Fosun launches nation's second reinsurance company
By Gao Changxin in Hong Kong | China Daily | Updated: 2013-01-10 07:37
Fosun Group, the Chinese private conglomerate, has unveiled a reinsurance subsidiary to tap into Asia's "underdeveloped" market.
The new reinsurer, Peak Reinsurance Co Ltd, is Fosun's fourth investment in the insurance sector, and is part of the Shanghai-based company's ambition to build itself into a global business empire that combines industry, investment and insurance.
The establishment of Peak Re marks the introduction of China's second reinsurer.
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