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Allianz China Holding closes acquisition of Allianz China Life

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Magazine Issue: 
Reinsurers in control [3]
Magazine date: 
Nov 2021

Allianz China HoldingAllianz China Holding has secured regulatory approval for the acquisition of 49% of the share capital of its joint venture Allianz China Life Insurance.

Until now, this stake has been held by CITIC Trust. The holding company is now the exclusive shareholder of the life insurance company.

This transaction makes Allianz China Life the first fully foreign-owned life insurer in China.

Read also | China opens borders to foreign banks and insurance companies [4]

Thu, 25/11/2021 - 10:04

Source URL: https://www.atlas-mag.net/en/article/allianz-china-holding-closes-acquisition-of-allianz-china-life

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-185-november-2021
[4] https://www.atlas-mag.net/en/article/china-opens-borders-to-foreign-banks-and-insurance-companies