ACE Strategic Partner Huatai Approved to Establish Life Insurance Operation in China.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The ACE Group of Companies announced today that Huatai Life Insurance Company, a subsidiary of the Huatai Insurance Company of China, has received approval from the China Insurance Regulatory Commission (CIRC) to commence life insurance operations. "Huatai is our partner in China, a rapidly-developing and dynamic country, and we are pleased to receive a license to conduct life insurance business," said Evan Greenberg, President & Chief Executive Officer of ACE Limited. "We view a life presence in China as the centerpiece of our life insurance strategy in Asia. We have and will continue to provide management and technical support to ensure the success of Huatai Life." Headquartered in Beijing with branches in 26 cities in China China is a geographical area encompassing multiple territories, under two states. You may be looking for:
The ACE Group of Companies is a global leader in insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. serving a diverse group of clients. Headed by ACE Limited (NYSE NYSE See: New York Stock Exchange : ACE), a component of the Standard & Poor's 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. in more than 50 countries. Additional information can be found at: www.acelimited.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion