Country: China Page 75 / 81
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- October 15 2015
Shanghai’s rich account for 15% of China’s life premiums
Just 160,000 Shanghainese account for about 15% of the total life insurance premiums in China.
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- October 14 2015
Chinese insurers tapping international expertise
Expertise on products, pricing and technology is being sought through mergers and acquisitions.
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- October 13 2015
Investors commit US$1.2bn for China Re IPO
Cornerstone investors include Great Wall Pan Asia, State Grid and China Development Bank.
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- October 12 2015
China Re set to launch US$2bn IPO in Hong Kong
The offer will help China Re to raise fresh capital ahead of new solvency rules affecting Chinese insurers.
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- October 9 2015
IAG to go ahead with China expansion plan
Incoming CEO Peter Harmer has affirmed the group's commitment to growing in Asia.
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- October 5 2015
Anbang Insurance tops bid to buy Fidelity Life
If successful, the deal will mark the Chinese insurer's first acquisition of a US competitor.
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- October 2 2015
China, Switzerland sign social insurance deal
Workers are now exempted from mandatory social insurance contributions.
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- October 1 2015
China’s insurance premium growth slowing
CIRC data shows growth slowed to 19.5% during the first eight months of the year.
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- October 1 2015
Contamination in Tianjin to push up cost to insurers
Chemical contamination in the Chinese port of Tianjin is likely to add to the total losses.
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- September 30 2015
China removes life insurance interest-rate cap
The new policy will return pricing power to insurers and encourage market-based products.
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- September 29 2015
China eyes Bermuda reinsurance market after Tianjin
The explosions in Tianjin are spurring China to consider new sources of insurance.
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- September 28 2015
Healthcare top concern for China’s super rich
A majority of China's wealthy individuals are opting for high-end retirement communities.
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- September 25 2015
China plans crackdown on illegal insurance activity
CIRC is deploying new technology to monitor and regulate the growing agency force.
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- September 24 2015
Chinese insurers’ global buying spree hits US$6.1bn
Moody's says the outbound trend will continue unless there is a big change in interest rates.
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- September 24 2015
Japanese insurers’ face US$165m claims for Tianjin blasts
The country's top-four nonlife insurers will pay out claims for damage to finished automobiles.
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- September 23 2015
Moody’s keeps stable outlook for Chinese insurers
The credit rating agency warned China's insurers on headwinds that may affect creditworthiness.
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- September 23 2015
Markel appoints new head in China
Hu Qianhai has been appointed to lead the team providing solutions to Chinese insurers.
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- September 22 2015
Chinese insurers now allowed to set up PE funds
Insurers can set up growth, buyout, mezzanine, real estate and venture capital funds.
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- September 21 2015
China Re wins approval for US$2bn Hong Kong IPO
The company is offering up to 15% and expects to pitch the deal to investors in early October.
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- September 18 2015
Fed delays rate hike amid China concerns
Asian markets woke up on Friday to news that the US Federal Reserve would not be hiking interest rates.
