Country: China Page 88 / 89
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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.
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- April 28 2015
China sets charges for deposit insurance scheme
Scheme unlikely to have a major impact on banks and premiums.
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- April 27 2015
China’s Fosun to invest in more European and US insurance firms
OneBeacon Insurance Group also said to be a target.
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- April 23 2015
China’s PSBC’s US$3bn stake sale attracts global investors
Bidders include Singapore's Temasek Holdings and French bank BNP Paribas.
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- April 21 2015
Chinese insurers report double-digit profits
Growth partly attributed to large gains in ROI.
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- April 16 2015
Zhong An Insurance passes $10bn valuation
Zhong An has underwritten over 630 million insurance policies and serviced 150 million clients in its first year of operation.
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- April 16 2015
China warns of strange stock price insurance product
The online insurance product claims to provide protection against stock price volatility.
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- April 14 2015
Fitch affirms IFS A- rating of China’s Huaxia Life
The Beijing based insurer has become the largest player in the UL segment in terms of new premiums, says Fitch.
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- April 9 2015
Fubon considering cross-strait cooperation with Ping An
Policyholders would be able to settle a claim at more than 700 China Ping An service counters should they have an accident in China.
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- April 9 2015
China Life and Ping An make their first US real estate investment
The project includes a 13-story office building and a 100-unit, nine-story condominium tower.
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- April 2 2015
AIG unloads $500m stake in China’s PICC
America's biggest commercial insurer cuts its stake in PICC Property & Casualty to 8.2% as it seeks to raise funds.
