Country: China Page 87 / 89
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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.
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- June 12 2015
China Life Insurance launches first overseas unit in Singapore
Singapore to offer a wide range of products, including health insurance and investment options.
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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.
