Country: China Page 22 / 87
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- September 2 2022
China P&I exploring South-East Asia markets for diversification: AM Best
The rating agency has assigned the club a financial strength rating of A- (excellent).
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- September 1 2022
Former China Life chairman Wang Bin found guilty of graft charges
Wang has been expelled from the party and public office and will face prosecution.
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- August 31 2022
China Re’s Chaucer ‘actively’ explores non-Lloyd’s market as H1 GWP up 20%
Net profit at the group's P&C reinsurance business dived 56.1%.
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- August 31 2022
Insurers still see Hong Kong as China gateway
The city remains an attractive base for insurers from the mainland and those looking to access it.
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- August 30 2022
Moody’s downgrades Peak Re; changes outlook to negative
The rating action is a result of contagion risks to the carrier from parent Fosun's weakened credit profile.
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- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
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- August 29 2022
CPIC P&C combined ratio improves to 97.2% in H1 2022
P&C GWP saw a 12.3% increase driven by agriculture and health businesses.
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- August 27 2022
Five major Chinese (re)insurers likely to be hit by drought: source
IAN understands that PICC, China Insurance (CIC), China Life P&C, CPIC and China Agricultural Re all face claims.
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- August 25 2022
Tencent takes 32% stake in Samsung P&C China
The tech company becomes the second largest shareholder after CBIRC approved the insurer's plan to more than double its registered capital.
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- August 23 2022
Ping An’s H1 P&C combined ratio deteriorates to 97.3%
The operating profit for the segment fell 22.3% to US$1.2bn.
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- August 19 2022
China non-life market on road to recovery but margin pressures remain: Fitch
Nat cat events are likely to test underwriting returns in the second half of the year.
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- August 17 2022
Mapfre Re gets CBIRC approval to open Beijing branch
Ignacio Arteche is the general manager of the new branch of the Spanish reinsurer.
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- August 17 2022
Beazley bullish on Asia specialty lines
APAC head Lucien Mounier says the (re)insurer is targeting growth in life sciences, product recall, M&A, financial lines and cyber.
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- August 12 2022
China’s property crisis weighs on (re)insurers
Amid a slow growth environment, losses on corporate bond portfolios raises questions about the wider threat to market.
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- August 8 2022
Allianz sees H1 P&C revenue decline in China but rise in Australia
Westpac GI integration in Australia helped GWP but it was hampered by Chinese economic conditions.
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- August 5 2022
China Re estimates H1 profit to slide 40-50%
The reinsurer attributed the drop largely to a decline in investment income.
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- August 5 2022
Crawford hires former McLarens exec as head of loss adjusting, GBA
Jackson Zeng is based in the firm's Guangzhou office.
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- August 3 2022
Non-motor lines bolster Axa’s H1 Asia P&C performance
The Asia arm comprises units across mainland China, Hong Kong, Thailand, Japan and South Korea.
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- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
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- July 26 2022
Digital channels and regulation key to unlocking Greater Bay Area potential: survey
Eight cities in the GBA have less than 10% insurance penetration.
