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  • October 2, 2014
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  1. Business - Money - INSURANCE

    Munich Re targets new insurance niche with Hong Kong regional base

    Posted Sep 29th 2014, 03:58am by JING YANG

    ... Jing Yang jing.yang@scmp.com Insurer sets up new regional underwriting operation as it shifts focus to underserved markets such as natural disasters Munich targets new niche with HK ... marine partnership, the new set-up was spun off from the traditional property and casualty division under which most insurers and reinsurers wrote their marine risks, including ocean hull, cargo, ...

    http://www.scmp.com/business/money/markets-investing/article/1603540/munich-re-targets-new-insurance-niche-hong-kong
  2. News - China Insider - Electric vehicles

    Chinese Tesla owners complain of insurance hassle and long delays for repairs

    Posted Sep 23rd 2014, 12:01pm by James Griffiths

    ... and processing insurance claims. According to Chinese financial news site Jiemian, after damaging his Model S one Beijing owner has waited for more than two months while Tesla negotiates with his insurance company. Under Chinese insurance law, policyholders are usually covered for the cost of repairs. However, when it comes to serious damage, Tesla insists that certain components, namely ...

    http://www.scmp.com/news/china-insider/article/1598604/chinese-tesla-electric-vehicle-owners-complain-long-delays
  3. Business - Companies - SHIPPING

    Marine insurers warn of Arctic route risks

    Posted Sep 24th 2014, 03:47am by JING YANG

    ... Jing Yang jing.yang@scmp.com Lack of search and rescue capacity in remote region a key concern Marine insurers warn of Arctic route risks Maritime insurers have warned of potential ... in the Arctic," Stein Are Hanson, the head of the loss prevention and emergency response department at Norwegian Hull Club, a marine insurer, said in Hong Kong yesterday on the sidelines of the annual ...

    http://www.scmp.com/business/companies/article/1599107/marine-insurers-warn-arctic-route-risks
  4. Business - Banking & Finance - REGULATION

    China to allow insurers to raise funds through preferred shares

    Posted Sep 20th 2014, 05:10am by Kwong Man-ki

    ... Insurers to get extra channel to raise funds The mainland plans to allow insurers to issue preferred shares in a step to widen their funding channels to bolster solvency while pursuing growth. The China Insurance Regulatory Commission had sent a circular to companies seeking their opinions on the issuance of preferred shares, the Shanghai Securities News said yesterday. Insurers were ...

    http://www.scmp.com/business/banking-finance/article/1596373/china-allow-insurers-raise-funds-through-preferred-shares
  5. News - World - UNITED STATES

    US officials say 100,000 immigrants face losing health-care insurance

    Posted Sep 16th 2014, 10:45pm by WASHPOST

    ... The Washington Post 100,000 immigrants risk eligibility and many more face loss of premium assistance Many face the loss of US health insurance US health officials say more than 100,000 immigrants who bought health-care plans through the federal insurance exchange will have their coverage cut off at the end of the month, because they failed to provide proof by the September ...

    http://www.scmp.com/news/world/article/1593997/us-officials-say-100000-immigrants-face-losing-health-care-insurance
  6. Business - Banking & Finance - BONDS

    Taiwan insurers' cash pile lures US banks

    Posted Sep 11th 2014, 06:02am by Bloomberg

    ... Bloomberg in Taipei Rule change on island unlocks billions for investment, leading to surge in US dollar bond issuance by American financial institutions Taiwan insurers' cash pile ... by the island's insurance companies. Goldman sold US$974 million of 30-year notes last month in the largest such issuance on the island, leading US$7.3 billion in greenback debt offerings this year, ...

    http://www.scmp.com/business/banking-finance/article/1589583/taiwan-insurers-cash-pile-lures-us-banks
  7. Business - China Business - REGULATION

    Chinese insurers fined 111m yuan over price fixing in car policies

    Posted Sep 03rd 2014, 10:19am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com China’s anti-monopoly regulator has slapped a fine of 111 million yuan (HK$139.86 million) to an insurance association and 23 property insurers in Zhejiang province for fixing prices on car insurance policies. The Zhejiang Provincial Insurance Association and the 23 property insurers in the eastern province were found guilty ...

    http://www.scmp.com/business/china-business/article/1584278/chinese-insurers-fined-111m-yuan-over-price-fixing-car
  8. News - Hong Kong - BUSINESS

    Insurance may cover any losses by retailers during Occupy Central

    Posted Aug 29th 2014, 12:11am by Enoch Yiu, TIFFANY AP

    ... Enoch Yiu and Tiffany Ap Insurance may cover any lossesby retailers Some retailers and hotel groups will be covered by insurance against potential business losses should large protests stall business in Central. Companies have bought business interruption insurance policies that covers them if fire, water damage or riots mean the cannot open or conduct business. Some factories ...

    http://www.scmp.com/business/economy/article/1581568/insurance-may-cover-any-losses-retailers-during-occupy-central
  9. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland insurer targeting petrol station chain after reporting 13pc rise in first-half net profit China Life in bid for Sinopec unit China Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit
  10. Business - Money - INVESTMENT

    Expat investors launch suits against advisers, trustees and insurance firms

    Posted Aug 28th 2014, 11:51am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com Financial advisers, trustees and insurance firms being taken to court in bid to recover losses in Australian investment product Expat investors launch suits over failed fund Expatriate investors in a failed Australian mortgage fund have started to sue financial advisers, pension fund trustees and listed life insurance companies ...

    http://www.scmp.com/business/money/article/1581400/expat-investors-launch-suits-against-advisers-trustees-and-insurance

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