Country: China Page 23 / 89
-
- October 12 2022
Fitch affirms A- rating, stable outlook for China Taiping’s UK subsidiary
The subsidiary's underwriting result was US$4.3m in 2021, compared to a loss of US$25.2m in 2020.
-
- October 11 2022
Asia needs to deliver ‘acceptable level of profitability’: Mapfre Re’s Javier Sánchez Cea
The Spanish reinsurer has made Asian expansion, especially China, a priority but expects the market to improve margins.
-
- October 4 2022
PingAn P&C bets on AI for nat cat risk reduction
The platform monitors local geographical and environmental data in real-time to send warnings to its clients.
-
- October 3 2022
Hyundai China’s strong balance sheet to help tide over losses: AM Best
The Didi Chuxing and Legend Holdings backed carrier’s operating results were in the red due to poor underwriting performance.
-
- September 28 2022
Insurers shying away from writing new China, Taiwan policies: report
Risk managers are worried a sanctions war between the US and China may restrict capital flow.
-
- September 28 2022
Higher loss ratios driving up China NEV insurance rates: report
Electrical vehicle cover 20% more expensive than conventional cars because they are more prone to fire and parts are more expensive.
-
- September 20 2022
Generali China Insurance elevates Yan Jiu as chairman
The former vice-president and member of CPC committee for Bank of Kunlun will work with the property insurer's general manager Yuan Yinghui.
-
- September 19 2022
Prudent reinsurance, low costs anchor Cosco captive’s performance
AM Best affirmed financial strength rating of A for the Chinese shipping company subsidiary.
-
- September 16 2022
Why Fosun’s divestment plan may exclude Peak Re
Non-core divestitures are unlikely to change the controlling interest of core insurance units like the Hong Kong reinsurer and Fosun Insurance Portugal.
-
- September 15 2022
Fosun sells 22% stake in YongAn Property Insurance
State-owned Shaanxi Financial Asset Management acquired the conglomerate's interest in the Chinese carrier.
-
- September 12 2022
Losses mount from nat cats in Korea, Pakistan, China and India
An earthquake, a typhoon and two serious flooding events are triggering a large volume of claims.
-
- September 12 2022
China P&C premium pile grows 9.3% as foreign insurers double market share
China's P&C premium increased to US$132bn in the first seven months of 2022.
-
- September 9 2022
APAC renewables to generate US$59bn of premium by 2035: Swiss Re report
Property and casualty sector global real premiums will grow by around 2.7% in 2023.
-
- September 8 2022
Tencent exec replaces Samsung P&C China head after capital injection
Ren Huichuan becomes interim GM with Ji Qingxie set to depart.
-
- September 7 2022
China Re names He Chunlei as new chairman: report
He was recently appointed as party committee secretary of the company.
-
- 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).
-
- 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.
-
- 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%.
-
- 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.
-
- 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.
