China
PICC could delay Shanghai listing
People's Insurance Company (Group) of China may seek as much as $3bn in an initial public offering in Hong Kong in October or November while postponing a Shanghai listing, Bloomberg news has reported.
EU and Asian insurers holding out on Chinese D&O cover
Fears of claims following low-price buy outs on the NYSE are making insurers think twice about offering D&O cover to listed Chinese companies.
Ping An to use gaming platform to sell insurance for virtual items
Chinese insurer Ping An has joined forces with Chinese technology firms Alibaba Group and Tencent Holdings to offer specialized internet insurance policies.
China Taiping posts drop in H1 net profit
China Taiping Insurance Holdings posted reduced net profit of HK$536.67m for the first half of 2012, down from HK$792.4 in the previous year.
Zurich seeks Chinese licences for emerging markets push
Zurich Insurance has applied for licences to expand into Chinese cities as part of a renewed focus on emerging markets, according to chief executive Martin Senn.
Wu replaced on CNinsure board by Shang
CNinsure has confirmed the resignation of Shangzhi Wu from the company's board of directors following the expiration of his tenure and the appointment of Xiaojun Shang, effective 24 August.
Market moves: Why I moved away - Adam Garrard, Willis
Willis' Adam Garrard recently relocated from London to Singapore to take up the post of chief executive for the broker's Asian operations. He talks to Post about why he made the move.
Willis' newest office opens in China
Willis has opened its 22nd office, the firm's second office in China this year.
Willis to open 22nd Chinese branch
Willis China, the Chinese arm of broker Willis Group, has received approval from the Chinese Insurance Regulatory Commission to open a new office in Harbin, the capital city of Heilongjiang Province in north east China.
Typhoon Bolaven makes landfall in North Korea
Typhoon Bolaven made landfall in North Korea north of Pyongyang, the country's capital, at about 1100 on 28 August after weakening to borderline tropical storm/typhoon strength (120km/h 10-minute sustained winds), according to the Japan Meteorological…
Great Eastern CEO hails stake sale as "significant step" in China expansion
Great Eastern Holdings has entered into a conditional sale and purchase agreement with Chongqing City Construction Investment to sell 25% of its equity interest in Great Eastern Life Assurance (China) Company for RMB303m (£32m).
Global expansion key to Lloyd's competitiveness
The Lloyd's market needs to expand its global reach to remain competitive in the future, according to a new report by Guy Carpenter.
America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
JLT Re plans continued expansion in Asia
JLT Reinsurance Brokers is continuing expansion of its operations in Asia with a particular focus on China.
Ping An Group sees 9.4% growth in net profit
Ping An Insurance Company of China has maintained growth above the industry average amid complex economic and market environment for the first half of 2012.
CNinsure moves to e-commerce as H1 costs rise by 32%
Chinese intermediary CNinsure Inc is changing its long-term strategy to include a focus on e-commerce after its half year results saw costs grow by 32.1%.
Reinsurers more risk-focused after Asian catastrophes
The spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite according to Fitch Ratings.
Chinese insurance complaints up 127% in 2012
The China Insurance Regulatory Commission received 6 176 complaints from insurance customers in the first half of 2012, up 127.23% compared to the same time in 2011.
China to expand investment options for insurers
The China Insurance Regulatory Commission is expected to announce policies to improve the competitiveness of insurers through an expansion of their permitted scope of investment.
Reinsurers take stock of Asia-Pacific risks
Reinsurers are bracing themselves for the next catastrophe in the Asia-Pacific region following the spate of catastrophes over the last two years, according to Fitch Ratings.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Chinese car insurance market faces further losses
Insurers operating in China's compulsory motor insurance market face further significant underwriting losses in the next two years due to rising claims, tightly regulated pricing and the potential for further competition.
Liberty Mutual receives CIRC approval to open Shandong branch
Liberty Mutual Insurance Group has been granted approval to establish a branch in Shandong province by the China Insurance Regulatory Commission.
China's PICC sees 23.6% rise in profit thanks to motor
China's state-owned PICC Property and Casualty Co has posted a 23.6% rise in net profit for the first six months of the year.