PartnerRe, Korean Re pass first CIRC hurdle: reports

PartnerRe and Korean Re have received initial approval from the
China Insurance Regulatory Commission (CIRC) to establish
subsidiaries in the country.
According to Chinese news agency Caixin the companies have
cleared the first barrier to setting up the branches after the CIRC
committee that manages market entry for foreign insurance companies
granted permission.
Both reinsurers still require authorisation from the chairman of
the CIRC before the branches can begin operations.
In January Chinese