All the headlines from our China Topic Page, ordered by recency.
Oct 26 2005 // Standard & Poor’s Ratings Services announced from its Hong Kong office that it has affirmed its “A-” insurer financial strength and counterparty credit ratings on China International Reinsurance Co....
Sep 26 2005 // Typhoon Damrey, described as the strongest storm to hit the area in 30 years, roared across China’s Hainan Island earlier today. According to news reports at least two people were killed and some 170,000 were forced...
Sep 12 2005 // At least nine people have lost their lives, many more are injured or missing, and more than one million have been evacuated as Typhoon Khanun lashed China’s Zheijang province with high winds and torrential rains. The...
Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...
Sep 5 2005 // At least 73 people have died in eastern China as Typhoon Talim slammed into the coast, triggering floods and landslides. China’s Xinhua News Agency reported that around 53 people have died in Anhui Province, the...
Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...
Sep 5 2005 // Allmerica Exits Life SalesAllmerica Financial Corp. is getting out of the variable annuity and variable life insurance business, selling those operations to The Goldman Sachs Group Inc. as part of a $385 million deal....
Aug 24 2005 // The Hong Kong-based insurance unit of China’s Bank of Communications Co. has filed a formal application with the China Insurance Regulatory Commission (CIRC) to establish a Shanghai-based P/C insurance...
Aug 23 2005 // Reports from a number of sources (Bloomberg, Asia Pulse) indicate that China’s Bank of Communications Ltd. (BC) is planning to form a partnership to enter the P/C business on the mainland. BC, China’s fifth...
Aug 12 2005 // Willis Group Holdings Limited announced that the suspension of the license of its Guangzhou, China, branch office to accept new business has now been lifted. Willis said the “suspension related to a misunderstanding...
Aug 2 2005 // Zurich Global Energy announced the appointment of Chris Barber as Global Energy onshore property manager for Asia.The appointment follows the creation of the Greater China unit under CEO Johnny Chen at the start of 2005...
Jul 28 2005 // With only four percent of its 1.3 billion people holding insurance policies, China represents the world’s largest but also perhaps most challenging opportunity for foreign insurers, according to a study published by...
Jul 25 2005 // AEGON-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of AEGON with China National Offshore Oil Corporation (CNOOC), has signed national cooperation agreements with two leading banks in the People’s...
Jun 28 2005 // AIR Worldwide Corporation has announced that China’s PICC Property and Casualty Company Limited has completed the first earthquake risk analysis using AIR’s China earthquake model. Guy Carpenter coordinated the...
May 20 2005 // Aon Re China Limited, a unit of Aon Corp., has secured 100 percent placement of the first agricultural reinsurance contract in China.The contract was awarded by the Shanghai Anxin Agricultural Insurance Co. Ltd. (AAIC),...
Apr 19 2005 // Lloyd’s underwriters believe that buyers are more concerned about pricing than current insurance industry investigations – according to new research released Tuesday.The research* also reveals that underwriters...
Apr 13 2005 // China’s PICC Property and Casualty Co. Ltd., the country’s largest P/C insurer, is poised to enter the rapidly expanding Chinese life insurance market with the announcement that it is forming a joint venture...
Mar 18 2005 // The Horton Group of Orland Park, Ill., has announced a new facility to assist agents and brokers in the United States with placing and servicing property, casualty and employee benefit covers directly into the...
Feb 21 2005 // Insurance Australia Group (IAG), the country’s largest automobile and home insurer, is reportedly planning to buy a 25 stake in China Pacific Insurance Co.’s property unit. A report from Bloomberg.com said that...
Feb 15 2005 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating of “a-” to China International Reinsurance Company Limited (CIRe) (Hong Kong). The outlook is...