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1 through 20 of 107 matching documents, best matches first.   Sort by date

Trade Group Seeks to Revive City’s Drive for International Insurance Status
Hong Kong government in its 2023-2024 budget, the think tank said. The HKFI said its proposal also seeks to build more sustainable talent pools for the insurance industry in Hong ...
Source: BestWire   Date: April 17, 2023
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PICC Earthquake Cat Bond Is Third ILS Deal for Hong Kong
China Property & Casualty Reinsurance Co. Ltd. through Greater Bay Re Ltd. (BestWire, Oct. 1, 2021). Peoples Insurance Company of China (Hong Kong) has a current Best's Financial ...
Source: BestWire   Date: December 30, 2022
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AM Best Asia Director: With Slip in 2018 Results, China’s Nonlife Insurers Should Refocus on Profit Ahead of C-ROSS Phase 2
Capital requirements are expected to rise under the second phase of C-ROSS. Subsequent higher capital costs will require insurers look into their strategy and profitability. The ...
Source: BestWire   Date: April 12, 2019
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PICC Group’s Investment Chief Under Disciplinary Investigation
Liu joined PICC Investment in 2007. He had previously worked for China Life's corporate strategy planning unit. Last year, PICC Group's former executive Yincheng Wang was sentenced ...
Source: BestWire   Date: March 25, 2019
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PICC to Cover China’s Supreme Court for Court Payment Risk
The People's Insurance Co. Group of China for the insurer to offer protection against defendants defaulting on court awards, according to a statement from the court. This aims to ...
Source: BestWire   Date: December 6, 2018
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China’s Compulsory Liability Motor Insurance Industry Saw 80 Million Yuan Underwriting Profit in 2017
Aggregated losses totaled 7.1 billion yuan, according to the CBIRC. The sector has recorded an underwriting loss each year for about a decade, since the introduction of this line. ...
Source: BestWire   Date: November 29, 2018
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PICC Group Plans for IPO on Shanghai Stock Exchange
The People's Insurance Co. (Group) of China Ltd. is planning for an initial public offering on the Shanghai stock exchange, according to a statement from the largest nonlife ...
Source: BestWire   Date: October 2, 2018
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China’s Former Insurance Regulation Chairman Pleads Guilty in Bribery Case
Jiangsu Changzhou Intermediate People's Court. Xiang had accepted 19.4 million yuan (US$3.07 million) in bribes for providing assistance to individuals and organizations related to ...
Source: BestWire   Date: June 15, 2018
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People’s Insurance Company of China Cleared to List on Shanghai Stock Exchange
The People's Insurance Co. (Group) of China Ltd. has received approval from the China Securities Regulatory Commission to list on the Shanghai stock exchange, according to a ...
Source: BestWire   Date: June 7, 2018
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Former PICC Executive Sentenced to 11 Years for Corruption
Court of Fuzhou in Fujian province. The court also fined Wang 1 million yuan (US$159,000), together with confiscation of his illegal gains from corruption. He accepted bribes of ...
Source: BestWire   Date: May 25, 2018
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PICC Net Profit Rose 9.9% in 2017
Chinese nonlife insurer's financial statement. Underwriting profit rose 85% to 9.3 billion yuan in 2017, with the combined ratio falling to 97 from 98.1. Investment income ...
Source: BestWire   Date: March 26, 2018
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PICC Pension Insurance Cleared to Commence Business
Insurance Company (Group) of China Ltd., the holding group of PICC Property and Casualty Co. Ltd. PICC Property and Casualty saw a 13.5% rise in net profit to 12.08 billion yuan in ...
Source: BestWire   Date: October 12, 2017
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Update: Former PICC Head Expelled by the Chinese Communist Party on Corruption Charges
...Corrects the party in the headline) People's Insurance Co. (Group) of China Ltd.'s former executive Yincheng Wang has been accused of corruption and misconduct charges, according ...
Source: BestWire   Date: July 6, 2017
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Anbang Chairman Hands Over Duties for the Group
Anbang Property & Casualty Insurance Co. Ltd. and Anbang Life Insurance Co. Ltd. in 2004 and 2010, respectively. Recently, Anbang Life had been banned by the China Insurance ...
Source: BestWire   Date: June 14, 2017
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PICC Group Plans IPO in Shanghai; Nonlife Unit Caps Annual Premiums Ceded to PICC Re at 5 Billion Yuan
The People's Insurance Co. (Group) of China Ltd. has proposed an initial public offering on the Shanghai Stock Exchange, according to a statement from the Hong Kong-listed ...
Source: BestWire   Date: May 18, 2017
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China’s Regulator Approves PICC to Increase Investments in Agriculture and Small-Enterprise Financing Business
Property and Casualty Co. Ltd. In the first quarter of 2017, China's nonlife premium increased 11.5% to 240 billion yuan, according to the CIRC. Liability and agriculture insurance ...
Source: BestWire   Date: May 11, 2017
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China’s Regulatory Chairman Under Disciplinary Investigation
Dingfu Wu, who had retired. Prior to that, he was head of the Agricultural Bank of China, one of the leading Chinese lenders. He was expected to introduce modern and advanced ...
Source: BestWire   Date: April 10, 2017
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PICC Re Cleared to Commence Business
China Ltd (Best's News Service, Jan. 9, 2017). China now has four domestic reinsurance companies. In December 2016, the CIRC granted approval for Qianhai Re to commence business in ...
Source: BestWire   Date: March 6, 2017
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PICC’s Vice Chairman Under Investigation for Alleged Disciplinary Violations
Property and Casualty Co. Ltd.'s vice chairman Yincheng Wang is being investigated for "suspected serious disciplinary violations," said PICC Property & Casualty in a statement ...
Source: BestWire   Date: February 24, 2017
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China’s Regulator Grants Approval to Establish PICC Pension Insurance
The China Insurance Regulatory Commission has granted approval to set up PICC Pension Insurance Co. Ltd. in Beijing, according to a statement from the regulator. PICC Pension ...
Source: BestWire   Date: January 9, 2017
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