Anbang Insurance Group
Chinese regulator seizes global insurer Anbang
The Chinese insurance regulator stepped in and took control of Anbang Insurance Group on Friday, a move that has put the country’s other insurers on notice.
China insurance watchdog denies Anbang asset sale pressure
The China Insurance Regulatory Commission (CIRC) has denied asking insurance giant Anbang to sell its overseas assets and bring the proceeds back to China.
China gov’t tells Anbang Insurance to sell overseas assets
Chinese authorities have reportedly asked Anbang Insurance Group to sell its overseas assets, which include life insurers in the Netherlands, South Korea, and the United States, as the country’s insurance regulator prepares to ramp up its supervision of the sector.
Allianz sells S. Korean life insurance and investment arms
Allianz has agreed to sell its South Korean life insurance unit and Allianz Global Investors Korea to China’s Anbang Insurance Group.