Zurich Insurance

Zurich Insurance shifts gaze away from China

Zurich Insurance sold $283 million of shares in New China Life, at a time when foreign insurers are struggling to develop a profitable China strategy.
New China Life's share price performance year to date.
New China Life's share price performance year to date.
July 12, 2013

Zurich Insurance Group sold shares in China’s third-biggest life insurer by premium income, New China Life Insurance, for about $283 million, according to a term sheet seen by FinanceAsia.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media