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The China Insurance Regulatory Commission (CIRC) yesterday approved the establishment of an asset management company by Sino life insurance Co., Ltd. in Hong Kong, being the first like company announced publicly after the CIRC promulgated policies on the management of oversea investment by insurance capitals on October 22. The asset management company set up by [...]
New China Life Insurance Q1-3 Net Up 2.42%
November 1st, 2012 
gary New China life insurance Co., Ltd. (NCI, SHSE: 601336 and SEHK: 1336) posted a net profit of CNY 2.324 billion for the Q1-3 period of 2012, up 2.42% from a year ago. Basic earnings per share stood at CNY 0.74, dropping 30.2% year on year. Net assets per share touched CNY 11.05, mounting 10.1% from [...]
Ping An Insurance Q3 Net Hit CNY2.126bn
November 1st, 2012 gary Ping An Insurance (Group) Company of China Ltd. (SHSE: 601318 and SEHK: 2318) released its Q3 results yesterday, posting a net profit of CNY 2.126 billion. That compared with CNY 6.064 billion in Q1 and CNY 7.895 billion in Q2. The dual-listed company ascribed the net profit fall in Q3 mainly to a widening of [...]
Advice for Personal Injury Claims
October 12th, 2012 gary If you have a personal injury claim, where do you go to for advice? Here are some of the Advice for Personal Injury Claims : Most people only have one accident in their life and therefore when they have an accident it is the first time that they have needed a personal injury solicitor to [...]
How to Get Loan Secured on Car
October 12th, 2012 gary Nowadys, Traveling with public transport is really hectic –a- day and waiting for cab is also not preferable but lack of fund is big hurdle when it come to buying a car as people with the fixed salary can’t even thing of buying a car because they have to cash upfront which they don’t have [...]
ING to Sell 50% of ING-BOB Life Insurance
October 9th, 2012 gary Internationale Nederlanden Group (ING) is looking for buyer of a 50% equity in ING-BOB life insurance Co., Ltd. and intends to sell it to an overseas company with operation experience in international insurance, said people familiar with the matter.
7 Fund Firms Nodded for Managing Insurance Capitals
October 9th, 2012 gary The China Insurance Regulatory Commission (CIRC) yesterday announced that nine institutions are approved for the management of insurance capitals, including seven fund companies, namely, Bosera, Dacheng Fund Management, Huaan Funds, HFT Investment Management, Huatai-PineBridge, Harvest Fund and Lion Fund Management. On July 23, the CIRC promulgated interim measures for the management of entrusted investment of [...]
Japanese Insurers Stop Strike Insurance for Home Firms
October 9th, 2012 gary Japanese major damage insurers have suspended offering related insurance service to Japanese companies when they meet strikes in China. Earlier, Japanese insurers offered damage insurance to losses of Japanese companies incurred from strikes according to auxiliary clauses for fire and indemnity insurance. Most of the Japanese companies that have business in China have participated in [...]
China Continent Becomes CBA Partner
October 9th, 2012 gary A press conference was held yesterday in Beijing revealing the cooperation between China Continent Property and casualty insurance Co., Ltd. and the Chinese Basketball Association (CBA). An official attending the conference pointed out that the company is eyeing the brand influence of the CBA, in line with its nationwide development strategy. Besides, China Continent hopes [...]
July Insurance Investment Surges by CNY124bn
August 27th, 2012 gary On August 22, the China Insurance Regulatory Commission (CIRC) released performance of insurance sector from January to July. During this period, direct written premium income totaled CNY 958.658 billion, up 5.87% year-on-year. Premium income from property insurance stood at CNY 312.351 billion, rising by 14.56% year-on-year. That from life insurance was CNY 646.307 billion, down [...]
Ping An Insurance: H1 Net Grows 9.4%
August 27th, 2012 gary Ping An Insurance (Group) Company of China Ltd. (SHSE: 601318; SEHK: 2318) gained CNY 13.96 billion in net profit in the first half of 2012, up 9.4% year on year and bucking the trend. The company released its semi-annual report on August 24. The earnings per share were CNY 1.76. The board of directors has [...]
American Realty Capital Properties’ underwriters use greenshoe option in full
July 10th, 2012 gary The underwriters of American Realty Capital Properties Inc’s (NASDAQ:ARCP) share issue, which closed on 18 June 2012, have taken full advantage of their option to upsize the offering, the US real estate investment trust said on Monday. Robert W. Baird & Co Incorporated, Ladenburg Thalmann & Co Inc and JMP Securities LLC acted as representatives [...]
