Huatai Insurance Group is the holding company of Huatai P&C Insurance Company, Huatai Life Insurance Company, Huatai Asset Management Company, Huatai Baoxing Fund Management Company, among other subsidiaries. Huatai Group's insurance operations have more than 600 branches and 11 million customers.
"We made our first investment in Huatai in 2002 and became the company's largest shareholder. This increased ownership is an important milestone towards our goal of majority and beyond ownership," said Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb. "Chubb's continuous investment in China over the past 17 years, including our wholly owned Chubb China subsidiary, demonstrates our long-term commitment to the development of a strong Chinese financial services industry and the important role it plays in serving Chinese society and the welfare of its people."
About Chubb in China
Chubb's history in China dates back to 1792 when a legacy company – the Insurance Company of North America (INA) – began providing protection to the pioneers of trade between the United States and China. In 1897, INA appointed an agent in Shanghai and started to officially conduct business in China. Today, Chubb is proud to have participated in over 200 years of U.S.-China relations and views China as one of its greatest long-term opportunities. The company looks forward to expanding its presence in China and making further contributions to the development of its insurance industry.
About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide. Additional information can be found at: www.chubb.com.