Country: China Page 85 / 86
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- June 12 2015
Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved
Approval issued despite concerns over reciprocity.
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- June 10 2015
Samsung partners Ping An for digital health platform in China
Partnership expected to fast-track the adoption of remote health monitoring systems in China.
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- June 10 2015
China’s Fosun in final stage of acquiring Israel’s biggest insurer
Fosun set to acquire Israel's Pheonix Group for US$858M.
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- June 9 2015
China’s private hospitals to be eligible for reimbursement
Threshold for private healthcare providers also to be lowered.
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- June 9 2015
AXA launching units in Singapore, Hong Kong and Shanghai
Data Innovation Lab in Singapore to conduct R&D work using data analytics.
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- June 8 2015
Shanghai insurance exchange to get approval this year
Exchange will offer risk securitisation products, catastrophe bonds and insurance derivatives, according to reports.
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- June 4 2015
Peak Re to partner with Shanghai Typhoon Institute
Collaboration for forecasting on China typhoon activities announced.
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- June 3 2015
China’s regulator to oversee claims related to ship tragedy
Regulator also urges insurers to provide quick claim services.
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- June 2 2015
China launches commercial vehicle insurance reform
Insurance firms to receive more autonomy in setting premiums as part of the reform.
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- June 1 2015
China’s corporate insolvency forecast to rise this year
Atradius, Euler Hermes and Coface all issue reports predicting an increase for mainland China insolvency.
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- May 30 2015
China Life Insurance elects new chairman of the board
Yang Mingsheng election comes a week after he was also elected as an executive director of the company.
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- May 30 2015
Fosun shifts focus to insurance
Conglomerate expected to sell more of its own equity as it focuses on developing its insurance business.
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- May 25 2015
Swiss Re completes acquisition of RSA’s China business
World's second biggest reinsurer pays GBP71m (US$111m) to acquire Sun Alliance Insurance.
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- May 11 2015
Fosun plans US$1bn share sale to fund insurance M&A
Company to invest in more insurers from Europe and the US in the coming years.
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- May 11 2015
China’s insurers raising capital for M&A
Fosun is set to raise US$1b as mainland insurers increasingly look overseas for investment opportunities.
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- May 9 2015
State-owned insurer China Taiping eyes raising US$1.74bn in share sale
The proceeds would be used to expand its insurance business and grow into new areas.
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- May 7 2015
Anbang gets green light to acquire Belgium’s 100-year-old insurer
Acquisition marks the first time a Chinese insurance company acquiring 100% ownership of a European insurance firm.
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- May 7 2015
China encourages citizens to buy private health insurance
State Council offers tax reductions for premium payments of less than Rmb2,400 (US$392) per year.
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- May 4 2015
Fosun strikes US$1.8bn deal with US insurer Ironshore
Fosun already owns 20% of the casualty and property insurer, which it bought in August 2014 for US$464m.
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- May 1 2015
Aegon, and Tsinghua Tongfan invest in Chinese life insurer
Potential of China’s life insurance market attracts investment.
