China Revives Sale of Dajia Insurance, the Firm Created to Take Over Troubled Anbang April 9, 2021 By Manuel Baigorri and Vinicy Chan China is reviving a sale of Dajia Insurance Group Co., the company that took over most of the operations of...
Anbang, Andy Bang, $1 Trillion in Claims. Ritz-Carlton Mystery Gets Its Day in Court. August 24, 2020 By Jef Feeley and Mark Chediak When a 26-year-old Uber driver walked into a California deeds office two years ago, it was the real-estate equivalent of...
China’s Anbang Gets $9.7B Capital Injection to Bolster Solvency After Alleged Fraud April 4, 2018 By Bloomberg News China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout...
Ex-Chairman of China’s Anbang ‘Doesn’t Deserve Leniency,’ Say Prosecutors April 2, 2018 By Bloomberg News Chinese prosecutors said Wu Xiaohui, the former chairman of Anbang Insurance Group Co., doesn’t deserve leniency as the one-day hearing...
Former Chairman of China’s Anbang Pleads for Leniency in $10B Fraud Trial March 29, 2018 By John Ruwitch The former chairman of China’s Anbang Insurance Group Co Ltd requested leniency at the end of his high-profile trial in...
Anbang’s Former Chairman Goes on Trial, Accused of Masterminding $10.4B Fraud March 28, 2018 By Bloomberg News A Shanghai court accused former Anbang Insurance Group Co. Chairman Wu Xiaohui of masterminding a 65.2 billion yuan ($10.4 billion)...
China’s Anbang ‘Committed’ to Overseas Units After Government Takeover February 26, 2018 Anbang Insurance Group Co Ltd. said on Monday it fully supported the Chinese insurance regulator’s decision to temporarily take control...
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,...
China Regulators End Insurer Deal Spree, Favoring Risk Managers, over Risk Makers July 14, 2017 The revolution in China’s insurance industry that helped unleash about $80 billion of acquisitions started with a whimper and ended...
China’s Anbang Turns Attention to Digesting $13.5B of Overseas Deals September 7, 2016 Anbang Insurance Group Co., known for its aborted attempt to buy Starwood Hotels & Resorts Worldwide Inc. in March, is...