American International Group has formed a strategic alliance with Pingan Insurance Company of China, that provides for each company to use the other’s sales and service network.
AIG will use Pingan’s facilities to provide services for its commercial clients inside China, and will offer its worldwide facilities to Pingan to service its customers doing business outside the Chinese mainland.
Pingan is based in Shenzen in Guangdong province, one of the few areas, along with Shanghai, where foreign companies are currently allowed to operate. AIG also has an office there, and hopes to open more when China Joins the World Trade Organization.
Was this article valuable?
Here are more articles you may enjoy.
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says 
Erie CEO NeCastro Steps Down Early; Bolash Named Interim Leader 
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation 
Pennsylvania Public Adjuster Law Adds Cap on Fees, Bans Ties With Contractors 
