RSS Feed
based China Pacific Insurance (Group) Co. Ltd. said its first-half net profit rose 44.7% due to the rapid growth of life insurance profitability and significant underwriting profit improvement in property/casualty insurance. Net profit rose to 5.82 billion yuan (US$911 million) from 4.02 billion yuan a year earlier. life insurance net profit was 2.79 billion yuan, [...]
Archive for the ‘Property Insurance’ Category
China Pacific’s First-Half Profit Rises 45% on Life Growth, Underwriting Improvement
Posted by gary on August 30th, 2011
Ping An Property Insurance OKed to Add Capital to CNY17bn
Posted by gary on June 27th, 2011
Ping An Insurance (Group) Company of China (SHSE: 601318, SEHK: 2318) states that its property insurance unit won a regulatory approval to increase registered capital from CNY 5 billion to CNY 17 billion. While ensuring rapid growth of Ping An property insurance business, the capital expansion will meet requirements on insurance capacity and maintain solvency [...]
Herald-Tribune wins Pulitzer for series on Fla.’s insurance industry
Posted by gary on April 19th, 2011
Two-year investigation, St. John examined the arcane property insurance system and created a unique database that assessed insurer reliability. “While hurricanes may have gotten more dangerous, the reason we are paying more is we have a whole new system driving the insurance market,” said Chris Davis, St. John’s editor on the series and the newspaper’s [...]
Pacific Property Insurance Underwrites Shanghai Disneyland
Posted by gary on April 18th, 2011
China Pacific Property Insurance Co., a subsidiary of China Pacific Insurance Group, acts as leading underwriter for the first phase of Shanghai Disneyland Resort. The insurer underwrites contractors all risks and third-party liability insurance for the site forming on A-1 land in Chuansha Town and construction of municipal road and auxiliary facilities with a total [...]
Cathay Insurance Opens Guangdong Branch
Posted by gary on December 21st, 2010
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 [...]
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 »Bohai Property Insurance to further Add Capital
Posted by gary on October 23rd, 2010
The senior management of Bohai Property Insurance Co. Ltd. discloses that CNY 900 million for the second round of capital injection has been put in place and the company has filed with the China Insurance Regulatory Commission for approval. The Tianjin-based insurance company will see its capital base expand to CNY 2 billion after the [...]
IDS Property Casualty Insurance Company Rating
Posted by gary on August 31st, 2010
.M. Best Company has made the following rating update: Company: IDS Property casualty insurance Company AMB Number: 3563 Current Rating: A Previous Rating: A Incorporated by Ciak, Kenneth J., Dianne L Wilson, Larry W Frazier, Rebecca A Nash, Thomas R Moore, Walter S Berman, Ids Property casualty insurance Company is located at 3500 Packerland Dr [...]
Property Insurers Start Making Profit
Posted by gary on August 19th, 2010
Property insurers in the Chinese market begin making profit this year after a long-term loss-making operation. Statistics from the China Insurance Regulatory Commission (CIRC), the top Chinese insurance regulator, show that the premium revenue they captured in the first half of the year reached CNY 201.8 billion, soaring 33.5 percent year on year, with underwriting [...]
