Allianz sells its stake in its subsidiary in China

Magazine Issue:

The insurance business in the post-Covid-19 era [3]

Magazine date:

Mar 2021

Allianz Allianz has transferred its 22.95% stake to the capital of its joint venture CPIC Allianz Health Insurance. The group China Pacific Insurance (CPIC) has acquired 8% and the remaining 14.95% goes to China Pacific Life Insurance.

The transaction has been approved by the Chinese regulatory authority (CBIRC). CPIC now holds 85% of the health insurer's capital.

CPIC Allianz Health Insurance shall pursue its activities under the name of CPIC Health Insurance.

Learn more about insurance in China [4]

Mon, 22/03/2021 - 10:39

Links:
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[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fallianz-sells-its-stake-in-its-subsidiary-in-china&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/insurance-in-the-aftermath-of-covid-19
[4] https://www.atlas-mag.net/en/category/pays/chine