Companies

China Reinsurance plans global expansion

(Agencies)
Updated: 2011-01-24 15:42

China Reinsurance (Group) Co, China's biggest reinsurer, plans to gradually build up its global operations, including growth via mergers and acquisitions and international cooperation, Bloomberg reported Monday.

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The group's revenue totaled 38.3 billion yuan ($5.8 billion) last year, according to Bloomberg.

Total assets rose to 101.6 billion yuan as of Dec 31.