Cathay is first Taiwan insurer to set up shop in China.Taiwan's largest life insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. is doing business in mainland China through a joint venture with a Chinese Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. airline, the first life insurer from Taiwan to do so. Cathay Life Insurance Co. Ltd. has set up operations in Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. through a joint venture with China Eastern Air Holding Corp., according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the official China news agency Xinhua. The China Insurance Regulatory Commission approved the joint venture with China Eastern Air in April 2004. The joint venture makes Cathay Life the first Taiwanese insurer to do business on the mainland, Xinhua reported. |
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