(Bloomberg) -- American International Group Inc.,
the world's largest insurer, won approval to start a new Chinese
subsidiary that should make it easier to add branches selling
property and liability insurance.
The China Insurance Regulatory Commission authorized the
creation of AIG General Insurance Company China Ltd., a wholly
owned subsidiary headquartered in Shanghai, the New York-based
insurer said in a statement today. The license is expected to
help AIG expand its property and liability operations beyond
Shanghai, Guangdong, and Shenzhen.
Read more at Bloomberg Emerging Markets News
the world's largest insurer, won approval to start a new Chinese
subsidiary that should make it easier to add branches selling
property and liability insurance.
The China Insurance Regulatory Commission authorized the
creation of AIG General Insurance Company China Ltd., a wholly
owned subsidiary headquartered in Shanghai, the New York-based
insurer said in a statement today. The license is expected to
help AIG expand its property and liability operations beyond
Shanghai, Guangdong, and Shenzhen.
Read more at Bloomberg Emerging Markets News
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