Anbang Insurance News
Anbang Insurance Pressured by China to Unload Overseas Assets
When Anbang Insurance Group Co. agreed to buy New York's iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a ...
The Fall of Anbang Insurance Caps Short, Wild Period for P/C Industry in China
The revolution in China's insurance industry that helped unleash about $80 billion of acquisitions started with a whimper and ended with a bang. With little fanfare, China's top insurance official, ...
Over Just 3 Years, Anbang Insurance Grabbed Sizable Amount of Global Assets
Anbang Insurance Group Co. notched up more than $10 billion of foreign acquisitions during a three-year global takeover binge, a campaign that brought Chairman Wu Xiaohui into the orbit of Wall ...
Anbang’s Woes Worsen as China Asks Lenders to Halt Business Ties
Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York's Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu ...
China’s Anbang Insurance Says Chairman Can’t Perform Duties; Reportedly Detained for Questioning
Anbang Insurance Group Co., the Chinese company that was at the forefront of a global acquisition spree before abruptly reversing course, said Chairman Wu Xiaohui is unable to perform his duties for ...
China’s Top Insurance Regulator Under Investigation in Corruption Probe
China's anti-graft agency is probing the nation's top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the ...
China’s Anbang Insurance and Kushner End Manhattan Tower Deal Talks
China's Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump's son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had ...
China’s Anbang Insurance Eyes ‘Cheap’ Investment Assets in Europe
The chairman of China's privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including ...