China

Russia to support Iran sanctions

Russian president Dmitry Medvedev has said that he still hopes to avoid new punitive measures, but added Russia could not wait forever for cooperation by Tehran.

Insurer to branch out

International medical insurer ALC Health has revealed plans to open additional offices in the Far East and Eastern Europe over the next 12 to 18 months, after appointing a new head for Europe.

Pick of the week

Kerry London raise funds for acquisition drive; Lamp plans stock market flotation; DAS set to announce 2009 loss; GAB director defects to Cunningham Lindsey.

Axa Taikang Life sale on hold

The auction for Axa's stake in China's Taikang Life has been put on hold amid growing concerns about new rules drafted by China's insurance regulator

From EC3 to the EC

The results of a member feedback survey have spurred Lloyd's of London on to extend its market share by opening more offices in Europe. However, not everyone is convinced by this strategy, as Sam Barrett reports.

PICC raises $732m

PICC Property & Casualty, China's largest non-life insurer in terms of premiums, has completed the issuance of RMB 5bn worth of ten-year subordinated bonds (circa $732m).

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