AIG General Insurance Company China Limited, a subsidiary of American International Group Inc., has received approval to establish a branch in Beijing, China, American International Group announced.
The company said that approval by the China Insurance Regulatory Commission “marks the first step in AIG General's geographic expansion across China following its incorporation as a wholly-owned foreign enterprise in September 2007.”
AIG explained that AIG General's parent company, AIU Insurance Company, had branches in Shanghai, Guangdong and Shenzhen, and those branches were consolidated into AIG General at the time of its incorporation.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
