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Article: HUATAI INSURANCE APPROVED TO ESTABLISH LIFE INSURANCE COMPANY
- Article from:
- AsiaInfo Services
- Article date:
- July 27, 2004
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AsiaInfo Services
07-27-2004
Huatai Insurance Approved to Establish Life Insurance Company
CHINA, Jul 27, 2004 (SinoCast via COMTEX) -- Huatai Insurance, the first P&C stock company in China with national franchise, has been approved to establish a life insurance company, Huatai Life Insurance Company.
It is reported that Huatai Life Insurance has begin construction recently.
As a sponsor, Huatai insurance will jointly build this company with the other two sponsors ACE of the US and CRC of Hong Kong.
This life insurance company formation is a strategy for Huatai Insurance's development and a reflection of its resource advantage, said Wang Zimu, chairman of Huatai Insurance.
He also ...