Country: China Page 52 / 84
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- May 31 2018
Ex-Anbang Insurance chairman appeals conviction
Wu Xiaohui has reportedly appealed his conviction of embezzling about US$12 billion in funds.
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- May 30 2018
China imposes US$9.8m fines on insurers
Violations that incurred penalties included irregularities such as misleading sales pitches and fake materials.
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- May 30 2018
Anbang begins search for strategic shareholder
The troubled insurer is seeking private investors as part of its transition from Chinese state control.
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- May 28 2018
Lisa Sun to lead AIG’s business in China
She joins the insurance group from Mercer, where she was CEO of its Hong Kong and South and East Asia zone.
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- May 25 2018
Mitsui Sumitomo returns to China life market
The MS&AD subsidiary has agreed to pay Rmb4.325b (US$668m) for a 37.5% stake in BoCommLife Insurance.
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- May 25 2018
China jails former PICC president
Wang Yincheng has been sentenced to 11 years imprisonment for allegedly taking bribes.
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- May 24 2018
China’s online property insurance premiums rebound
Consumers are favouring apps and third-party platforms ahead of through insurers' websites.
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- May 24 2018
Australia’s CBA sells BoComm stake to Mitsui Sumitomo
The sale will fulfil a condition of the sale of its life insurance businesses in Australia and New Zealand to AIA.
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- May 23 2018
Anbang selling majority stake in Century Securities
The Chinese government-controlled insurer is looking to raise at least US$565m from the sale.
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- May 22 2018
JLT wins full China brokerage licence
The new licence offers the same scope as that permitted for a domestic insurance brokerage company.
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- May 22 2018
China well-poised for further liberalisation
A top official noted that the country has built up strength in the banking and insurance spaces.
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- May 18 2018
Foreign firms in China rush
Overseas insurers are leaping at the opportunity to extend their presence after Xi Jinping cracks open the door.
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- May 17 2018
China performance boosts Ageas results
The "very strong" performance was boosted by what it considers to be exceptional results in China.
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- May 16 2018
FWD applies for Shanghai JV
The Hong Kong-based insurer is reportedly looking at establishing a joint venture in Shanghai with unknown partners.
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- May 14 2018
China issues new rules on disclosures for insurers
New rules have been released to clarify ambiguous rules on disclosures for insurance companies.
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- May 11 2018
AIA co-leads US$500m investment in WeDoctor
The Hong Kong-listed insurer co-led the funding round in a Tencent-backed Chinese online healthcare solutions platform.
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- May 11 2018
China jails ex-Anbang Insurance boss for 18 years
A Chinese court has sentenced Wu Xiaohui after a trial that accused him of stealing more than US$10bn.
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- May 9 2018
Australia’s AMP downplays reported China Life talks
The embattled Australian wealth manager has kept silent on reports that it is exploring a deal.
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- May 8 2018
China’s life insurance sector to rise 10-fold by 2030
In the years ahead, the best performers are likely to be those that already have one foot in the door.
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- May 7 2018
ICBC-Axa Life to set up asset management arm
The move comes after Xi Jinping’s call to further open China’s insurance sector at the Boao Forum last month.
