China News
In China, Mutual Insurance Companies Are Slow to Start
China's attempt to spur the launch of mutual insurance companies has gotten off to a very slow start. Approximately 18 months after issuing regulations intended to spur growth of mutual insurers, ...
Anbang Insurance Reportedly Drawing Scrutiny from Chinese Regulators
China's insurance regulator is planning to send inspectors to Anbang Insurance Group Co., a person with knowledge of the matter said, after the watchdog stepped up scrutiny of insurers' investments ...
AIG Is Selling $1.2B Stake in Chinese P/C Insurer
American International Group is offering for sale about $1.2 billion worth of shares in China's PICC Property and Casualty Co Ltd (PICC P&C) in a block deal, IFR said on Saturday, citing a term ...
Chubb Deal with China Retailer Gives It Access to Massive Online Customer Base
Chubb Ltd. is linking up with one of China's largest and most recognized retailers in a deal that gives it access to and online customer base of as many as 230 million people. Financial details of ...
Ping An Insurance Grabs $1.6B Stake in Chinese Car Website
Ping An Insurance Group Co., China's second-largest insurer, agreed to buy a 48 percent stake in Chinese car website Autohome Inc. from Telstra Corp. for $1.6 billion, extending a shopping spree by ...
Anbang Insurance Pulls $14B Bid for Starwood Hotels
A group led by China's Anbang Insurance Group Co. withdrew its $14 billion takeover bid for Starwood Hotels & Resorts Worldwide Inc., clearing the way for a purchase by Marriott International ...
China Tech Outfit Discloses Intent to Buy Unnamed Reinsurance Group
A Chinese high-tech operation said it plans to snatch up a group of reinsurance companies in a diversification move. China Goldjoy Group Ltd., formerly known as World Wide Touch Technology Holdings ...
Asia Investment Grabs Big Chunk of Global P/C M&A Pie: Conning
Insurance industry M&A truly went global in 2015, and a noteworthy chunk of the attention came from China and Japan. Conning summarizes the scope of this in a new report, and the author said he ...