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1 through 18 of 18 matching documents, best matches first.   Sort by date

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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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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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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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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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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China Imposes More Market Stabilizing Measures on Insurers' Equity Investments
China Life Insurance Co. Ltd. during the period of unusual price fluctuations. China's largest life insurance group said it will increase its shareholding in China Life "at an ...
Source: BestWire   Date: July 10, 2015
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PICC Asset Management Gets Approval to Invest Its Own Funds Overseas
China Insurance Regulatory Commission. The CIRC said PICC Asset Management has to designate a commercial bank as the custodian of its overseas assets. The company can invest its ...
Source: BestWire   Date: May 11, 2015
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Improving Profitability Is Key Focus for Nonlife Insurers in China
Best Asia-Pacific Ltd. Capitalization of the nonlife industry generally remains weak in China, but it is expected to improve, according to Cheung's presentation on the China ...
Source: BestWire   Date: February 21, 2014
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China's Motor Insurers Rev Up the Premiums, But Claims Costs Prove Hard to Control
Jenny Lai, consultant at Towers Perrin. Overall, competition and focus on premium growth have come at the cost of profitability, noted Lai. It is impossible to reckon how ...
Source: BestWire   Date: September 1, 2009
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China Life Cautious on Investments as it Warns of 50% Drop in Net Profit
...Week Asia-Pacific in a statement. Last year, investment returns from equity assets are expected to drop significantly because domestic stock markets saw a substantial decline amid ...
Source: BestWire   Date: January 21, 2009
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Chinese Original Insurance Income Up 11% in September
Property and Casualty Co. recorded total original insurance income of 81.89 billion yuan, holding its leading position among property and casualty insurers. Despite American ...
Source: BestWire   Date: October 24, 2008
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China's Insurers Struggle to Diversify Investment Portfolios
China Life Insurance Co. Ltd. lost 7.77 billion yuan on investments. Premium incomes collected from life and nonlife policies grew rapidly in the past decade in China, and the ...
Source: BestWire   Date: September 8, 2008
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China Taps Insurers to Raise Capital for Beijing-Shanghai Railway Project
Taikang Life Insurance Co. and Taiping Life Insurance Co. The insurers will jointly organize an equity investment project to raise capital for the railway. China Reinsurance Group, ...
Source: BestWire   Date: June 25, 2008
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China, Hong Kong Regulators Sign Insurer Investment Deal
Hong Kong regulators. The China Insurance Regulatory Commission and the Securities and Futures Commission of Hong Kong agreed on guidelines for the supervision of overseas ...
Source: BestWire   Date: March 28, 2008
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China Clears Axa Joint Venture to Invest in Hong Kong Stocks
Qualified Domestic Institutional Investor program. Shanghai-based Axa-Minmetals Assurance Co. won approval from the China Insurance Regulatory Commission to invest in Hong Kong ...
Source: BestWire   Date: December 14, 2007
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Investments, Life Sales Boost China's Big Three Insurers; Nonlife Business Lags
China Life Insurance Co. Ltd. (NYSE:LFC), the country's largest domestic insurer, said its dominant position in the life market is getting stronger. The company claims its share of ...
Source: BestWire   Date: September 25, 2006
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