Country: China Page 11 / 82
-
- July 26 2023
Large loss expected from stricken ship and containers off Taiwan coast as typhoon looms
A Palau-flagged container ship has sunk possibly triggering environmental and long-term liability claims, as the Philippines, Taiwan, China and Hong Kong prepare for huge storm.
-
- July 25 2023
Berkley Insurance Asia appoints Omi Lok as head of casualty, Greater China
Hong Kong-based Lok, who joins from Axa, has over two decades of casualty experience across retail markets in Asia.
-
- July 24 2023
Philippines, Hong Kong, China and Taiwan brace for typhoon
The slow-moving storm is picking up strength as it approaches north-eastern Philippines with the government issuing strong wind and rain warnings in Luzon.
-
- July 24 2023
Chubb’s Greenberg urges ‘effort to limit bureaucracy’ to help GBA: report
The global CEO said the government has to "take down the financial regulatory borders between Hong Kong and Guangdong".
-
- July 19 2023
Chinese carrier Zhonglu’s COR improves to 100% on better risk selection: Fitch
The Qingdao-based insurer, rated BBB (good) with a stable outlook, is rapidly expanding its non-motor business and readying for capital injection.
-
- July 19 2023
Liberty’s Asia reorganisation will have ‘no job impacts’
The realignment from August 1 brings together all the insurer's businesses in Asia under the leadership of Phil Hobbs, president and managing director, Liberty Specialty Markets.
-
- July 19 2023
China Taiping deputy general manager resigns following reports of corruption probe
Xiao Xing, who has been with the insurer since 2013, is being investigated by the country's anti-graft watchdog.
-
- July 18 2023
Carriers prepare for claims deluge as floods hit India, Korea, Japan and China
Extreme weather, including heavy rainfall, landslides, a typhoon and heatwaves, has put (re)insurers, brokers and adjusters on high alert.
-
- July 18 2023
CNPC Captive’s COR improves 24 points to 71% on reserve releases: Moody’s
The rating agency affirming the captive's A2 rating noting that it has reduced exposure to cat perils after it ceased insuring some pipeline assets divested by CNPC.
-
- July 14 2023
BYD Auto to raise insurance arm’s registered capital by US$420m
After the capital injection, BYD Property Insurance's registered capital will reach US$560m and the parent will maintain 100% shareholding.
-
- July 7 2023
China’s carriers betting on state-led infrastructure boom
The government continues to invest in railways, airports, ports and energy generation amid a slowdown in the property market.
-
- June 29 2023
Axa XL appoints Boney He as senior underwriter in Shanghai
She was previously an underwriting assistant at Brit Insurance, division of Lloyd’s China, for 10 years.
-
- June 23 2023
PICC Hong Kong expanding reinsurance portfolio, mainland sales: AM Best
The rating agency has affirmed A- (excellent) rating for the Hong Kong carrier with a stable outlook.
-
- June 22 2023
Analytics: Hong Kong and China P&C players’ underwriting margins squeezed
Carriers are under pressure as reinsurance costs rise, however, at 10% coverage for the top 15 Chinese insurers, there is plenty of room to grow.
-
- June 20 2023
Hong Kong’s export credit insurer launches mainland pilot with five banks
HKECIC has teamed up with Bank of China, BEA, HSBC, Hang Seng and DBS, and the credit limit for each buyer's non-payment risks is capped at US$12.8m.
-
- June 16 2023
Taikang-backed Tk.cn scripts underwriting turnaround with COR improving 29 points to 92%
Fitch has affirmed the Chinese digital non-life insurer's rating at A- with a stable outlook.
-
- June 15 2023
Lloyd’s to reverse losses this year, affirms AA- rating, including for China: Fitch
Fitch expects Lloyd’s to maintain its improved global underwriting results in 2023-4 as pricing conditions remain 'favourable', although volatility will remain.
-
- June 12 2023
China hailstorm losses reach US$28m: report
Extreme weather events continue in the country with cumulative rainfall in the southern city of Beihai city reaching a record-breaking level.
-
- June 9 2023
China targets global cedents with Shanghai reinsurance hub
The international board, launched on June 8, rolls out incentives for international (re)insurers to tap the country's capital.
-
- June 2 2023
China proposes new reinsurance board in Shanghai
An international reinsurance market will be set up in Shanghai free trade zone to promote the city as an international reinsurance hub.
