As the United Kingdom moves toward a new system of financial services regulation, the insurance sector may find itself struggling to be heard, according to Pollyanna Deane, a partner in the London law firm of Berwin Leighton Paisner LLP. “It’s almost been assumed that insurance won’t have a role to play and that they are [...]
Archive for December, 2010
Chinese Insurers Need More Investment Options to Offset Risks
Solvency requirements and capital reserves among Chinese insurers are unlikely to limit their investment capabilities, but Swiss Re noted that constraints on permissible investment products are limiting domestic insurers’ investment options and their appetite for and ability to shoulder risk. In China, capital markets have not been fully developed, particularly on the fixed income front. [...]
Cathay Insurance Opens Guangdong Branch
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 [...]
Taiwan’s Cathay Financial signs marketing deal with NBA
Taiwan’s CATHAY financial HOLDING CO. (TAIEX:2882) will soon issue credit cards and other financial products and souvenirs featuring top National Basketball Association (NBA) players, the company announced on Monday. Under an agreement it reached with the league, Cathay Financial Holdings’ businesses in the banking, insurance, securities brokerage and venture capital sectors will be the only [...]
Sinosure Backs Fujian Exports
China Export & Credit Insurance Corporation (Sinosure) is estimated to help Fujian, a province in the southeast of the country, achieve an export value of USD 5.3 billion this year, leaping about 70 percent from last year, and the growth rate is forecast at 25 percent, according to a head for Sinosure local branch. Sinosure [...]
RSS Feed
Posted in
Tags: