China Regulator Urges Insurers to Avoid ‘Reckless’ Offshore Investments: Report

A senior Chinese insurance regulator warned against the industry’s reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities Times reported on Thursday. Chen Wenhui, vice chairman of the China Insurance Regulatory Commission (CIRC) urged insurers to …

from News – Insurance Journal