All the headlines from our China Topic Page, ordered by recency.
Dec 30 2008 // The high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made losses, placed the year among the costliest on record for insured catastrophe losses.That’s according to...
Dec 17 2008 // “Faced with increased risks from the global financial downturn, Chinese companies should strengthen their loss prevention and risk management techniques,” concludes an analysis presented by Chubb Corp. at a...
Dec 17 2008 // Marsh announced that it has received regulatory approval to set up a branch office in Dalian, the largest city in China’s Liaoning province.“The new office is the fifth branch office outside of Beijing for...
Dec 10 2008 // Insurance firms Axa S.A., MetLife Inc. and Prudential Plc., as well as China’s sovereign wealth fund CIC, are all in talks to buy a unit of U.S. insurance firm American International Group in a deal that is likely to...
Dec 8 2008 // Milk, toothpaste, cough syrup, pet food, eels, blood thinner, car parts, pork, eggs, honey, chicken, dumplings, cooking oil and rice — if you can fake it or taint it, you can almost guarantee it’s happened in...
Dec 5 2008 // The Maryland Insurance Administration is hosting of two international interns from China through the National Association of Insurance Commissioner (NAIC)’s International Internship Program.From the China Insurance...
Dec 3 2008 // The U.S. Food and Drug Administration says it is making “significant progress” with its one-year program to protect both domestic and imported food from accidental and intentional contamination.“Science...
Dec 1 2008 // China’s 3 trillion yuan ($440 billion) insurance industry was largely insulated from the U.S. subprime crisis that battered AIG and other foreign firms, but the fallout poses the toughest challenge in a decade as...
Nov 24 2008 // China Life Insurance Co, the world’s biggest life insurer by market value, is interested in buying Asian assets of American International Group, a senior China Life manager briefed on the situation said on...
Nov 21 2008 // A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a 49 percent stake in American Life Insurance Co (Alico), a unit of AIG, in a deal that could be worth up to $10.6 billion, Japan’s...
Nov 19 2008 // The United States said this week that it has embarked on a new strategy with China to ensure that products imported into the U.S. are safe.Worries about the quality of Chinese exports to the U.S. have become a major...
Nov 18 2008 // Willis Group Holdings has launched a single broking technology platform for its 20 retail offices across China and has established a new operations center in Shanghai.Willis said the initiatives would “further drive...
Nov 17 2008 // CNinsure Inc., one of China’s largest independent insurance intermediaries, announced the appointment of Feng (Fred) Jin as Chief Operating Officer. He will take on the COO’s role in addition to his present...
Nov 17 2008 // The consumer chiefs of the European Union and the United States called on China on Monday to crack down on unsafe products, especially toys, ahead of Christmas.More than 20 million Chinese-made toys were recalled worldwide...
Nov 14 2008 // Recession has struck much of Europe, data showed on Friday, confirming a widespread economic downturn that world leaders hope to tackle at a weekend summit in Washington.The worst financial crisis in 80 years has weakened...
Nov 13 2008 // Maurice “Hank” Greenberg, former CEO of American International Group Inc., said he would consider buying AIG’s Asian life insurance operations if the firm were to put this flagship business on the...
Nov 10 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Arch Reinsurance Europe Underwriting Ltd. (Arch Re Europe), a newly formed Ireland-based...
Nov 2 2008 // The Hartford, Allianz SEThe Hartford Financial Services Group Inc. finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz purchased, at $31 per share, $750 million of preferred shares...
Oct 29 2008 // China’s greenhouse gas emissions have caught up with the United States and will not fall any time soon, a top Chinese official said on Wednesday, while warning of a huge economic blow from global warming.The comments...
Oct 27 2008 // China’s biggest life insurers posted disappointing quarterly results on Monday, hurt mainly by investment income which took a hit from plunging stock markets across the region.China Life Insurance, the...