5 biggest listed insurers report huge profit plunge in July-Sep quarter

Published on November 3, 2023
China's five biggest listed insurance companies posted net profits attributable to shareholders of the parent company of more than CNY156.9bn ($21.5bn) in the first three quarters of this year,
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Building long-term relationships with reinsurance partners has “been key” for AIG: CEO Zaffino

November 2, 2023
During AIG’s Q3 2023 earnings call, Chairman & Chief Executive Officer, Peter Zaffino, explained how building long-term strategic relationships with the company’s reinsurance partners has “been key” for repositioning the firm.Zaffino noted how conflicting views have emerged in the market on the combination of gross portfolio underwriting with the strategic use of reinsurance.He said: “There have b

Authorities lengthen assessment horizon for insurers to focus on long term equity investments

November 3, 2023
China has revised its method of assessing the performance of state-owned commercial insurance companies, with the focus on the long term, according to a circular of the Ministry of Finance released