Country: China Page 5 / 84
-
- June 13 2024
Nova Insurance sees ‘unique’ greater China proposition driving growth
The independent Hong Kong broker is considering both organic and inorganic routes to expand its presence across business lines in the SAR and mainland China, says managing director Patrick Chan.
-
- June 11 2024
Asian geopolitical threats cast a shadow in boardrooms
Demand for political violence coverage continues to increase while reinsurance capacity and appetite are reducing over fears that escalation in the South China Sea could disrupt supply chains and trigger civil unrests.
-
- June 6 2024
Prudential Financial to acquire 10% stake in Qianhai Re
The deal, pending regulatory approval, will make the US insurance group the first foreign minority shareholder in the Shenzhen-based reinsurer.
-
- May 27 2024
Tropical cyclone landfalls in East Asia set to be above-normal: Guy Carpenter
The western North Pacific region will likely see 19 to 21 tropical cyclone formations this year, which is near-normal activity, according to the reinsurance broker.
-
- May 22 2024
Rise of autonomous vehicles switches gears on motor liability cover
As the use of self-driving technology widens to taxi and minibus fleets in China, (re)insurers are referencing new regulations on their use on roads to explore new cover for autonomous vehicles.
-
- May 20 2024
Chinese regulator fines Ping An P&C for internal control failures, fund misuse
The fines were imposed on the company as well as 12 "responsible" employees over a range of violations including internal failures and inappropriate or illegal fund allocations, according to the regulator.
-
- May 20 2024
Aon hires enterprise client leaders for Japan and Greater China
Okuyama and Li will focus on building relationships and expanding client portfolios for the global broker in the region.
-
- May 17 2024
Beat Strebel to take charge as Swiss Re China CEO
Currently head of P&C reinsurance for Middle East & Africa, Strebel has takes over from Ivan Gonzalez, who has been elevated to CEO of Swiss Re CorSo.
-
- May 16 2024
Swiss Re China head Ivan Gonzalez appointed CorSo global CEO
Gonzalez will succeed Andreas Berger, the incoming group CEO, effective July 1 and relocate to Zurich. He will be succeeded by Beat Strebel, currently the market unit head for Middle East & Africa.
-
- May 16 2024
Markel expands China team with three Shanghai appointments
Martin He has joined the specialty insurer as marine underwriter, George Ke has started in his role of professional and financial risk and cyber underwriter, and Lei Wang has become manager of model analytics and reporting.
-
- May 16 2024
Guoren P&C’s underwriting profitability under test: Fitch
The Rating agency has downgraded the insurer's rating outlook to "negative" from "stable", while affirming its rating at "BBB".
-
- May 14 2024
Battery risks extend EV insurance’s frontier into product liability
The heightened risks of fire and explosions associated with the use of lithium-ion batteries are forcing (re)insurers to rethink the way they approach their motor insurance business.
-
- May 13 2024
Localised products key for W&I growth in ‘underserved’ north Asian markets
Domestic carriers in China and Korea could take cues from Japanese players to launch products that serve the needs of local clients.
-
- May 10 2024
China Construction Bank sued over Vesttoo fraud charges in US court
US company Porch accused the Chinese bank of enabling a “massive fraud” that caused “monumental losses” for the company, in a complaint filed to a New York court.
-
- May 8 2024
Shanghai Insurance Exchange appoints Wang Zhe as new head as ex-chair faces probe
Wang, an insurance veteran specialising on data analysis and infrastructure, has replaced Ren Chunsheng, who is under probe by the Communist Party's top anti-graft watchdog.
-
- May 7 2024
BYD arm gets regulatory greenlight to offer motor cover in China
Shenzhen BYD P&C Insurance, owned by China's biggest EV maker, has been allowed to offer compulsory traffic accident liability insurance in seven provinces and in Shenzhen.
-
- May 6 2024
Asian insurance pricing moderates across lines but Japan, Taiwan, Philippines buck the trend: Marsh
Japan was the only Asian country that saw price increases in all lines of business, other cat-exposed markets like Taiwan, Philippines and Indonesia saw strong hikes in property classes but saw varying trends in other lines.
-
- May 6 2024
Local expertise and investors key to Hong Kong’s cat bond hub ambitions
Rising climate risks in the greater China region highlight Hong Kong's potential as an ILS hub, but an informed pool of investors and professional services ecosystems are important to grow the market further.
-
- May 6 2024
Torrential rain grounds air traffic, floods carparks in Guangdong, Hong Kong
Torrential rains brought localised floodings, inundated carparks in Hong Kong, and delayed flights in the Guangdong province, hitting a surge of weekend travellers who visited China coastal cities during the long May-day holiday.
-
- April 30 2024
China’s insurers see US$96.5m in reported claims from week-long Guangdong rainstorm
As of April 28, a total of 34,700 cases were filed to insurers in the southern province of China and the carriers have paid out a third of it amounting to US$28.4m.
