SYDNEY, July 31 - Australian rural services firm Elders Ltd <ELD.AX> has struck a deal to sell its insurance division to QBE <QBE.AX> for as much as A$300 million ($248 million), the Australian paper reported...
WASHINGTON, July 30 - A leading U.S. senator drafting legislation to revamp the healthcare system said on Thursday that new health cooperatives could insure 12...
BEIJING, July 24 - China's life insurers face a shortage of long-term fixed-income investment options, preventing the sector from focusing on long-term savings and protection products, a report showed on Friday. The study by consulting...
Insurance to protect the financial interest
China鈥檚 insurance companies earned an estimated 26.1 billion yuan ($3.82 billion) in profits in the first six months of 2009, a jump of 98 percent when compared with the great loss in the same period last year, Wu Dingfu, chairman of the China Insurance Regulatory Commission, said yesterday. Th...
China Life Insurance Co Ltd<601628><2628><LFC>, the country's largest life insurer in terms of premiums, on Thursday said that its unaudited premium income in the first half of this year amounted to RMB 172.7 billion.The figure represented a 5.2% decline compared with the RMB 182.1 billion it reported...
China Pacific Insurance (Group) Co<601601>, the country's third-largest life insurer by premiums, is set to re-launch its Hong Kong initial public offering in the second half of this year, sources reported.The insurer is in talks with several investment banks on the new share issuance. The company planned to raise more...
China Pacific Insurance (Group) Co<601601>, the country's third-largest life insurer by premiums, on Tuesday announced that its insurance premium income slightly declined 1.47% year on year to RMB 53.8 billion in the first half of this year.The Shanghai-based insurer said in a statement that its life insurance...
WASHINGTON, July 15 - U.S. President Barack Obama said on Wednesday he now supports a requirement that all Americans have health insurance, as long as there are hardship waivers. "I'm now in favor of some...
China's insurance premium income increased 6.4% year on year to RMB 597.55 billion in the first half of this year, said Chen Wenhui, assistant chairman of the China Insurance Regulatory Commission, Reuters reported....