Country: China Page 66 / 86
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- March 15 2017
Foresea Life chairman resigns
Yao Zhenhua resigned after getting a 10-year prohibition order from China’s insurance regulator.
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- March 8 2017
Zhong An to sell up to 10% stake to investors
China’s first internet-only insurer intends to raise funds before its planned initial public offering.
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- March 7 2017
Big insurers may face less scrutiny in China
Insurance authorities are planning an industry-wide shakeup that will see smaller insurers face stricter regulation.
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- March 6 2017
China consortium joins bid for Hong Kong Life Insurance
The consortium will be up against China’s state-owned Yue Xiu in a deal valued at more than US$700m.
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- March 3 2017
Citic-Pru Life approved to open Sichuan branch
The development comes after the JV announced plans to expand into Anhui province in November last year.
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- February 28 2017
CIRC slaps Evergrande Life with 12-month ban
The Chinese insurer will be unable to participate in stock investments after violating investment rules last year.
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- February 27 2017
Chinese insurance group official faces probe
The vice-chairman and president of PICC is reported to be facing investigation over alleged serious disciplinary violations.
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- February 24 2017
Chinese regulator continues to warn of risky practices
CIRC has again reiterated its stance against use of insurance capital for market speculations.
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- February 23 2017
China welcomes first shipping captive insurance firm
Cosco Shipping Captive Insurance has officially opened at the Shanghai Free Trade Zone.
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- February 23 2017
CIRC participating in new asset management rules
The insurance regulator has reportedly teamed up with the central bank and the country’s securities and banking regulators.
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- February 15 2017
Chinese premiums up in 2016 but set for slowdown
CIRC expects growth to slow down this year due to stricter regulations for financial deleveraging.
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- February 14 2017
China’s JD.com mulls online insurance business
One of China’s e-commerce giants is set to launch an internet insurance service.
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- February 10 2017
China losing its lustre
Reinsurers are voting with their feet in response to disappointing returns and domestic competition.
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- February 10 2017
Chinese insurers warned on overseas acquisitions
Some companies behave like “a little boy rushing into a candy store”, says CIRC official.
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- February 9 2017
Chinese insurers invested in 651 projects in 2016
Investments mostly went specifically to transport, energy, real estate, health care and elderly care.
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- February 9 2017
New insurance platform to launch in China
The collaboration between Fosun and CXA will focus on employee healthcare and wellness.
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- January 30 2017
Zurich, Chinese bank tie up on bancassurance
Indonesian entity of Swiss giant partners with Bank of China to explore bancassurance services.
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- January 27 2017
China introduces new agri insurance subsidies
The new measures will better evaluate performance the subsidies, the Ministry of Finance said.
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- January 26 2017
China limits insurers’ stock investments to 20%
Chinese insurers will be restricted from buying listed firms or partnering with non-insurance parties.
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- January 24 2017
Slump in China’s life premiums expected this year
The regulator's crackdown and a decline in insurers' investment returns could cause a fall.
