Search Results for: anbang Page 1 / 7
-
- July 13 2022
China heightens oversight as insurance assets bulk up
With the top four players controlling over half the market, any company failure is a huge risk to the economy.
-
- September 6 2021
CBIRC issues draft insurance guidelines: report
The regulator is seeking public comment on proposed rules to decrease financial risks amid heightened industry oversight.
-
- July 19 2021
China puts Dajia Insurance on the auction block for US$5.2bn
Beijing is selling off the caretaker firm managing the assets of the now defunct Anbang Insurance Group.
-
- March 16 2021
AIG Korea appoints Ramzi Toubassy as new CEO
The Malaysia-based AmMetLife head is set to replace the retiring Douglas Min on April 1.
-
- February 2 2021
Bohai Life among six insurers failing China’s tougher solvency rules
Moody's also flags Chang An P&C, Aeon Life, Qianhai Life, JK Life and Sino-French Life.
-
- January 18 2021
CBIRC chief pushes ‘prudential regulation’
Guo Shuqing also address Hong Kong’s GBA role during AFF keynote.
-
- December 3 2020
Anbang loses US court case over failed US$5.8bn hotel deal
South Korea’s Mirae Asset Daewoo walked away saying key conditions not met.
-
- November 16 2020
CBIRC warns on “irrational exuberance” and “oligopolies”
A build up of debt in the financial system and a rush towards innovation are worrying the regulator.
-
- November 4 2020
CBIRC handed “zero tolerance” and modernising regulatory remit
China's leaders want to avoid systemic risks at all costs.
-
- October 14 2020
China’s state insurers shuffle leaders, including scandal-hit PICC
PICC has been dealing with the fall out from fake gold bars being used as collateral in a transaction.
-
- September 16 2020
Anbang’s upcoming liquidation marks end of an era
It will be the final chapter after a long saga full of twists and turns at the former Chinese giant.
-
- July 22 2020
China’s regulator seeks to shore up life giant
Huaxia Life employs around 500,000 people and has been linked to several rivals.
-
- July 20 2020
China seizes insurers linked to billionaire Xiao Jianhua
The Chinese state takes control of several firms linked to Xiao after discovering irregularities.
-
- June 19 2020
CPIC eyes overseas deals after London listing
Potential US$2bn fundraise should help navigate strict Chinese capital rules for international buys.
-
- June 17 2020
Former chair of China’s regulator handed 11-year jail sentence
Xiang Junbo had already admitted to bribery.
-
- April 29 2020
Anbang sues Mirae over US$5.8bn luxury property book
The deal has been hit by a lack of debt financing as a result of market uncertainty.
-
- April 14 2020
Is China’s GWP bouncing back from Covid-19?
Sales growth paused in February but is recovering in many provinces.
-
- February 24 2020
China’s regulator ends two-year Anbang takeover
The CBIRC took control of Anbang in February 2018 after its chairman was arrested.
-
- December 17 2019
Dajia, formerly Anbang, to finalise 35% bank stake sale
China's government is also still looking to sell all, or part, of its 98% stake in Dajia Insurance.
-
- November 8 2019
Swiss Re’s China play
A potential deal with CPIC could see it invest up to US$1bn in Chinese growth.
