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Cathay Insurance Co., Ltd. opened its Guangdong branch on December 20, becoming the first Taiwanese non-life insurance operation there. The Guangdong branch will primarily provide property insurance for enterprises and cargo transportation insurance as well as will introduce product liability insurance that is popular in Taiwan into the mainland. Cathay Insurance, a 50/50 joint venture [...]
Posts Tagged ‘Property Insurance’
Cathay Insurance Opens Guangdong Branch
Posted by gary on December 21st, 2010
Posted in Property Insurance 
Tags: Cargo Transportation, Cathay, Century Insurance, Fujian, Fuzhou, Guangdong, Initial Stage, Insurance Co Ltd, Insurance Operation, Kunshan, Life Insurance Co, Product Liability Insurance, Property Insurance, South China, Southeastern China, Taiwanese Business, Taiwanese Enterprises, Target Clients, Target Markets, Transportation Insurance 
No Comments »PICC Life Made More-than-Expected Profits
Posted by gary on December 2nd, 2010
PICC Life, the life insurance unit of Beijing-based People’s Insurance Company (Group) of China Limited (PICC), has been performing strongly in the profit making during the five years since its inception. Over the past year, the life insurer realized the net profits of CNY 44 million and during the first 10 months of this year, [...]
Posted in Life Insurance Tags: Assets Management, Company Group, Dual Listing, Financial Subsidiaries, Insurance Arm, Insurance Assets, Insurance Health, Insurance Life, Life Insurance Company, Life Insurance Health Insurance, Life Insurance Unit, Life Insurer, Life President, Member Companies, Net Profits, Parent Group, Property Insurance, Stock Markets, Wu Yan No Comments »Two Chinese Insurers Join Underwriting of ITER Project
Posted by gary on November 17th, 2010
Ping An Property Insurance Co. and China Pacific Property Insurance Co. have become co-insurers of contractor’s all risks for International Thermonuclear Experimental Reactor project (ITER), recommended by the Ministry of Science and Technology of China (MOST). According to the MOST announcement, the two insurers will account for 3% of the overall contractor’s all risks insurance, [...]
Posted in Insurance News Tags: Cadarache, Casualties, Coverage Period, European Union, Insurance Co, Insurance Service, International Thermonuclear Experimental Reactor, Japan Korea, Natural Disasters, Premiums, Property Insurance, Reactor Project, Risks Insurance, Science And Technology, Service Contracts, Source Of Energy, Southern France, Sustainable Source, Thermonuclear Experimental Reactor, Zurich Insurance No Comments »CHINESE INSURERS TO REPORT THEIR PROPERTY, EQUITIES INVESTMENTS
Posted by gary on November 9th, 2010
The China Insurance Regulatory Commission (CIRC) on Friday issued a circular requiring insurance companies to report their investments in real-estate projects and equities of non-listed companies. The move aims to strengthen the supervision of insurers’ investments, said the CIRC. The insurance regulator also urged insurance companies to provide analysis reports on their real-estate investments, including [...]
Posted in Insurance News Tags: China Insurance Regulatory Commission, Circ, Estate Projects, Information System, Insurance, Insurance Capital, Insurance Companies, Insurance Regulator, Investment Conditions, Listed Companies, Management Modes, Property Insurance, Property Investments, Quarterly Basis, Real Estate Investments, Solvency, Supervision No Comments »
