All the headlines from our China Topic Page, ordered by recency.
Jul 7 2017 // Swiss Re has partnered with Ping An Property & Casualty Insurance Co. of China Ltd. to launch China’s first mobile-enabled typhoon property parametric insurance solution.This solution is designed to provide an...
Jul 6 2017 // Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute’s sigma study.The report described last year’s...
Jul 6 2017 // Chinese conglomerate Fosun saw shares in its listed units fall on Thursday, prompting it to refute online rumors that it had lost contact with its billionaire chairman, Guo Guangchang.The firm said in a statement Guo was...
Jul 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...
Jun 26 2017 // A U.S. jury has ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it.The June 23 verdict by...
Jun 26 2017 // Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada.Based on 10,000 simulations of potential...
Jun 26 2017 // Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China’s Fujian Yango Group has been called off by both sides after it failed to secure regulatory...
Jun 21 2017 // Allianz SE, the German insurer that stemmed outflows at U.S. asset manager PIMCO, is now trying to bulk up on the other side of the world.“Asia is still a relatively small part of the overall global portfolio but it...
Jun 15 2017 // The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group...
Jun 15 2017 // Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York’s Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu Xiaohui in...
Jun 15 2017 // China’s civil aviation authority has fined the world’s largest long-haul carrier, Dubai-based Emirates, and barred it from adding new destinations and aircraft in China for six months, following two incidents...
Jun 14 2017 // Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York’s Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new...
Jun 14 2017 // Anbang Insurance Group, one of China’s most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable to fulfill his duties, just over a week after denying reports he had been barred...
Jun 13 2017 // Large shipping losses have declined by 50 percent over the past decade and last year saw the lowest number of losses in the past 10 years.The favorable loss trend has been largely driven by improved safety, according to...
Jun 9 2017 // Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to...
Jun 6 2017 // The first of tens of thousands of U.S. lawsuits went to trial on Monday in Kansas against Swiss agribusiness giant Syngenta over its decision to introduce a genetically engineered corn seed variety to the U.S. market...
Jun 5 2017 // Wu Xiaohui, the chairman of Anbang Insurance Group Co. Ltd., is free to travel, a spokesman for the Chinese insurer said on Friday, denying a report that Wu had been prevented from leaving China.The Financial Times...
Jun 2 2017 // Looking for allies in the fight against climate change, California Gov. Jerry Brown headed to China this week in a push to build foreign support for carbon-cutting efforts that have found resistance in...
Jun 2 2017 // State governors and city mayors were quick to claim the mantle of U.S. leadership in fighting climate change after President Donald Trump said on Thursday the country will pull out of the Paris climate agreement.The...
Jun 2 2017 // President Donald Trump’s decision to isolate the U.S. on climate change triggered waves of complaints from government and business leaders around the world and handed China a golden opportunity to burnish its image...