ING China insurance JV expands to Beijing

ING Capital Life Insurance Company to open branch in PRC capital.

ING Capital Life Insurance Company ICLIC, the joint venture between ING Group N.V. and Capital Group will expand its mainland presence to include Beijing. In a press release, the Dutch group announced that its life insurance joint venture has received approval from the China Insurance Regulatory Committee CIRC to establish a branch office in nation's capital.

The inclusion of a Beijing branch office will expand upon the joint venture's highly successful business in the northern city of Dalian, where in the span of two years the company has achieved top three status in terms of individual new business.

ICLIC's Beijing operations are expected to commence...

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