China
AIG appoints Zheng as president and CEO of China
AIG has appointed Eric Zheng, an executive director of AIG China, as the new president and CEO of AIG China.
Chen to chair Zurich's China business
Johnny Chen is to switch roles at Zurich from CEO of Asia-Pacific to chairman of Zurich's life and general insurance business in China.
Ping An increases stake in bank
Ping An has said it plans to raise its stake to almost 60% in Ping An Bank for a cost of 14.8bn yuan ($2.4bn).
Ergo China Life targets Shandong
Ergo Insurance, owned by Munich Re, has formed a joint venture with the government to launch Ergo China Life in Shandong.
Fosun eyes state-owned Portuguese insurer
Chinese conglomerate Fosun which owns the majority of Peak Re reinsurer has been shortlisted as one of five potential buyers of the largest insurer in Portugal.
Chinese insurers have $14bn to invest in overseas property
Chinese insurance funds have access to $14bn or almost 86bn yuan to invest in property overseas.
Chinese insurer sets up joint funds venture
China Life Insurance is the first insurer to utilise new rules allowing Chinese insurance companies to set-up a fund management company offering public mutual funds to retail and institutional investors.
Ping An's profits rise 28.3%
China's largest insurer Ping An has reported a 28.3% rise in its first-half profit.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s
View from the Top: Asia's environmental liabilities
XL's Craig Langham examines Asia's growing environmental liabilities and how governments are looking to implement legislation.
China hit by internet attack
Chinese web addresses ending in .cn went down for two hours on the morning of 25 August.
China Taiping premiums climb 61% in first half
Chinese insurer China Taiping's premiums increased almost 60.8% to HK$50.5bn in the first half of the year.
China's central bank to lead regulation meetings
The governor of People's Bank of China Zhou Xiaochuan is set to chair a regulatory committee made up of the regulators for banks, securities firms, insurance and the foreign exchange.
FP Marine in China aquaculture move
PICC and Dalian Zhangzi Island Fishery Group initiated a wind index marine aquaculture insurance which is the first policy of its kind.
View from the Top: The growing foreign appetite for China
Foreign insurers are looking to capitalise on M&A opportunities in China and access the motor insurance market. This follows the removal of restrictions to write compulsory third party liability insurance. The motor insurance segment comprises over 70%…
Chinese broker boss found in Fiji
Chen Yi, the head of Shanghai Fanxin Insurance Agency, has been found in Fiji and has been extradited to China after it is alleged she had fled the country.
Lloyd's eyes Beijing underwriting office
Lloyd's is to open another underwriting office in China once regulatory approval has been granted.
Opportunities reducing for China motor tie-ups, says KPMG
Foreign insurers are looking to capitalise on the opening of the motor market and rising M&A activity in China. This follows the removal of restrictions to write compulsory third party liability insurance, according to a new industry survey by KPMG.
Heavy flooding in China kills more than 90
Hundereds of thousands of people have been caught up in the worst flooding in decades in North-East China and also in Guangdong province, South China, with at least 90 people being killed.
Chinese broker under investigation for huge fraud
It is understood Chen Yi, general manager at Shanghai Fanxin Insurance, has left China for Canada as the broker is investigated for fraud.
Chinese life insurers 'need to improve risk management'
According to a survey by Towers Watson more work is needed by Chinese life insurers to improve risk management.
Peak Re makes gains at renewal season
Hong Kong-based reinsurer Peak Re said it welcomed a good 1 July renewal season in the Asia-Pacific region.
UK regulator warns on Axa clone
The Financial Conduct Authority has warned that a firm branding itself as Axa Isle of Man Limited has no ties with the French insurer.
China earthquake was Asia's costliest disaster in July
According to Impact Forecasting, part of Aon Benfield, the July Gansu province earthquake in China caused $3.25bn of economic losses.