Chinese regulators have given the green light to three more foreign companies to set up operations in the country. Licenses have been approved for the U.S. Liberty Mutual, the U.K.’s Standard Life, and a company identified as a Japanese Property Insurer.
Standard Life, Europe’s largest mutual life insurance company, will establish a 50-50 partnership (the maximum stake allowed under Chinese law) with Tianjin TEDA Investment Holdings Co. to be called Heng-An Standard Life Insurance Co.
Details concerning Liberty’s plans and those of the Japanese insurer have not yet been released.
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
What Analysts Are Saying About the 2026 P/C Insurance Market 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
