China
Ping An closes puchase of Lloyd’s building for £260m
The Lloyd’s building has been sold by present owner Commerz Real to a Chinese insurer in a deal worth £260m.
Lloyd’s building sold in £260m Ping An deal
The Lloyd’s building has been sold by present owner Commerz Real to a Chinese insurer in a deal worth £260m.
Police stop one man’s three-year motor-fraud spree
Police in China finally caught up with a man who crashed a car on average every three days for almost three years as part of an insurance scam.
China’s insurance industry needs reform, says regulator
China’s insurance industry would benefit from reforms which could see the rate of growth increase, the head of the China Regulatory Commission has said.
Hong Kong insurers criticised over fee calculation
Household insurers in Hong Kong have been accused of inflating premiums by using a discredited measure already banned in the new-homes market, the Legislative Council's housing panel has heard.
CIRC approves agricultural insurance
The China Insurance Regulatory Commission has granted insurance companies more access to agricultural insurance, according to reports by Beijing Business Today.
Chinese insurers might face downgrading, Moody’s warns
Chinese property and life insurance firms might see a credit downgrade in the next two years if car insurance and saving products remain as the main source of their income, rating agency Moody’s has warned.
Europe: Draining energy
Europe was fast out of the blocks with its carbon emissions schemes but the financial downturn and the emergence of Asia and Latin America is threatening its future, Steve Kingshott writes.
McLarens targets Asia Pacific expansion with Chinese adjusting hire
Loss aduster McLarens has recruited a permanent China resident FCILA-qualified adjuster to lead business in the country.
McLarens swoops for China resident FCILA adjuster
Loss aduster McLarens has added to its Chinese presence with the recruitment of a China resident FCILA-qualified adjuster.
Fitch raises Lloyd’s outlook to positive
Lloyd’s has seen its Fitch ratings affirmed with an improved outlook, climbing to positive from stable after the rating agency noted reduced earnings volatility.
China's insurance premiums climb almost 10%
China's insurance premiums climbed 9.4% to $126.2bn in the first five months of 2013 compared to the same period last year.
Primary insurance growth to outstrip reinsurance says Munich Re
The global insurance market will grow strongly over the next decade, according to Munich Re’s Insurance Market Outlook published this week.
China's motoring potential
The Chinese market is slowly opening up to foreign insurers. Mukul Gupta argues the motor market could be the key to success.
Coface downgrades Eurozone GDP after Germany concerns
Economists at cred insurer Coface, are downgrading their GDP growth forecast for the Eurozone, reflecting concern about Germany, the largest EU economy.
PICC P&C raises $290m of capital in Hong Kong
PICC Property & Casualty's Hong Kong portion of its rights issue has proved successful.
Directors and officers' premiums soar in China
The costs of obtaining directors' and officers' insurance has soared thanks to a rising number of multi-million dollar lawsuits.
World Bank cuts growth forecasts
The World Bank has cut its economic growth forecasts for China and the world.
Swiss Re warns of $44bn loss scenario from Chinese flood and storm surge
With its large economy and over half of its manufacturing centres exposed to flood risk, China represents a much bigger risk to insurers than Thailand, according to a new report from Swiss Re.
Foreign owned insurers can use yuan as capital
China's State Council has changed the rules for foreign-owned insurers in the country by allowing them to use yuan as capital from 1 August.
Opinion: The dangers of sandwich panel construction
Following a recent deadly fire at a Chinese poultry factory which killed 120, Professor James Lygate explains how poor materials in sandwich panel buildings often make fires worse.
China Taiping establishes new unit
China Taiping's new business unit China Taiping Insurance Group Co. has officially opened after a restructure at the group.
China lessens insureds' claims' obligations
China's Supreme People's Court has raised the responsibility on insurers for when querying claimants.
InterGlobal expands sales team
Twenty four sales staff have been appointed or promoted by international medical insurer InterGlobal.