Country: China Page 65 / 84
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- January 9 2017
Lloyd’s plans China expansion
Chairman John Nelson outlines plan to further expand on the mainland as part of its Vision 2025 strategy.
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- January 5 2017
CIRC further tightens rules on insurance industry
The regulator now requires a compliance management system on the holding company of an insurance conglomerate.
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- January 4 2017
Chinese insurers face tighter profit margins this year
Analysts warn that low interest rates and increased regulation will further weaken investment returns.
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- January 4 2017
Aon Hewitt names Peter Zhang as new China CEO
He succeeds Klaus Liu, who will take on the role of chairman of the consulting business in Greater China.
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- December 23 2016
China tightening issuance of insurance licences
The move comes amid efforts to reduce risks resulting from aggressive business and investment practices.
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- December 21 2016
Chinese insurer Zhongan scraps HK IPO plan
Instead, the insurer, which has more than 400 million customers, is considering listing in mainland China.
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- December 20 2016
Hong Kong caps insurance purchases of Chinese residents
Authorities roll out a series of curbs to control insurance-related outflows.
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- December 19 2016
China warns insurers on failed self-inspections
CIRC has warned 10 companies that failed to properly undertake self-inspections on their risk levels.
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- December 16 2016
China cracks down on “impure” insurers
CIRC will further limit single-investor shareholding in insurers and scrutinise funds used to buy stakes in insurers.
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- December 15 2016
CIRC to set news rules on leverage acquisitions
The Chinese regulator has denounced insurers' leveraged buying spree and announced tougher new rules.
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- December 13 2016
AIA stresses quality over quantity
Productivity and protection policies have been the secret to why business in China has been so successful.
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- December 7 2016
Liberty Mutual agrees to acquire Ironshore for US$3b
The specialty insurer is being sold by Chinese conglomerate Fosun, which had been considering an IPO.
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- December 2 2016
Hong Kong’s popularity grows for mainland insurance buyers
The city remains a top attraction for wealthy Chinese who want to get their cash out of the country.
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- December 2 2016
China cracks down on trophy acquisitions
Plans to rein in the country's overseas shopping spree are likely to affect acquisitive Chinese insurers.
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- December 2 2016
Mainlanders’ spending on HK insurance doubles
A total of US$6.3b was spent on Hong Kong insurance products during the first nine months of the year.
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- November 28 2016
Anbang to offer international bond to fund more acquisitions
It remains unclear how much the Chinese company is seeking to raise through the offering.
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- November 25 2016
Tencent and investors sign HeTai Life deal
The Chinese internet giant invested through a subsidiary, while other shareholders include Citic Guoan and Munson Capital.
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- November 24 2016
Cost of fraudulent NHI claims hits new record in Taiwan
Among the 2,285 medical facilities the NHIA investigated in the past three years, 1,108 breached the regulations.
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- November 24 2016
China’s insurance regulator to get strict on trading habits
CIRC will beef up scrutiny after an insurer was recently found to be engaging in “rat trading”.
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- November 23 2016
Anbang eyes US$2.3bn Japanese property acquisition
The China-based insurer is now in talks with Blackstone to buy the residential property assets.
