Country: China Page 73 / 84
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- March 30 2016
Three China insurers post double-digit growth in 2015
Net profits at China Pacific, PICC and PICC P&C soared in part due to a surge in demand for asset management products.
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- March 29 2016
China Life misses 2015 profit forecast
The business took a hit in the final three months of 2015 as profit slumped 81.5% in the period from a year earlier.
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- March 24 2016
Fosun said to plan IPO for Ironshore
Fosun is reportedly planning a share offering for Bermuda-based Ironshore, which it bought in November 2015.
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- March 23 2016
Anbang loses Starwood bid to Marriott
The Chinese insurer misses out after US rival increases its offer for the hotel chain to US$13.2 billion.
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- March 22 2016
China suspends short-term insurance products
CIRC says insurance companies should not sell quasi-wealth management products purely for investment purposes.
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- March 22 2016
China’s Huize Insurance completes US$31m series B fund
One of the top online insurance agency platforms in China has received financing from unidentified Chinese investors.
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- March 18 2016
Chinese customers spent US$4.2bn in HK in 2015
The amount represents roughly a quarter of the total premium income from new life policies in the city.
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- March 17 2016
Ping An’s profit jumps 38% in 2015
The Chinese insurer made a net profit of US$8.3 billion in 2015, its highest earnings result since 2003.
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- March 17 2016
US approves Anbang’s acquisition of Fidelity & Guaranty
The US$1.57bn deal will make Anbang one of the biggest insurers by market share in fixed-indexed annuity products.
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- March 16 2016
Anbang leads US$13bn group bidding for Starwood Hotels
The Chinese insurer continues overseas buying spree, but Starwood says it is committed to deal with Marriott.
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- March 15 2016
China majors allocate US$240bn for overseas property deals
The increased allocation comes at a time when a growing number of insurers are expanding overseas.
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- March 15 2016
Prudential, AIA hit by China’s HK sales restriction
China's central bank has tightened restrictions on insurance purchases by mainlanders in Hong Kong.
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- March 10 2016
CNA Hardy sets up underwriting division on Lloyd’s China
The company will be focusing on property treaty, construction, marine, casualty and on developing new lines of business.
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- March 9 2016
Chinese firms aggressively pursuing M&A deals in Korea
Players in the Korean market face worsening profits, which is creating buying opportunities for mainland firms.
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- March 7 2016
Shanghai mayor urges insurers to provide more products
Yang Xiong has said Chinese and foreign insurance firms should innovate more products in the city.
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- March 4 2016
China slowdown prompts Moody’s downgrades
The central government's capability to support insurers on a broad basis could be weaker than previously assessed.
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- March 3 2016
Lloyd’s set to double onshore China premiums
Reinsurance is moving onshore as China’s new solvency rules punish overseas reinsurers with stiff capital charges.
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- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
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- March 2 2016
China to announce plan for financial super-regulator
The proposal would see the country's banking, securities, and insurance regulators merged into one entity.
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- February 29 2016
Chinese firms raise allocations to alternative assets
CIRC releases statistics that shows mainland insurers significantly raising their exposures in 2015.
