A report from Dow Jones Newswire describes a new, wholly owned, P/C insurer established in Taiwan by Chang Hwa Commercial Bank, called CHB Insurance Brokerage Co.
The DJ report indicated that the bank is seeking to expand its reach into the non-life insurance sector.
CHB has signed a cooperation pact with Taian Insurance Co., Taiwan Fire & Marine Insurance Co. and Zurich Insurance (Taiwan) Ltd., Chang Hwa indicated.
According to the bank, the insurer will initially focus on fire, auto and injury insurance businesses and in the future plans to expand its products to include consumer-related insurance. Its establishment follows that of Chang Hwa’s life insurer, CHB Life Insurance Agency Co., in October 2001.
Topics Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
NY City Accuses Law Firm of Running Injury Claims Fraud Operation 
AI’s Water Strain Includes Surging Demand From Electricity Use 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare 
