All the headlines from our China Topic Page, ordered by recency.
Nov 8 2019 // Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe report.The...
Nov 7 2019 // It’s a deal linking Shanghai and Zurich, but the real target looks to be London.China Pacific Insurance (Group) Co. is in talks to invest at least $2 billion in Swiss Re AG, Manuel Baigorri of Bloomberg News reported...
Nov 6 2019 // Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the Chinese company’s securities, the Swiss reinsurer said on Wednesday.Swiss Re declined to comment on a separate...
Nov 6 2019 // German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely held Chinese insurer Taikang Life Insurance Co., according to people with knowledge of the matter.Goldman sold a...
Oct 29 2019 // Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary...
Oct 28 2019 // Britain will do whatever it can to ensure that its financial sector remains a major global player after Brexit, financial services minister John Glen said on Monday.“This government absolutely believes in the...
Oct 25 2019 // Ping An Insurance (Group) Co., China’s largest insurer by market value, said third-quarter profit jumped 50% thanks to higher investment returns and banking income. Net income rose to 31.9 billion yuan ($4.5 billion)...
Oct 24 2019 // Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their planned $22 billion spend on everything from artificial intelligence to blockchain will work.While...
Oct 17 2019 // An explosion at a chemical plant in southern China on Tuesday [Oct. 15] killed at least four people and injured six, the local government said, in the latest of a string of such accidents.The Guangxi regional emergency...
Oct 4 2019 // More than 150 Louisiana restaurants have been cited for not disclosing to customers they were selling imported rather than domestic seafood.The citations from the Louisiana Department of Health stem from a new law...
Oct 1 2019 // After lashing parts of Taiwan and Japan’s southernmost Ryukyu Islands on Monday, Typhoon Mitag is passing eastern China today and then takes aim at South Korea and the remainder of Japan later this week, according to...
Sep 24 2019 // Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry.“I’m going to give you a speech without a joke, I’m...
Sep 23 2019 // A tour bus crashed on a highway running through the red-rock landscape of southern Utah on Friday, killing four people from China and injuring dozens more.The bus from Southern California rolled onto a guard rail, crushing...
Sep 9 2019 // China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources.China is sharpening its...
Sep 6 2019 // Starr Insurance Cos. has named Dr. Haoming Zhou as general manager and president of Starr China Property and Casualty Insurance Ltd.Zhou has more than 20 years of insurance industry experience. Prior to joining Starr, he...
Aug 30 2019 // As Illinois and Missouri undertake the process of licensing businesses in their newly legalized cannabis industries — recreational in Illinois and medical in Missouri — they have the advantage of taking what has worked...
Aug 29 2019 // Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday.Locals noticed red discharge...
Aug 28 2019 // Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the resource-rich...
Aug 26 2019 // China Pacific Insurance Group (CPIC) has become the latest investor in B3i, the insurance and reinsurance industry’s blockchain initiative.CPIC’s membership further strengthens B3i’s representation across...
Aug 26 2019 // Tensions flared in Hong Kong on a weekend that began with the formation of a peaceful human chain across the city and culminated two days later with police firing a weapon and using water cannons for the first time.In a...