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Chartis eyes growing insurance needs
Chartis, the property and casualty arm of American International Group, will keep expanding in China, one of the key growth markets, its chief executive officer said yesterday in Shanghai. The…
New chiefs of China’s banking, securities, insurance regulators appointed
Shang Fulin, former chairman of China Securities Regulatory Commission (CSRC), has been appointed as chairman of China Banking Regulatory Commission, according to a spokesman with the Communist Party of China…
China Life’s Q3 profits down 46%
China Life Insurance Company Limited, the nation’s largest life insurer, said Thursday that its net profit in the third quarter dropped 46 percent year-on-year, dampened by falling premium revenue and…
Ping An profit rises 13.8% in Jan-Sept
Ping An Insurance (Group) Co, China’s second-largest insurer, said Thursday its profit rose 13.8 percent year-on-year to reach 14.52 billion yuan ($2.28 billion) for the first three quarters of 2011.…
Insurer sheds as profit falls 36% in Q3
SHARES of China Pacific Insurance Co, the nation’s third-biggest insurer, dropped by the most in three weeks in Shanghai yesterday, after reporting worse-than-expected profit in the third quarter due to…
China Jan-Aug insurance premium tops 1 trln yuan: CIRC
Chinese insurance companies’ premium income topped 1.01 trillion yuan (157.9 billion U.S. dollars) in the first eight months of 2011, the China Insurance Regulatory Commission (CIRC) said on its website.…
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