Insurer Chubb opening second branch in China
insurance-expert on July 6, 2010 0
EIJING—Chubb Corp. said Tuesday that it has received approval to establish its second insurance branch in China.
Chubb Insurance (China) Co. Ltd., a wholly owned subsidiary of Warren, N.J.-based Chubb, received approval from the China Insurance Regulatory Commission to establish a branch in Nanjing, China, that is to open in December.
Chubb opened its first China branch in Shanghai in September 2000. That branch was converted into a wholly owned subsidiary in February 2008.
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