China
PICC seeks cornerstone investors ahead of IPO
Chinese state-owned insurer PICC Group is in talks with American International Group and others to become cornerstone investors for its planned Hong Kong listing, Reuters reported.
PICC IPO valuation hits $20.8bn
People's Insurance Co (Group) of China is planning a listing that will value the state-owned insurer at around $20.8bn, according to a Market Watch report.
The Asian talent hotpot for insurers
As insurers ride the wave of rising wealth in Asia the demand for professionals with the right expertise to make the most of growth opportunities is shrinking, as Pagan Van reports.
Asia View from the Top: The effects of globalisation
'May you live in interesting times' is apparently the English translation of an ancient Chinese curse, and the past few years have been interesting and challenging from an underwriter's point of view.
IPipeline hires Greenberg to build Apac presence
Insurance processing solutions provider iPipeline has appointed Paul Greenberg as country manager for Japan and Asia Pacific.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
China-based intermediary starts repurchase programme
CN Insure is to repurchase up to $30m of its American depositary shares by 6 May 2012 after its board of directors approved a repurchase programme.
China Pacific Insurance gets nod for private share placement
China Pacific Insurance has received approval from the Chinese securities regulator to raise HK$10.4bn ($1.34bn) in an H-share private placement, according to a statement on the stock exchange.
PICC appoints legal firms for IPO preparations
Legal firms Slaughter and May, Sullivan & Cromwell and Davis Polk & Wardwell have picked up lead advisory roles as the state-owned People's Insurance Company of China gets closer to an initial public offering.
AIA appoints Yeo Yong-Boon as non-exec director
Pan-Asian insurer AIA Group has appointed George Yeo Yong-Boon as an independent non-executive director
Emerging markets expansion rewarded by equities analysts
Insurance equity analysts expect higher profitability from the best-performing insurers, despite difficult market conditions, and will reward those that expand into emerging markets, a global survey by Accenture found.
Xchanging expands Apac footprint
Business process outsourcing provider Xchanging is to open delivery centres in China and the Philippines.
Xchanging unveils Apac expansion plans
Technology services provider Xchanging is to open two new delivery centres in the Philippines and China.
Linuo Power in solar warranty deal with Aon's China JV
International photovoltaic firm Linuo Power has launched warranty cover for solar modules supplied by Aon-Cofco, a joint venture between broker Aon and state-owned Chinese conglomerate Cofco Group.
Top five Asian news stories
The top five Asian news stories on www.insuranceinsight.com over the past seven days.
Storms and strikes among biggest concerns for insurers
Catastrophic acts of violence, mining strike contagion, unexpected 'perfect storms' and a nation paralysed by cyber terrorism are among the biggest risks facing the insurance industry, according to Willis Group.
Chinese P&C premiums up almost 15% in first nine months of 2012
China's insurance premiums hit ¥1.21tn (£118bn) in the first nine months of the year, up 7.3% from the same period last year, according to the China Insurance Regulatory Commission.
Allianz boss hails "important" 10-year Asian bancassurance deal with HSBC
Allianz and HSBC have signed a 10-year exclusive bancassurance distribution agreement in Asia.
Lloyd's chair acclaims "massive benefits" of MGAs investing in China
Bank of China, China Re Group, China Insurance Regulatory Committee and the PICC were among the firms and organisations courted by Lloyd's last week as part of an event held in Shangai.
Chinese insurers given green light to invest in 45 new countries
China's Insurance Regulatory Commission has widened overseas investment options for its domestic insurance sector.
RMS heralds Insurance Institute of China appointment
RMS Beijing has been appointed as a member of the Insurance Institute of China by the eighth board of directors, with RMS' Dr Hang Gao serving as a new director.
Aspen Re enhances risk management in China
Aspen Reinsurance has licensed Air Worldwide's multiple peril crop insurance model for China to enhance its risk management capabilities in catastrophe-exposed agricultural regions of the country.
Asia View from the Top: Are we ready for a perfect storm in China?
The recent development trend in the insurance market in China has generated new challenges for the insurance market. But by no exaggeration, it could be a 'perfect storm' to reshape the industry.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.