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John Hancock Tianan Life becomes a Chinese insurer

(chinadaily.com.cn)
Updated: 2009-09-25 17:13

Sino-US insurer John Hancock Tianan Life Insurance Co Ltd recently gained approval from the China Insurance Regulatory Commission to shift into a Chinese insurer, the top Chinese insurance regulator said in a statement on Sept 8.

Related publication:

John Hancock International, the foreign shareholder of the insurer, will quit the latter and has made a decision to sell a 50 percent stake in the insurer to four other Chinese companies, but not the insurer's Chinese shareholder Tianan Insurance Co Ltd.

John Hancock Tianan Life was jointly established by Tianan Insurance and US-based John Hancock Life Insurance Co in Shanghai in 2001 with a registered capital of 200 million yuan ($29.29 million).

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