insurance companies

Regulators Ease Up on Insurance Industry

From Caijing Magazine: After being required to pay a fixed 2.5 percent interest rate on life insurance premiums for nearly a decade, China’s insurers are preparing for regulatory reforms that allow adjustable rates and could...

China Insurers Pay $165M For Snow Damage

From AP via : Chinese insurers have paid more than 1.2 billion yuan, or $165 million, for deaths and damage from snowstorms that killed at least 107 people, said officials quoted Wednesday by a state news agency....

China’s Ping An Insurer Buys Stake in Dutch-Belgian Fortis for US$2.67 Billion – AP

From AP via China’s second-biggest life insurer Ping An Insurance said Thursday it had bought a 4.18 percent stake in Fortis NV for ¬£1.81 billion (US$2.67 billion), becoming the Dutch-Belgian company’s single biggest shareholder. Ping An said it has an option to increase its stake in Fortis to 4.99 percent, but added it has […]

Now, China Restricts Market Access to Foreign Companies – Saibal Dasgupta

From The Times of India: Faced with a glut of foreign capital and massive trade balance, China has now begun either to restrict market access to foreign companies or create new hurdles for those that have already entered the field. This is evident from several recent measures including the latest move to restrict the entry […]

Chinese Insurance Investment Cap Raised – Jamil Anderlini

From Financial Times: Beijing raised the limits for overseas investment by Chinese insurance companies on Wednesday to 15 per cent of their assets, potentially adding up to $50bn to the wall of money available. China’s Insurance Regulatory Commission said it was raising the cap on overseas investments by insurers from 5 per cent with immediate […]



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