Euler Hermes launches CPPIC joint venture

Euler Hermes has partnered with China Pacific Property Insurance
Company (CPPIC) to a launch a credit insurance joint venture in
China.
The operation will be based in Shanghai and will consist of
managers and staff from both companies.
The move marks a further expansion of CPPIC's relationship
with Euler Hermes parent Allianz, with the companies also
cooperating in areas including health cover, automotive insurance,
reinsurance and roadside assistance.
Euler Hermes chairman Wilfried Verstraete s