Chubb increases Huatai majority stake to 86%
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Chubb increases Huatai majority stake to 86%

Chubb and Huatai logos beijing.jpg

Chubb is set to increase its majority stake in Chinese life and P&C carrier Huatai Insurance Group to 86.1% as part of its strategy to expand its Asian operations.

The giant insurer expects to close the transaction sometime this year, pending Chinese regulatory approvals.

“Our strategic investments such as Cigna and Huatai will provide us with greater revenue, earnings and growth opportunity,” Chubb CEO Evan Greenberg told analysts during...

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