emerging markets News
China Re Reportedly Explores Establishing U.S. Arm
China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of Sino-U.S. ...
Saudi Arabia Seeks to Raise Insurer Capital Requirements
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom's overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The ...
A Breakdown of How the U.S.-China Trade Agreement Addresses Insurance
President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by ...
Planned Opening of China’s Insurance Sector to U.S. Firms Causes Confusion
A trade pact opening up China's insurance sector to U.S. firms has caused confusion among lawyers in the Asian nation. China pledged to remove the foreign-equity cap for the life, pension and ...
China’s Anbang Insurance Seeks $3.9B From Sale of Stake in Rural Banks
Anbang Insurance Group Co., the once-acquisitive Chinese conglomerate that's under state control, is looking to offload stakes in a number of rural commercial banks as it continues to unwind its ...
China Increases Likelihood It Will Retain Control of Financial Institutions
China's finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to ...
Chubb Boosts Stake in Major China Insurer
Chubb Ltd. has increased its investment in one of China's major insurers, reflecting a deeper commitment to penetrating the market there. Chubb said it would purchase another 15.3 percent of Huatai ...
UK’s Aviva Decides to Keep China, Singapore Businesses After All
Aviva Plc, the U.K. insurer that's overhauling some businesses as part of its chief executive officer's turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest ...