KM Financial Solutions | UPDATE 1-Chubb to buy added stake in China’s Huatai Insurance for $1.53 bln
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UPDATE 1-Chubb to buy added stake in China’s Huatai Insurance for $1.53 bln

UPDATE 1-Chubb to buy added stake in China’s Huatai Insurance for $1.53 bln

Insurer Chubb Ltd said on Monday
it will buy up to an additional 22.4% stake in Chinese insurer
Huatai Insurance Group Co Ltd for 10.8 billion yuan ($1.53
billion), as it looks to bank on a rapidly growing sector in the
country.

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