China News
AIG Wants to Sell $750M Stake in Chinese P/C Insurer PICC
American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is seeking $750 million by selling shares in PICC Property & Casualty Co. after ...
U.S., China and Germany: 2014’s Largest Commercial Lines Markets
The U.S., China and Germany were the world's largest commercial lines markets in 2014, but emerging markets offered much higher growth rates, Finaccord found in a new report. Broken down, the U.S. ...
The U.S. and China Will Expand a Planned Cybercrime Crackdown
U.S. and Chinese officials have agreed to expand cooperation to crack down on cybercrime as China's state- run news agency said a hacking attack on the U.S. Office of Personnel Management was carried ...
China and Germany Agree on Halt to Economic Cyber War
China and Germany agreed to work on stopping economic cyber spying between the two nations amid mounting concern that the thousands of small- and medium-sized companies that form the backbone of ...
U.S. Security Firm Accuses China of Hacking Even After Cyber Pact
Hackers associated with the Chinese government have tried to penetrate at least seven U.S. companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial ...
PartnerRe Losses From Tianjin Explosion Estimated at $50M-$70M
PartnerRe, soon to be acquired by the Italian investment firm EXOR, has chimed in with initial loss estimates from the Tianjin explosion in China. The Bermuda-based reinsurer said its Tianjin-related ...
China Insurers Pursue Western Carriers as Mentors
Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and technology as a nascent market for health and property ...
China’s President Pledges Cyber Security Cooperation and Resolution
Chinese President Xi Jinping opened his U.S. visit by seeking to ease concerns on almost every dispute between the two powers, even expressing readiness to cut a deal on one of the thorniest issues, ...