China Creates Insurance Group to Take Over Troubled Insurer Anbang

China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that’s under state control. Beijing-based Dajia Insurance Group, which was established on June 25, has 20.4 billion yuan …

from News – Insurance Journal https://ift.tt/2Ym6U5Q