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Saturday, June 11, 2011

Popular insurance agency expansion is expected to restart

Report from a few days ago, public insurance introduced overseas strategic investors and the capital increase application by CIRC reply. Filled by Maurice Greenberg, Chairman and CEO of history with international, through its wholly-owned subsidiary history with insurance and reinsurance companies as a whole owns 20% shares of public insurance, as the second only to Shanghai's second-largest shareholder. Prior to the formal stake in the public insurance, Greenberg has completed the public assets of insurance conducted a comprehensive review. After the completion of the transaction, history international will grasp the actual rights of public insurance, perhaps expected to restart stalled long branch expansion plans. History with the company is a global insurance and financial services and investment companies under the insurance companies to cover aviation insurance, marine insurance, energy, insurance, property insurance and special excess liability insurance coverage, including transnational risks. Public insurance in Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Shandong, Eastern China established the 8 branches. 2010 Volkswagen total premium income of 1.725 billion yuan, an increase of 19.7%.