First taste of history of Shanghai's financial reorganization of State owned enterprises with international stake in Volkswagen insurance

"China is experiencing incredible growth, for the insurance products and services to create a growing demand. "Recently, reporters from public insurance company of China (" General insurance ") confirmed that on June 3, the China insurance regulatory Commission has formally agreed to, United States history with international limited (" the history of international ") become public insurance strategic investors. Reporter from the China insurance regulatory Commission website on the public insurance company of the foreign shares of additional understanding to the reply, to history with public insurance (Bermuda) insurance and reinsurance (Bermuda history with) directed additional 286.5 million shares, accounting for public insurance 20% of the total share capital after the capital increase, with the history of the company is international. The introduction of history with the international financial open part of the reorganization of State-owned enterprises in Shanghai. Recommended reading insurance weekly: increased warehouse investment over 30,000,000,004 months insurance funded deposits moved near billions of cast even insurance May then case Waterloo income differentiation country life cast even insurance success escape top 5 name foreign executives joined China peace Qian May Beijing insurance intermediary was penalty million history with shares mass insurance holding 20% Qiming: shocks city in the how mining Daniel unit mass insurance to history with international directed issuance price in 1.5 Yuan/unit, history with international by its subsidiaries holds mass insurance 20% of equity, became its single first large shareholders, however, Shanghai International Group and the its Shanghai International Group assets management limited total holding proportion still will over history with company. Under public insurance 2010 annual report at the end of 2010, public insurance top three shareholders respectively, 19.89% international group Shanghai Shanghai 14.14% investment management, Shanghai urban construction investment and Development Corporation 13.19%. It is worth mentioning is that history with international founder is the "Godfather of insurance" Maurice Greenberg, the United States International Group (AIG) former Chairman and Chief Executive, has presided over the AIG for 38 years. For the introduction of strategic investors, public insurance President Shi Fuliang full of hope. In his view: "history with international in the insurance business has a long and successful history, believes that the cooperation can bring tremendous assistance to public insurance, to learn from their experience and expertise. "History with international currently has 5 insurance entities, mainly provides personal property insurance, casualty insurance products, while providing policyholders with loss control, claims management, reinsurance services. In this regard, Maurice Greenberg admits: "experiencing amazing growth in China, for the insurance products and services to create a growing demand. We believe that the public insurance has become the great potential of the regional major insurance institutions. ”