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Ancheng Property opens in Southwest China

By Song Hongmei (chinadaily.com.cn)
Updated: 2007-01-12 11:18

Related publication: Related readings: China Life to set up property insurance arm Bohai Property Insurance operational in Tianjin

Ancheng Property and Casualty Insurance Company has opened for business with the approval from the China Insurance Regulatory Commission in Southwest China's Chongqing Municipality.

With a registered capital of 500 million yuan (US$64.04 million), the property insurance company was invested in by Chinese enterprises based in Chongqing. The company will run business like property loss insurance, liability insurance, credit insurance, short-term health insurance and accident insurance.

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The full text is available in the January Issue ofChina Insurance.