Downgrading China
May 26 2017 by Nick Ferguson-
China Re returns to profit on strong FY2023 primary P&C, overseas growth
- March 28
China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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China expands national nat cat pool to cover perils beyond earthquakes
- March 27
The nat cat insurance mechanism will now also include typhoons, floods, torrential rains, mudslide and landslide, it will double limits per household, as well as support commercial cat cover.
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PICC P&C 2023 net profit drops as nat cats, post-Covid reopening aggravate claims
- March 27
China's largest P&C insurer saw net profit for the financial year drop 15.6% and its combined ratio edge up to 97.8%
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Sunshine P&C’s FY 2023 COR improves to 98.7%, underwriting profit goes up 142.4%
- March 26
While the group's P&C insurance revenue for the year increased 10.2% to CNY45.5bn (US$6.3bn), primarily due to non-motor business growth, net profit for the 12 month-period went down 36.1% to CNY978m, affected by a 49.5% decrease in investment income due to adoption of new accounting standard and volatile capital market.