Willis Group Holdings, the insurance broker, has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50% equity stake in Shanghai Pudong Insurance Brokers Ltd. Shanghai Pudong Insurance Brokers Ltd is a Chinese insurance broker licensed to transact both insurance and reinsurance, life and non-life, for domestic and foreign clients throughout China (PRC). It currently has 10 branch offices and 13 sales offices throughout the country and employs 150 people. Upon completion of the equity purchase both parties intend to change the name to Willis Pudong Insurance Brokers Ltd, headquartered in Shanghai, PRC.
Willis Buys Half Of Insurance Brokerage Firm In China
Willis Group Holdings, the insurance broker, has received approval from the China Insurance Regulatory Commission to complete the purchase of a 50% equity stake in Shanghai Pudong Insurance Brokers Ltd. Shanghai Pudong Insurance Brokers Ltd is a Chinese insurance broker
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