BIZCHINA> Biz Media Digest
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BIZCHINA> Biz Media Digest
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Insurance: China Life in tie-up
(chinadaily.com.cn)
Updated: 2006-03-14 10:30 China Life Insurance Co Ltd said on Tuesday it would team up with its parent to set up a property and casualty insurance firm in China with registered capital of 1 billion yuan (US$124 million). (Reuters) XL Capital, one of the world's top 10 insurers, wants to focus its future business in China on reinsurance and liability insurance. The company has set up a representative office in China, opened in Beijing in January, but is not yet directly involved in the insurance business in the country. (China Daily) (For more biz stories, please visit Industries)
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