Published on Atlas Magazine (https://www.atlas-mag.net)

Home > Printer-friendly

Chubb consolidates its activities in China

Tweet [1] [2]
Magazine Issue: 
Cyber risks: insurance up against high technology [3]
Magazine date: 
Oct 2019

ChubbChina's insurance regulator has authorized Chubb to increase its shareholding in Huatai Insurance. The Swiss insurer, headquartered in Zurich, controls henceforth 30.9% of the capital of the Chinese joint venture against 26.2% previously. This percentage is likely to go up in the future, according to chubb's management.

In China, Huatai Insurance has a network of 600 branches with a portfolio of nearly 11 million customers. For its part, Chubb Limited, listed on the New York Stock Exchange, already operates in several Chinese regions namely Beijing, Shanghai, Jiangsu and Guangdong.

Read also | Allianz, first 100% foreign-owned insurance company in China [4]

Mon, 25/11/2019 - 10:39

Source URL: https://www.atlas-mag.net/en/article/chubb-consolidates-its-activities-in-china

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fchubb-consolidates-its-activities-in-china&text=Chubb+consolidates+its+activities+in+China
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fchubb-consolidates-its-activities-in-china&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/cyber-risks-insurance-against-high-technology
[4] https://www.atlas-mag.net/en/article/allianz-first-100-foreign-owned-insurance-company-in-china