JAPAN'S FOURTH BIGGEST PROPERTY INSURER TO EXPAND BUSINESS IN CHINA
AsiaInfo Services, December, 2004
AsiaInfo Services 12-03-2004 Japan's Fourth Biggest Property Insurer to Expand Business in China TIANJIN, Dec 03, 2004 (SinoCast via COMTEX) -- Aioi Insurance Co., Ltd. (Aioi Insurance), the fourth biggest property insurance company in Japan, will present its application to China for a property insurance branch to be built in Tianjin. Automobile insurance business accounts for 70% of the Aioi Insurance's total business.
Japan-based Honda Motor Co. Ltd. (Honda Motor) takes 33.4% stake in it, also the biggest shareholder of it. The property insurance branch of Aioi Insurance is likely to be set up next year. By then, among the first batch of the international auto groupswith the permission to set up auto financial companies in China, Honda Motor is expected to...
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