China sets up new insurer to take over Anbang's operations
Posted On: Jul. 1, 2019 6:40 AM CSTChina has created a new insurer – Dajia Insurance Group – to take over the main operations of Anbang Insurance Group Co. Ltd., Bloomberg reported. Dajia Insurance Group's reported $3 billion in registered capital. Chinese regulators have started soliciting offers for stakes in Anbang's domestic business, the sources said.