Core Viewpoint - Tianan Property Insurance Co., Ltd., under the "Ming Tian" group, announced that it will be unable to repay its capital supplement bonds on time, marking the first default in the insurance industry [1][2]. Group 1: Company Announcement - On September 30, Tianan Property Insurance announced that it expects to be unable to repay the principal and interest of its 2015 capital supplement bonds, which are due on September 30, 2025 [1]. - The total issuance amount of the bonds is 5.3 billion RMB, with a fixed interest rate for the first five years and an increased rate for the subsequent five years [1]. - The company can only repay the bonds if its solvency ratio is above 100% after ensuring the repayment of other liabilities [1][2]. Group 2: Regulatory Actions - The National Financial Supervision Administration has publicly disclosed penalties against Tianan Property Insurance for various violations, including discrepancies in governance reports and unauthorized actions by senior management [4][6]. - The company has had its business license revoked, and several responsible individuals have been fined a total of 2.53 million RMB [4][6]. - Certain individuals have been banned from the insurance industry for varying periods, with some facing lifetime bans [7]. Group 3: Company Background - Tianan Property Insurance, established in January 1995, is the first shareholding commercial insurance company funded by enterprises in China, with a registered capital of 17.76 billion RMB [7]. - The company operates 33 secondary institutions and 966 tertiary institutions across most major administrative regions in China, excluding Hong Kong, Macau, Taiwan, Tibet, Qinghai, Ningxia, and Inner Mongolia [7].

金融监管总局对华夏人寿保险股份有限公司吊销业务许可证。 在落实"双罚制"方面，金融监管总局对李飞、赵子良、彭晓东、于振亭、李建伟、贾春伟、张峰、项子 强、朱友干、王国强、姚志刚、何建奎、蔡可青、邹明红、提建设、王林锋、洪军、姜峰、房延瑞、万 进、马捷、赵杰、马登峰警告并罚款共计232万元。 此外，金融监管总局对张峰、王国强、房延瑞禁止进入保险业1年；对李建伟禁止进入保险业3年；对贾 春伟禁止进入保险业5年；对于振亭禁止进入保险业8年；对赵子良、洪军禁止进入保险业10年；对李 飞、彭晓东终身禁止进入保险业。 据华夏人寿此前披露，李飞曾担任华夏人寿董事长，赵子良曾任华夏人寿总经理，彭晓东曾任华夏人寿 董事会秘书，于振亭曾任华夏人寿审计负责人，李建伟曾任华夏人寿总精算师，贾春伟、张峰、王国强 曾任华夏人寿董事。 金融监管总局还对李飞、赵子良、彭晓东、于振亭、李建伟、贾春伟、张峰、朱友干、王国强、何建 奎、蔡可青、洪军撤销任职资格。 2020年7月17日，原银保监会宣布依法对天安人寿、华夏人寿等六家机构实施接管，接管期限一年。 2021年7月16日，原银保监会宣布对上述机构接管期限延长一年，至2022年7月16日止。 ...