China is considering allowing Aegon’s Transamerica unit life insurance to operate in China according to a statement made by Aegon CEO Kees Storm. According to a Reuters report, Storm said Chinese Prime Minister Zhu Rongji is considering giving Transamerica a license. Rongii is on an official visit to the Netherlands. Transamerica was taken over by Aegon in 1999.
“Transamerica applied for a license in 1994. Aegon had also applied for a license but we are not bothered whether it is the Dutch side or the American side that gets it,” Storm was quoted by Reuters as saying.
Topics China
Was this article valuable?
Here are more articles you may enjoy.
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
