Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, announced yesterday that its net profit attributable to shareholders was RMB 6.92 billion in the first three quarters of this year, versus a net loss of RMB 534 million recorded in the same period of last year.Basic earnings per share...
Even if you don't think you've got anything of great value, you probably do - more than you could comfortably afford to replace in the event of a bad burglary or a fire. No matter how careful you may be with your own apartment, you can't control your neighbors. They can leave your security gates open, buzz ill-intentioned strangers into your building, or fall asleep with a cigarette in hand and start a serious fire. While your landlord's insurance may cover the building itself, the insurance will not cove
BEIJING, Oct 22 - China is allowing insurers to invest 40 percent of their assets in corporate debt, up from 30 percent now, so they can improve their asset allocation and spread risks. The new...
BEIJING, Oct 22 - Chinese insurers will be allowed to invest 40 percent of their assets in corporate debt, up from 30 percent now, according to the China Insurance Regulatory Commission. A directive from the...
* Democrats crank up pressure on insurance industry * Repeal of antitrust exemption could be in health bill WASHINGTON, Oct 21 - Congressional Democrats moved on Wednesday to repeal the health insurance industry's exemption from...
BEIJING, Oct 19 - China Great Wall Asset Management Corp, a state-owned firm formed to clean up banks' bad debts, said it had launched a life insurance joint venture with Nippon Life Insurance, Japan's biggest...
BEIJING, Oct 18 - Growth of China's insurance premiums quickened in the first nine months of the year as business was better than expected, the industry regulator said on Sunday. Premiums in the first three...
TAIPEI, Oct 14 - Beleaguered U.S. insurer AIG has agreed to sell its Taiwan unit Nan Shan Life for $2.15 billion to Primus Financial and its Chinese partner China Strategic Holdings. Here are key merger...
A branch of China Life in Nanjing, Jiangsu Province. Insurance companies are getting ready to invest directly in real estate. Photo: IC By Zhao Qian New regulations permitting insurance companies to directly invest in real estate took effect October 1, but analysts say they will not have a major ...
* Sanctions talk aimed at pressuring Iran to cooperate * U.S. lawmakers favor gasoline sanctions, but others wary * Marine insurers seen as key to any sanctions push (Adds U.S. official's comment on banking sector...