The stability of Guoren Property and Casualty Insurance's underwriting profitability is expected to be tested, says Fitch Ratings.
Markel has appointed Mr George Ke as professional and financial risk and cyber underwriter, Mr Martin He as marine underwriter and Ms Wang Lei as manager of model analytics and reporting.
State-owned financial investment company, Dalian State-owned Financial Capital Operation Co (Dalian FCO) has become the largest shareholder of Aeon, ousting Chinese property giant Dalian Wanda Group from the topmost position.
Shenergy Property & Casualty Insurance Co has opened officially for business, marking the occasion with an inauguration ceremony on 9 May.
Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.
The average vehicle premium of nearly 60% of the 62 motor insurance companies that have provided such data declined in the first quarter of this year compared with the fourth quarter of last year.
The National Financial Regulatory Administration (NFRA) has granted approval to Shenzhen BYD Property Insurance to adopt statutory automobile liability insurance (SALI) terms and premium rates in eight markets in China.
As real estate investment and property sales continue to decline in China despite recent policy adjustments, the sector acts as a drag on the overall economy, writes Ms Yingrui Wang, China Emerging Market Economist of AXA IM Core Research.
Winter storms in February and massive floods in April in China have intensified attention on natural catastrophe insurance, particularly multi-hazard coverage.
Although the capital market in China in 2023 was in the doldrums, insurance asset management companies' overall performance last year was basically stable, with a slight growth. This was after experiencing a significant decline in revenue and profits in 2022.