turned to Chinese-made drones to help analyze the rubble and estimate the damages. Comparing satellite photographs of the site ahead of the blast with high-resolution images …
October 30, 2015
Lloyd’s China, Tokio Marine Kiln and People’s Insurance Company of China Property and Casualty Company (PICC P&C) signed a memorandum of understanding (MoU) to provide intellectual property infringement liability insurance in China. Signed on Oct. 29 at PICC’s head office …