emerging markets News
China P/C Insurers Reportedly See 2017 Operating Cash Flow Turn Negative Amid Crackdown
China's insurance firms saw their net operating cash flow slump 65 percent last year, a source said citing data in a government memo, underscoring the challenges facing the sector as it reels from a ...
India’s Tata Group Sees Growth Opportunities in Insurance and Finance
The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India's largest conglomerate looks to sharpen its focus on about half a dozen ...
Chubb Takes Deeper China Dive Through Multiyear Partnership Agreement
Chubb signed a 10-year strategic cooperation deal with a Chinese insurer that lets it take a deeper dive into China's market. The agreement is with PICC Property & Casualty Company of China., and ...
China Issues Sweeping Rules to Regulate $15 Trillion in Asset Management Products
China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's rampantly growing ...
Chubb Establishes Small Commercial Division for Asia Pacific Region
Chubb established its new Small Commercial Division for the Asia Pacific region, with a focus on risk management needs of small- and medium-sized businesses. Jason Keen, Chubb's regional head of ...
China Will Let Overseas Firms Buy Majority Stakes in Its Domestic Insurers
China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local ...
China Taiping Insurance Group Wants to Buy $1.3B Hong Kong Tower
A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of ...
Insurance Included in Singapore’s Plans to Create 4,000 Finance Sector Jobs
Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. ...