NIPPONKO soccer jerseys A Insurance approved to set up subsidiary in Shenzhen
NIPPONKO soccer jerseys A Insurance approved to set up subsidiary in Shenzhen
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NIPPONKOA Insurance approved to set up subsidiary in ShenzhenPublished: 24 Jun 2009 19:34:47 PST
Top 5 News From ChinaKnowledge.comShanghai GM’s Buick sales hit 2 mlnCPC in talks to buy LNG from Exxon MobilShanghai Electric receives order from SiemensBYD sells 144,741 vehicles in Jan-MayChina’s GDP likely to grow nearly 8% in Q2Jun. 25, 2009 (China Knowledge) – Tokyo-listed NIPPONKOA Insurance Co Ltd, Japan’s fourth biggest property insurance company, has obtained approval from the China Insurance Regulatory Commission (CIRC) to set up its first fully-owned subsidiary in Shenzhen of Guangdong Province, sources reported on Wednesday.
The Chinese subsidiary, NIPPONKOA Insurance Co (China) Ltd, will have a registered capital of RMB 200 million.
The new subsidiary will offer property damage, liability, credit, short-term health and accident insurance services. It will also provide reinsurance business.
The Shenzhen subsidiary will offer quality services to Japanese companies in the city, said official from the NIPPONKOA.
NIPPONKOA Insurance, established in April 2001 through a merger of The Nippon Fire & Marine Insurance Co Ltd, provides life insurance in addition to other types of insurance.
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