AIG General China still sees growth in Chinese non-life market

(BESTWIRE) Despite the problems associated with the current global economic downturn, the new chairman of American International Group Inc.'s China nonlife insurance unit said he is confident the rapid growth of China's economy will lead to profitable business for the insurer in the near future.

The China Insurance Regulatory Commission said it has approved Executive Vice President Nicholas Charles Walsh as chairman of AIG General Insurance Company China Ltd. Walsh said in Hong Kong that

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

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