China
China Taiping's restructure moves forward
The Ministry of Finance and the Chinese Insurance Regulatory Commission have given China Taiping Insurance Holdings' parent TPG Group approval to begin a restructure of its insurance businesses.
RIMS offers help for Chinese market
The global risk management society RIMS has released a report on implementing an insurance program in China.
100 000 left homeless by Sichuan earthquake
A 6.6 magnitude earthquake in the Sichuan province of China has left nearly 100 000 Chinese homeless, and may have dealt severe damage to insured industrial facilities in the region, according to Eqecat.
Sichuan quake leaves 100 000 homeless
A 6.6 Mw earthquake in the Sichuan province of China has left nearly 100 000 Chinese homeless, and may have dealt severe damaged insured industrial facilities in the region, according to Eqecat.
Bird flu victims rise to 102; 20 have died
The World Health Organisation has confirmed more victims of bird flu as the source of infection remains to be identified.
Large earthquake hits Sichuan province, China
A shallow earthquake estimated to be between magnitude 6.6 and 7 struck China's Sichuan province on 20 April.
Chinese insurers to implement new anti-money laundering rules
Insurers and banks in China have been given a December 2015 deadline by the People's Bank of China to implement new anti-money laundering rules.
China's insurance market to become second largest, says Allianz
China's insurance market will become the second largest insurance market in the world within a decade according to a new report from Allianz.
Ping An releases online bird flu cover
500 bird flu insurance policies have been sold since 12 April by Chinese insurer Ping An, as poultry industry losses hit 10bn yuan.
Mystery over source of bird flu in China
Dr Zeng Guang, the chief of epidemiology at the Chinese Centre for Disease Control and Prevention has revealed that 40% of the 82 confirmed H7N9 bird flu victims have not had recent contact with poultry.
CIRC raises insurer share cap for domestic investors
The China Insurance Regulatory Commission has raised the limit for domestic investors in insurers to 51%.
Bird flu spreads; cases rise to 60; 13 dead
The number of cases of bird flu continues to rise in China, but there is still no evidence of human to human transmission.
QBE acquires HSBC's Macau GI business
HSBC Insurance (Asia) has entered into an agreement to dispose of its general insurance business in Macau to QBE Insurance (International) as the bank continues to sell insurance businesses in Asia.
China to monitor insurers' asset management
The China Insurance Regulatory Commission has created a committee to monitor insurers management of their assets.
55m affected by disasters in China and the Philippines in 2012
New research shows China and the Philippines were the countries most affected by disasters last year.
Fitch worried over subordinated debt in China
Ratings agency Fitch is worried about a move by the Chinese regulator to allow insurers to issue more subordinated debt to increase capital.
Bird flu cases rise to 21 as China takes more action
The number of bird flu cases has risen to 21 with six deaths, as China cracks down on the movement of live poultry and disinfects schools in Shanghai.
Vietnam bans poultry from China
First import ban as bird flu fears escalate as 14 people have been infected with six deaths in China.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
XL restructures Asia Pacific operations after review
XL Group plans to restructure its Asia Pacific unit, integrating operations in Australia, Singapore, Labuan, Hong Kong and China.
Chinese fuel tanker shipped crude from Iran in March
Despite EU and US sanctions and lack of insurance cover, a Chinese tanker transported fuel from Iran last month.
Cause of bird flu deaths in China unknown
Two people have died in Shanghai of H7N9, a strain of avian influenza virus, with another woman critically ill.
View from the Top: The move from West to East
As many Western insurers leave the Asian insurance sector, Patrick Chan, director and general manager of Nova Risk Services and chief operating officer at BrokersLink Asia Pacific, explains why entrepeneurs in the region are buying up assets.
Kidnap & Ransom: Forewarned is Forearmed
With instances of kidnapping for ransom on the rise in certain parts of the world, it’s more important than ever for firms to ensure they have adequate cover.