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China under pressure amid countrywide COVID-19 resurgence

by AIP Online Bureau | Mar 20, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

China is battling its biggest virus surge in two years and numerous cities have imposed travel bans and lockdowns, including tech hub Shenzhen, which have shaken economic stability and global supply chains. China has clung to a zero-tolerance approach to the virus...
Ping An posts 29% profit drop on China property woes, but sees losses easing

Ping An posts 29% profit drop on China property woes, but sees losses easing

by AIP Online Bureau | Mar 18, 2022 | International News, Life

The insurance group has been shaken in recent quarters by growing concerns about its investments in the highly indebted property sector, which has been hit by a string of developer defaults, credit rating downgrades and slump in shares and bonds SHANGHAI/HONG KONG:...
Swiss Re announces new appointments in Asia and North America

Swiss Re announces new appointments in Asia and North America

by AIP Online Bureau | Mar 18, 2022 | International News, Non-Life, Reinsurance

Ivan Gonzalez has been appointed CEO Reinsurance China and China country president with effect from 1 July 2022 Katie McGrath will succeed Ivan as Regional CEO for Swiss Re Corporate Solutions in North America Russell Higginbotham, chief executive officer Reinsurance...

China weighs exit from ‘zero COVID’ and the risks involved

by AIP Online Bureau | Mar 18, 2022 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic, Policy

Studies of Chinese vaccines suggest they offer significantly less protection against infection from omicron, even after three doses, than a booster shot from a Western vaccine using mRNA technology. A Chinese mRNA vaccine is still in trials One major reason China is...

China asks state insurers to review exposure to Russia, Ukraine

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance

The development underscores Beijing’s efforts behind the scenes to minimize risk to its own institutions even as it continues to maintain strong trade ties with Russia in the face of crippling sanctions imposed by the West on that country Beijing: China has told top...
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