ING, Nippon Life ventures okayed for group business
31 December 2004
Two foreign insurers this week were reported making gains in areas once regarded as off limits to foreigners. Pacific Antai Life Insurance, ING's 50% held life insurance joint venture, won approval to sell group life, health and accident insurance policies in Shanghai and Guangzhou. Nippon Life, meanwhile, was given the green light to sell group insurance on the mainland.