Wednesday, July 23, 2008

China Insurance Company Make a Deal with TIENS Group

China Insurance Company (UK) Ltd was registered in 1983, approved and licensed by the Department of Trade and Industry in time to begin undewriting on 1st October 1985, from which time it has also been a member of Association of British Insurers.

Originally a joint venture between The People's Insurance Company of China and Bank of China, it has since been 100% owned by China Insurance (Holdings) Co. Ltd.

Authorised to transact most classes of fire,accident, liabilities, marine and aviation business both direct and through reinsurance, the Company has a fully paid share capital of £15m. Currently assets under management exceed £50m with more than 40% of this figure attributable to shareholders. Our current level of annual income at nearly £16m (all underwritten within the UK), provides the Company with a very solid base for it's future development and a substantial margin over the minimum solvency requirement under the Insurance Companies Acts.

We have developed a strong network of brokers and agents throughout the United Kingdom and Northern Ireland and also transact business direct with the public particularly among the Chinese Community.

So far, we have a Representative Office in Manchester, and a branch in Netherland to support our customers outside of the United Kingdom.

Our parent company as a financial and insurance group with diversified business coverage and a vast network, the business covers general insurance,life insurance,reinsurance, also extended to asset management,trust investment,real estate develpment, securities broking and pensions etc.

The mission of our group is to help create a prosperous society while promoting the well-being and peace of mind among people. As a member of this group, we are focusing on the European business and we aim to establish ourselves as a distinctive Chinese insurance brand in the European market.