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Zurich Insurance not considering expansion in China, India

Posted On: Oct. 10, 2018 5:55 AM CST

Zurich Insurance Group A.G. will refrain from expanding its operations in China and India until the countries jettison rules prohibiting foreign insurers from owning majority stakes in local carriers, Reuters reported citing Finanz und Wirtschaft. Mario Greco, chief executive of Zurich Insurance Group, said that the insurer is not considering a big acquisition or merger to expand its operations.

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