Reinsurance group moves in
1 January 2002
Swiss Reinsurance Group is awaiting regulatory approval to enter China's reinsurance market, China Daily said. When approval is given, the group will set up a wholly owned branch in China, likely to be in Shanghai or Beijing.
When approval has been given, the group will become the first foreign firm to offer reinsurance in China. The sector is currently controlled by China Reinsurance Group, a successor company to the People's Insurance Company of China.
