Article: HUATAI INSURANCE APPROVED TO ESTABLISH LIFE INSURANCE COMPANY


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 ...

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