Qianhai Re gets green light from CIRC

The China Insurance Regulatory Commission (CIRC) has granted
approval for the establishment of Qianhai Re.
Asia Insurance Review reported this morning (10 March)
that Qianhai Re's backers had been given the go-ahead a year
after they first announced their intention to launch the 3bn yuan
($460mn) carrier.
Shenzhen Qianhai Finance Holdings, postal service China Post
Group and investment firm SZ Capital will be the three largest
shareholders in the reinsurance venture, each holding 20
percent.
Oth