Aviva gets green light for digital joint venture in Hong Kong
The insurance joint venture of Aviva, Chinese investment company Hillhouse Capital Management and tech firm Tencent Holdings is expected to start operating under its new corporate structure during the first half of 2018.
The three companies have completed the transaction in Hong Kong, following regulatory approval by the Hong Kong Insurance Authority, Aviva said in a Feb. 13 press release.
Aviva, Hillhouse and Tencent first announced in January 2017 their agreement to develop an insurance joint venture in Hong Kong, by which Hillhouse and Tencent have acquired a combined 60 percent shareholding in Aviva Life Insurance Company (Aviva Hong Kong).
Join us at Intelligent Automation in Insurance - London 2018. Book by Feb 28th and you could save £300.
More of today's news
Kemper reveals $1.3bn deal to buy Infinity
IAG considers options for Asia operations
MS Amlin reports £570m loss in 9M
Brit expands third-party capacity
Zurich taps insurtech CoverWallet for new digital initiative in Europe
Willis Towers Watson appoints new life insurance leader for Americas
IAG guides for higher 2018 insurance margin
Lloyd's broker AFL bolsters wholesale property practice
More articles
Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom