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NU Online News Service, July 7, 3:10 p.m. EDT

Chubb Corp. said it expects to open a second branch in China in December if all goes well with additional approvals from the China Insurance Regulatory Commission (CIRC) and other authorities.

Chubb’s wholly-owned subsidiary, Chubb Insurance (China) Company Ltd., will be opening a branch in Nanjing in the Jiangsu Province at the Yangtze River Delta. The city is said to be the second largest commercial center in the East China region, after Shanghai.

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