Country: China Page 2 / 89
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- September 22 2025
China’s P&C underwriting profit tops US$3.7bn, ceded premium surpasses US$14bn in H1 FY25
For the first time, more than half of the insurers reported profitable underwriting, according China Re P&C.
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- September 22 2025
Super Typhoon Ragasa: Hong Kong facing US$100m bill: report
Region is battening down for the typhoon, which is expected to bring hurricane-force winds of up to 220km/h and is projected to make landfall in southeast China on Wednesday.
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- September 16 2025
‘Opportunity is always in China’: rapid industrial growth ups ante for (re)insurance market: Rare Earth’s Wei Wang
New energy storage, offshore wind power and overseas projects under the Belt and Road Initiative are key, the CEO of the (re)insurance broker told InsuranceAsia News' Between The Lines podcast.
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- September 15 2025
Swedish Club expands in China with Ping An P&C strategic partnership
Agreement enhances service delivery and broadens the ways members can access the club’s marine insurance and loss prevention services.
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- September 15 2025
Jasmine Wan joins Berkley Insurance Asia as head of casualty for greater China
Hong Kong-based Wan joins after spending over eight and a half years with QBE.
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- September 11 2025
China Pacific Insurance secures US$2bn to fund internationalisation, AI
Hong Kong-listed Chinese insurer issues a zero-coupon convertible bond due in 2030 with a conversion premium of 25%.
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- September 9 2025
Midea Group founder takes 11.5% stake in Samsung P&C China: reports
Acquisition from Yuxing Technology Development will make Foshan Shunde District Junlan Hotel Management the third-largest shareholder, pending regulatory approval.
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- September 3 2025
Chinese insurers surge ahead in global renewable premium race
People’s Insurance Company of China, Ping An Insurance, and Yingda Taihe Property Insurance added over US$200m in new renewable energy premiums between 2023 and 2024, according to Insure Our Future.
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- September 1 2025
China Re’s net profit up 11.4% in H1 FY25 even as P&C reinsurance hit by agri slowdown, overseas losses
P&C reinsurance segment, China Re’s largest unit, posted insurance revenue of CNY22.96 billion, down 2.2%, mainly due to weaker domestic agriculture premiums.
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- August 29 2025
China Pacific’s P&C underwriting profit up 31% to US$500m in H1 FY25
Underwriting COR was down 0.8 percentage points to 96.3% due to improvements in underwriting expense ratio.
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- August 28 2025
Taiping Re’s profit surges 75% despite flat premiums
China Taiping reported a 12.2% rise H1 FY25 profit led by a sharp rise in reinsurance profitability and improved underwriting margins.
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- August 27 2025
PICC P&C underwriting profit surges 45% to US$2bn on motor, property gains
China's large non-life carrier posted a combined ratio of 94.8%, a 1.4 percentage point improvement.
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- August 26 2025
Ping An P&C H1 topline up 7%, COR down to 95.2%
Chinese carrier’s premium income increased US$23.6bn.
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- August 25 2025
Sunshine P&C’s H1 COR improves to 98.8%; underwriting profit up 42%
Beijing-headquartered insurer's GWP was US$3.5bn, up 2.5% year-on-year, as non-motor lines posted strong growth.
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- August 21 2025
ZhongAn interim profit soars as underwriting gains, COR drops to 95.6%
The Chinese online insurer reported underwriting profit of US$90m, up 109% year-on-year.
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- August 15 2025
Vesttoo creditors launch lawsuit against Aon, CCB for fraudulent conduct
The complaint alleged Aon’s IP-linked product's transactions were the primary cause of Vesttoo’s downfall, while it also sought damage from CCB for forgery of letters of credit.
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- August 12 2025
Chinese lessor Avmax secures US$29m from Liberty-led insurers for planes lost in Russia
Company had leasing contracts with Russian carriers for three Dash 8 turboprop regional airliners, which are now irretrievable due to sanctions.
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- August 11 2025
Willis hires Brian Fung as associate director for greater China M&A
Hong Kong-based Fung joins after four years at Aon.
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- August 6 2025
Heavy rain, floods, landslides leave insurers counting losses across Hong Kong, China, India
Torrential rain this week caused substantial damage and disruptions.
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- August 5 2025
Beijing flood losses to be ‘substantial’ as region braces for more rain
Insurers have received 65,000 reports of losses following last month's extreme rain, with an estimated insured loss of US$277m, according to regulatory data.
