Shoring Up Business… - Statistical Data Included

Business Asia, August 2, 1999

The following is a list of foreign insurers with licences to underwrite business in China.

INSURER         COUNTRY

Aetna           United States
AIA             United States
AlU             United States
Allianz         Germany
AXA             France
Chubb           United States
Colonial        Australia
John Hancock    United States
Manulife        Canada
Prudential      Britain
Royal & Sun     Britain
Sun Life        Canada
Tokyo Marine    Japan
Winterthur      Switzerland

INSURER         LICENCE

Aetna           Life insurance joint venture in
                  Shanghai with China Pacific Insurance.
AIA             Branches in Shanghai and Guangzhou
                  for life insurance.
AlU             Branches in Shanghai and Guangzhou for
                  properly and casualty insurance.
Allianz         Life insurance joint venture
                  in Shanghai with Dazhong Insurance.
AXA             Life insurance joint venture with
                 China National Metals.
Chubb           Approved for property insurance
                  branch in April 1999.
Colonial        Life insurance joint venture in Shanghai
                  with People's Insurance Life.
John Hancock    Approved for life insurance joint venture
                  in April 1999.
Manulife        Life insurance joint venture in
                  Shanghai with Sinochem.
Prudential      Approved for life insurance
                  joint venture in April 1999.
Royal & Sun     Branch in Shanghai for Alliance
                  property and casualty insurance.
Sun Life        Approved for life insurance
                  joint venture in April 1999.
Tokyo Marine    Branch in Shanghai for fire,
                  property and casualty insurance.
Winterthur      Branch in Shanghai for property
                  and casualty insurance.

Note: Sedgwick is the only foreign broker approved to operate in China.