All the headlines from our China Topic Page, ordered by recency.
Oct 24 2008 // Lockton has celebrated the granting of its Wholly Owned Foreign Enterprise (WOFE) insurance brokerage license to operate in China with a Grand Opening of its new Shanghai office. The license was granted earlier this year...
Oct 21 2008 // The Bank of Beijing, which is 16 percent owned by the Netherlands ING Groep NV, said on Tuesday it is in talks to buy a 50 percent stake in one of ING’s life insurance ventures in China from the venture’s...
Oct 21 2008 // Newark, Calif.-based Risk Management Solutions has opened a new office in Beijing, China, as a sign of its commitment to support the growth of the property insurance industry and risk mitigation efforts in China. The...
Sep 29 2008 // Catastrophe risk modeling firm AIR Worldwide estimates that insured losses to onshore properties in China from both wind and precipitation-induced flooding from Typhoon Hagupit will be between $100 million and $250...
Sep 24 2008 // In testimony before the U.S. International Trade Commission, the Property Casualty Insurers Association of America (PCI) stressed the “importance of the U.S.-China insurance trade relationship.” The PCI also...
Sep 22 2008 // China’s CNinsure Inc. announced that its commissions and fee revenues from its P&C insurance business is “expected to decline slightly due to the implementation of a new Working Scheme on Further...
Sep 18 2008 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit rating and insurer financial strength rating on AIG General Insurance (Taiwan) Co. Ltd. (AIG Taiwan), to ‘A’ from...
Sep 17 2008 // Japan’s well-capitalized and acquisitive insurers and Australia’s top player are seen as potential buyers if reeling U.S. heavyweight AIG sells assets, analysts and fund managers said.However, China’s...
Sep 12 2008 // A former employee in the Nebraska treasurer’s office has filed a lawsuit against the state alleging he was directed to illegally create a computer program to prohibit employees from filing for overtime.Robert...
Sep 9 2008 // Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd.He “will focus on...
Sep 8 2008 // The China Insurance Regulatory Commission (CIRC) has granted Lockton a Wholly-Owned Foreign Enterprise (WOFE) insurance broking license to operate in the country.Lockton said the new license underscores its “plans to...
Sep 1 2008 // Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to how such...
Sep 1 2008 // Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers.Eleven people,...
Aug 28 2008 // American International Group has acquired 18 percent of MicroCred Nanchong, China (MNC). The deal also gives AIG the exclusive right to sell micro insurance to MNC clients for two years.“MNC is the first wholly...
Aug 25 2008 // According to catastrophe risk modeling firm AIR Worldwide, Typhoon Nuri had weakened into a tropical storms when it came ashore over Hong Kong with maximum sustained winds of near 90 km/h (55 mph).AIR indicated Nuri had...
Aug 21 2008 // Chinese hurdler Liu Xiang will not make a claim against a 100 million yuan ($14.5 million) insurance policy after an injury forced him to pull out of the Olympics, a team official said Wednesday.Ping An Insurance Co....
Aug 18 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SALAMA Islamic Arab Insurance Company (P.S.C.), which is based in the...
Aug 7 2008 // Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers.Eleven people,...
Aug 1 2008 // China’s independent insurance agency and brokerage group CNinsure Inc. announced that “twelve of its affiliated insurance intermediary companies, including eight insurance agencies, one insurance brokerage and...
Jul 31 2008 // France’s agriculture minister said Wednesday that “big emerging countries” were to blame for the collapse of World Trade Organization talks on opening up the global economy.The president of a leading...