Country: China Page 57 / 86
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- February 27 2018
Three Chinese insurers sanctioned for foreign investment breaches
China Re Asset Management, China Life and Ping An Insurance violated regulations on investable countries.
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- February 26 2018
Chinese government takes over Anbang Insurance
The state is taking temporary control of the insurer and prosecuting its founder over allegations of fraud.
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- February 23 2018
China mulls share ownership limit
CIRC is planning several new measures to limit the ownership of single shareholders in insurers.
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- February 22 2018
Risk culture still lacking in Asia – EY
Less than half of insurers across the region have developed a risk culture or risk conduct framework.
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- February 20 2018
China’s public insurance adjusters to see more scrutiny
CIRC has said public insurance regulators should be organised as either partnerships or corporations.
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- February 19 2018
China’s Rongfeng asked to justify plan to buy stake in Greek insurer
Doubts emerge it may not have the capacity to engage in the deal with Ethniki Hellenic General Insurance
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- February 14 2018
Chinese regulator puts cap on insurers’ overseas financing
The China Insurance Regulatory Commission has limited foreign borrowing to 20% of an insurer's net assets.
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- February 13 2018
China Life reportedly acquiring AMP’s life assets for US$3bn
A possible deal to buy the troubled life insurance assets could be announced in May, according to reports.
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- February 13 2018
XL Catlin appoints China country manager
Phil Xue joins from Guy Carpenter to take up role of chief executive officer of XL Insurance (China).
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- February 12 2018
China, India priority markets for UK insurers after Brexit
The Association of British Insurers has said the two nations will be key targets after departure from the EU in 2019.
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- February 9 2018
Open for business?
Chinese acquirers are watching Oceanwide’s revived attempt to buy US insurer Genworth with interest.
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- February 9 2018
China’s Sina to venture into internet insurance
The tech firm follows in the footsteps of the country's big three internet players Alibaba, Tencent and Baidu.
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- February 8 2018
Genworth, China Oceanwide refile acquisition plan
The company is seeking financing as it aims to address maturing debt of about US$600 million.
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- February 6 2018
FWD Group appoints Ken Lau for Greater China role
He joins from Union Life and will lead FWD in Hong Kong and Macau, and oversee expansion in Greater China.
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- February 1 2018
Operating cash flow of China’s insurers drops 65% in 2017
The decline is attributed to the intensified and widespread crackdown on risks and foul play in the sector.
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- January 30 2018
M&A activity among Hong Kong insurers to remain robust
M&A involving insurers in the city hit US$2.84bn in 2017 and growth is expected to continue this year.
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- January 24 2018
Chinese insurers post 29.7% profit growth in 2017
Despite increasingly tough regulation, Chinese insurers continue to deliver double-digit profit growth.
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- January 23 2018
Chinese insurtech market attracting more players
A new generation of disruptors is emerging on the scene to compete in the vibrant and emerging insurance technology landscape.
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- January 23 2018
China urges insurance for belt-and-road initiative
Companies undertaking projects under the initiative are being told to take advantage of insurance to minimise risks.
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- January 22 2018
Ping An eyes spinning off four subsidiaries
The units include Lufax, China's biggest online wealth management platform, and Ping An Good Doctor, an online medical platform.
