Huize CEO weighs in on changes in Chinese insurance market

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“Personally, I would very much welcome the entry of foreign insurers into the Chinese market as these established industry players would bring in more advanced business philosophies, management practices, as well as better risk management capabilities, which would be highly beneficial for the industry to learn from,” the CEO, who co-founded Huize with five partners in 2006, told Insurance Business.

Ma said Huize maintains good communication and cooperation with many foreign (re)insurers, and that it is this first-hand experience of working with them that has allowed the insurance product and service provider to improve its own business management and develop

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Dick’s Sporting Goods, Lululemon, Apple & more

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Take a look at some of the biggest movers in the premarket:

Dick’s Sporting Goods (DKS) – The sporting goods retailer lost 62 cents per share for the first quarter, wider than the 57 cents a share loss expected by Wall Street. Revenue and comparable-store sales also missed estimates, amid Covid-19-related store closures. Dick’s did see a 110% surge in e-commerce sales during the quarter, and added that the current quarter has gotten off to a strong start.

Lululemon (LULU) – Wells Fargo Securities downgraded the athletic apparel retailer to “equal weight” from “overweight,” saying the stock’s risk/reward profile is

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Oil drops over $1 on oversupply after OPEC+ delays meeting

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SINGAPORE/NEW YORK (Reuters) – Oil prices slipped more than $1 a barrel on Monday, after the world’s top producers delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand.

FILE PHOTO: An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region, Russia on March 11, 2019. REUTERS/Vasily Fedosenko//File Photo

Brent crude LCoc1 slipped close to $30 a barrel in early trade and was at $32.82 by 0203 GMT, down $1.29, or 3.8%. West Texas Intermediate (WTI) crude CLc1

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New Jersey permitted to reopen movie theaters Friday

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A movie theater marquee in Cranford, New Jersey.

Kirkikis | iStock Editorial | Getty Images

New Jersey Gov. Phil Murphy on Monday gave permission to movie theaters in the state to reopen at a limited capacity on Friday.

In order to reopen, theaters must require masks, implement social distancing guidelines when it comes to seating and can operate at only 25% capacity, up to 150 people.

Patrons who purchase tickets together may be seated next to each other, but separate groups must be separated by at least six feet.

New Jersey was one of only four states that had not

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