Move should pave way for cross-border selling of insurance products
China's second largest life assurer, Ping An, has purchased a 4.2 per cent stake in the Fortis group.
The stake, worth $2.7bn, is the latest in a series of investments made by Chinese financial services companies in their European counterparts.
The news follows the announcement by China Life, China's largest life assurer, earlier this week that it would look to invest in a large insurance company in Europe or North America.
HSBC currently holds a 17 per cent stake in Ping An.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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