Fosun insurance profits drop 43% in H1

Chinese conglomerate Fosun has reported a 43.5 percent fall in
profits from its insurance ventures to 1.01bn yuan ($150mn) for the
first half of the year.
Group-wide profits rose by 21.4 percent to 4.39bn yuan.
The group attributed the decline in insurance profits to the
weak global economy and the shrinking insurance industry.
Fosun noted this despite a 145.6 percent year-on-year increase
in insurance revenues to 13bn yuan, driven by M&A activity and
a rise in premiums for most of...