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China Re opens first overseas branch office in Singapore

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China Reinsurance (Group) Corp. has opened its first overseas branch office in Singapore, Asia Insurance Review reports.

The branch will allow the reinsurer to expand its operations to the Asia Pacific region and will contribute "to the professional development of Singapore as an international reinsurance center," said China Re chairman Yuan Linjiang. Richard Lim, China Re's chief executive for Asia Pacific, will lead the Singapore office.

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