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1 through 20 of 82 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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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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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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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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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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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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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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Qianhai Re Cleared to Start Business in China
Qianhai Re in an interview with A.M.BestTV during the 28th East Asian Insurance Congress in Macau. Reinsurance needs to grow to meet the gap. China's nonlife market is dominated by ...
Source: BestWire   Date: December 12, 2016
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China’s Regulator Proposes New Rules for Offshore Reinsurance
February Taiping Reinsurance (China) Co. Ltd. commenced business in China as the second local reinsurer in the country, in additional to the state-owned China Reinsurance (Group) ...
Source: BestWire   Date: November 28, 2016
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Everest Property Insurance Cleared to Commence Business in Tibet
Tibet Autonomous Region Investment Co. Ltd and other investors to set up a nonlife insurance company in Tibet. A total of 11 companies from Tibet, Sichuan, Chongqing and Xinjiang ...
Source: BestWire   Date: May 23, 2016
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China Gives Fourth Reinsurer, Qianhai Re, the Green Light
News Service, March 2, 2016). Also, Taiping Reinsurance (China) Co. Ltd. has commenced business in China as the second local reinsurer in the country, in addition to the ...
Source: BestWire   Date: March 29, 2016
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Update: China Oceanwide Consolidates Insurance Brand With the Renaming of Minan P&C to Asia Pacific P&C
Property & Casualty Insurance Co. Ltd. to Asia Pacific Property & Casualty Insurance Co. Ltd. as an alignment to the group's insurance brand. China Oceanwide and other shareholders ...
Source: BestWire   Date: March 7, 2016
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China’s Regulator Gives PICC OK To Set Up Reinsurance Company
Beijing with one year's time to prepare the establishment. The state-owned insurance group holds life, nonlife and health care units. Recently, Taiping Reinsurance (China) Co. Ltd. ...
Source: BestWire   Date: March 2, 2016
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China’s First Specialty Marine Insurer Donghai Cleared to Begin Operations
China Insurance Regulatory Commission. Donghai Marine Insurance will offer marine, cargo and transportation, ship construction and marine liability insurance, as well as ...
Source: BestWire   Date: January 12, 2016
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PICC: Premium Rates Dropping Due to Commercial Auto Reforms
News Service, June 1, 2015). For consumer protection, the reform will drive nonlife companies to develop valuable and quality products and services, PICC said. The reform has ...
Source: BestWire   Date: September 10, 2015
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