NU Online News Service, Sept. 25, 1:05 p.m. – AEGON Group, the Hague, says it has received permission from Chinese regulators to start preparations for a 50/50 life insurance joint venture with a domestic partner. The license has been granted to a subsidiary of Transamerica, an AEGON company.
NOT FOR REPRINT
AEGON TO Start Operations In China
By
Staff Writer
September 25, 2001 at 08:00 PM
Share & Print
The license will initially allow the joint venture to sell individual life insurance policies in one major Chinese city, AEGON says. However, the company will expand its operations in the next few years. AEGON is currently in talks with a number of prominent Chinese companies and expects to conclude the negotiations in 2002.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
