Country: China Page 82 / 84
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- July 14 2015
S&P warns Chinese insurers of equity risks
Insurers should stay prudent after China's relaxation of regulatory limits on equity investments.
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- July 14 2015
PICC buys US$1.6bn stake in Fujian bank
The acquisition increases PICC's stake in Hong Kong-listed Industrial Bank Co to 14%.
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- July 13 2015
Chinese insurers inject US$18bn of liquidity
Regulator increases the limits for insurers to invest in blue-chip stocks to prop up sky-high stock market valuations.
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- July 13 2015
Fosun completes Meadowbrook acquisition
US insurer will keep its headquarters in Michigan and continue to operate under the Meadowbrook brand.
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- July 10 2015
China’s insurers spend billions to buy shares as stock market tumbles
Purchasing spree comes after emergency rescue measures were launched to save the country's stock market from crashing.
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- July 10 2015
Chinese monsoon losses almost US$4bn in June
The amount is the largest impact of the month, according to Aon Benfield's Impact Forecasting unit.
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- July 10 2015
Solera invests US$5m to support China’s auto insurance market
Company set to open a Beijing research facility through the Solera Technology Center (STC).
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- July 6 2015
Life premium growth to increase in emerging markets this year
China and central and eastern Europe to see more life premium growth this year, according to Swiss Re report.
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- July 3 2015
China leads the way on catastrophe risk
China's Panda bond is an important step in developing better tools for transferring risk—and should also serve as a model for India.
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- July 3 2015
China’s CNinsure sells stake to J&R
Manufacturer and supplier of fire protection and safety equipment, expected to hold approximately 5.5% of CNinsure's outstanding shares.
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- July 2 2015
China’s Anbang Insurance acquires Belgian bank
Chinese insurer officially acquires Delta Lloyd Bank Belgium, one of the oldest banks in the Country.
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- July 1 2015
China Re set to launch first Chinese earthquake catastrophe bond
Bond is expected to be launched today and will provide cover to debut sponsor China Re on an indemnity basis, according to sources.
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- July 1 2015
US regulators okay Fosun’s US$433m insurance acquisition
Chinese conglomerate receives approval from regulators in Michigan and Washington.
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- June 26 2015
China trims insurance rates and establishes investment fund
Reduction in certain insurance rates will save Rmb27bn (US$4.43bn) for employers.
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- June 25 2015
China’s largest P&C insurer gets Moody’s upgrade
IFSR of PICC P&C upgraded to Aa3 from A1, with stable outlook.
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- June 24 2015
Swiss Re becomes first Swiss firm to obtain China’s RQFII licence
RQFII programme allows the reinsurer to gain access to the Chinese financial market.
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- June 23 2015
Fosun to buy Israeli insurer Phoenix for US$471m
Phoenix Holdings owner, still has the option to cancel the deal if not closed after five months.
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- June 18 2015
China’s business vehicle insurance programme to go nationwide by 2016
The programme seeks to encourage safe driving in the country.
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- June 16 2015
China Pacific Insurance to invest US$5.2bn in China Railway
Investment allows Chinese Insurer to broaden its investment channels of insurance capital.
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- June 15 2015
Insurance payout for Yangtze accident to hit US$14.8m
Payout involves 340 contracts underwritten for parties involved with the incident.
