All the headlines from our China Topic Page, ordered by recency.
Oct 17 2012 // Dominic Casserley will serve as the next chief executive officer of global insurance broker Willis Group Holdings, effective Jan. 7, 2013.Also, Steve Hearn, currently the chairman and CEO of Willis Global, will serve as...
Oct 12 2012 // Apple Inc.’s largest contract manufacturer has been pushing for a Chinese worker left brain-damaged in a factory accident to be removed from the hospital in a case that throws a harsh new spotlight on labor rights in...
Oct 9 2012 // The Worldwide Broker Network, a group headquartered in San Mateo, Calif., will hold an owners conference in Shanghai, China on Oct. 17 through Oct. 20 12. The event is expected to draw a gathering of roughly 150 owners and...
Oct 9 2012 // “The Chinese insurance market is in a state of transition: after a period of rapid expansion, the market must now adjust for sustainable and healthy growth,” concludes a special report from A.M....
Oct 5 2012 // Asian flood losses during the third quarter of 2012 aggregated more than $7.5 billion in economic losses, of which China was the worst hit by two separate flood events that affected several provinces.“The most costly...
Oct 5 2012 // The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an “unusual” source.Committee Chairman...
Oct 3 2012 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of South Korea’s...
Oct 2 2012 // World Trade Organization Director General Pascal Lamy on Monday acknowledged the Geneva-based grouping has been a “disappointing” forum for trade liberalization but placed the blame for moribund world trade...
Sep 24 2012 // China has eased restrictions on foreign companies in parts of its insurance, travel and delivery industries in a possible effort to reverse a slide in investment from abroad, an American business group said Friday.Some of...
Sep 17 2012 // A Nevada judge has fined Las Vegas Sands Corp. $25,000, citing its failure to disclose important information in a lawsuit filed by a fired executive against the casino company.Clark County District Judge Elizabeth Gonzales...
Sep 17 2012 // The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday.The...
Sep 14 2012 // “The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo.He did indicate that...
Sep 10 2012 // Survivors of a series of earthquakes that killed 81 people and injured more than 800 in a mountainous area of southwestern China were desperately waiting for more aid to arrive Sunday as jolting aftershocks kept fears high...
Sep 7 2012 // Aon Benfield’s latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during August, notes that Hurricane Isaac was “the first land falling...
Sep 7 2012 // The North Atlantic hurricane season runs from mid-August to October, with a strong peak in storm activity around the middle of September. A less familiar but even more destructive pattern of disturbances is the financial...
Sep 4 2012 // Despite ludicrous claims to the contrary, Western sanctions have hurt Iran’s crude oil exports, but it’s also not all gloom and doom.In unsurprising, but obviously factually incorrect, remarks, the director of...
Aug 30 2012 // A.M. Best Co. has downgraded has the financial strength rating (FSR) to ‘B+’ (Good) from ‘B++’ (Good) and the issuer credit rating to “bbb-” (Good) from “bbb” (Good) of China...
Aug 30 2012 // Insurance companies based in the EU are not allowed to provide cover for ships that carry Iranian cargo.The EU sanctions are aimed at the protection and indemnity (P&I) clubs based in the EU, which dominate the marine...
Aug 29 2012 // Willis China, part of Willis Group Holdings, announced that the Chinese Insurance Regulatory Commission (CIRC) has granted approval for it to open a new office in Harbin, a first for a foreign broker and Willis’ 22nd...
Aug 23 2012 // Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their...